Bridging Loan To Purchase Property In Italy

Area
Essex
Capital Raised
£50K

The Scenario

Our client, Mr. Morris, wanted to buy a property in Italy. He found a house that would cater for his needs and put down a deposit.

Our client intended to sell his existing property to complete the purchase of his new home. Unfortunately, his existing property was taking longer than expected to sell.

In order to ensure that he didn’t lose his deposit on his new property, he had to pay the remaining £50,000 as soon as possible.

Our Solution

The client had two options: either refinance his entire property or secure a second charge mortgage on his existing home to raise the £50,000 required.

Due to the short-term nature of his financial needs, we decided to arrange a second charge to obtain the finance he needed. Although the second charge had a slightly higher interest rate, the overall cost of refinancing his property would have been more expensive in the long term.

Upon completion of his purchase, Mr. Morris contacted us saying:

“You have certainly shown me that you do everything for your clients …

I have been kept in the loop …. which I would like to highlight that I really appreciated.

I certainly will be able to recommend you to others as and when the need arises.”

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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