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 to buy 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 to 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 were able to 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.
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Finance for overseas London property buyers: the 3 essential ways we can help
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.