Cheapest bridge finance for fix-and-flip in Fife

Area
Dunfermline
Capital Raised
£84K

This is a client we’ve worked with on a number of renovation projects. She trusts us to get her the finance she needs.

The Scenario

Our client has built a very successful fix-and-flip development business in Fife, on modestly-priced homes that are in easy commuting distance of Edinburgh.

She knows her market well and keeps a tight rein on costs.

This property was a three-bed mid-terrace, built in the 1970s. She bought it for £112K with a 25% deposit, but the issue was that the loan size is too small for some lenders to be interested in.

And there are already fewer lenders who are familiar with the less densely-populated Scottish market and are willing to offer finance north of Glasgow or Edinburgh.

Our client had a poor experience with one of the buy to let mortgage lenders who are active in Scotland, and asked us to look elsewhere for bridge finance on this purchase.

The Solution

We surveyed the rates available to her. The best alternative funding we could get for her was at 1.25% per month. But we could get 0.79% from the lender she didn’t favour.

Our advice: the bridging finance arm of this finance company works quite separately from its mortgage finance division, and this was the best rate available to her.

She went with our recommendation and will be spending £13K on renovations, with a view to selling at £165K.

And read about our earlier work for this client »

"No hesitation on recommending this company and Sam O’Neill from CPF. I particularly liked the way Sam wants to understand your business so as to offer the best, relevant and pragmatic advice. I now consider Sam to be a crucial piece and team player within my business for all financing needs. Even if he can’t help he will do the very best to find someone who can. He is prompt, professional and cares about what he does. Can’t thank him enough."

Reviewer LM signature

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.

Contact Us