Fast Bridging Loan

Area
London
Capital Raised
£1.5M

The Scenario:

The clients in question had sold their existing property and moved in to rented accommodation while waiting for the property which they had be contracted to buy for £4 million in Hampstead. The new home had a long stop completion date. 

While this seemed like an ideal scenario, the family, after several months living in the location they had been renting in, found that they had grown attached to the area and felt they would rather live there than move to the waiting Hampstead property, as they had initially meant.

Having already committed to their Hampstead property, they needed to complete the transaction as planned. A problem arose when they were let you down by their private lender days before the deadline and so had to quickly find a finance solution.

Our Solution:

After contacting the bridging finance team on a Friday afternoon, the team were able to contact the solicitors involved and a ‘Decision in Principle’ was issued within hours. This is a fine example of how bridging finance can help companies and individuals out at short notice.

Following this, the team visited the property, consulted with the family and on Wednesday the borrowers received the funds meaning the whole process was completed in less than three business days. The customers received a loan of £1.5 million

While this is an exceptional circumstance and bridging finance being available at this sort of speed is quite rare, it does illustrate how bridging finance could help you out.

Always talk to your potential provider as they may be able to help you out at short notice.

Are you in a similar position? To investigate your finance options call our team on 0117 959 5094

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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