Bridging Loan To Pay Off Mortgage On Home In Landeilo, Wales And Avoid Court Date

Area
Llandeilo, Wales
Capital Raised
£380K

Scenario

Our client had an interest only mortgage with their existing lender and intended to repay the entire capital in full at the end of the term through the sale of their property.

Unfortunately, our client’s property had not sold by the time their mortgage term expired and their existing lender would not extend their term. The client needed to raise £380,000 to repay their interest only mortgage as soon as possible.

To make matters worse, the existing lender started court proceedings against our client for the remaining mortgage balance.

Solution

We knew that the client could not repay the mortgage in time and was in danger of feeling the full weight of the courts’ punishment.

We found a specialist lender that was prepared to secure a bridging loan for £380K with favourable terms.

The application was submitted without delay and the funds were released well within the deadline.

Our client was able to repay her existing lender and move on without the need to go to court.

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.

Mathew Phillips

Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

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