Bridging Loan To Purchase And Renovate London Buy To Let
The Scenario
Our client, an Iranian UK passport holder living in Dubai, wanted to renovate his current buy-to-let property and purchase another investment property in London.
He was selling his Bristol home to fund the purchase and the renovation, and had found a suitable apartment in London, but it was taking longer to find a buyer than he'd anticipated. He needed finance set up quickly if he wasn't to miss out on another buyer.
He had approached a bank for interim finance, but they weren't willing to lend because of his Dubai residency and foreign currency income.
The Solution
We quickly set up an £850,000 bridging loan secured against his Bristol home, with a low-interest rate and heavily reduced fee, allowing the purchase to proceed and the renovations to get underway.
READ OUR BLOG:
Finance for overseas London property buyers: the 3 essential ways we can help
In a similar situation? Call our bridging loan team on 0117 959 5094 or use our bridging loan calculator to get an indicative quote
James Ellacott
Commercial Finance Broker
Cardiff
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Simon Mullins
Finance Broker CeMAP
Cardiff
0117 959 5094
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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
Paige Dumpleton
Finance Broker CeMAP
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
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Bristol
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Scott Dutfield
Finance Broker
Cardiff
0117 959 5094
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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you
Carly Cheeseman
Head of International
Bristol
0117 457 9922
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Nick Kerley
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
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Bristol
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Senior Finance Broker
Bristol
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Clifton Private Finance
Bristol
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Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
Fergus Allen
Head of Bridging Finance
Cardiff
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.
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Finance Broker
Bristol
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I specialize in helping international clients source residential and investment property finance for UK property. Book a free telephone consultation with me at a time to suit you.
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Finance Broker
Bristol
0117 959 5094
Mathew Phillips
Senior 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.
Book a free telephone consultation with me at a time to suit you.
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Senior Private Client Adviser
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.
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Senior Finance Broker
Bristol
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Clifton Private Finance
Bristol
0117 959 5094
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