Bridging Loan To Downsize and Move Closer To Family
The Scenario:
A retired couple wanted to downsize and move house, so that they could live closer to their family in Wales. They put their residential property on the market and went in search of their next home. They found an ideal house in Newport which was in within suitable distance of their family.
Unfortunately, the couple were unable to raise funds through traditional high street lenders. Their existing home had not yet been sold and they needed some additional finance to secure their perfect home near their family.
The Solution:
We had to act quickly as the couple were in danger of losing their dream home.
A bridging loan was secured against both properties which enabled the couple to complete the purchase of their new home, without having to wait for the sale of their existing property.
Once the client sold their existing home they were able to pay off the bridging loan.
Are you in a similar position? To investigate your finance options call our team on 0117 959 5094 or complete our callback form below:
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.