Cheapest bridge finance for fix-and-flip in Fife

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. It was on the market for £112K and she had a 25% deposit to hand, 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 regulated bridge finance on this purchase.

The Solution

A bridging loan was the perfect solution to provide finance at a smaller loan size.

As she was looking to flip the property after some renovations, she didn't need a long term buy to let mortgage. A bridging loan could secure the house, and then be repaid upon its sale after work had been done (within the 12 month period of her loan). 

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."

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Jonathan Moffatt

Head of Business Finance

Cardiff

0203 880 8890

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Alex Morris

Private Client Adviser

Bristol

0117 332 5061

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Scott Dutfield

Finance Broker

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you

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Carly Cheeseman

Head of International

Bristol

0117 457 9922

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Nick Kerley

Finance Broker

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

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Louis Levine

Finance Executive CeMAP

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Are you looking for a similar type of property finance?

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Bridging Team

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Bristol

0117 959 5094

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Sam Baker

Finance Broker

Cardiff

0117 959 5094

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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you 

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Fergus Allen

Senior Finance Broker

Cardiff

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.

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Jacob Phipps

Finance Broker

Bristol

(+44) 0117 959 5094

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I specialize in helping international clients source residential and investment property finance for UK property. Book a free telephone consultation with me at a time to suit you 

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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. customDatabaseField-8455

Mathew Phillips

Senior 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.

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Alex Chambers

Senior Private Client Adviser

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.

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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. Book a free telephone consultation with me at a time to suit you.

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Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar?

I am a bridging finance specialist at Clifton Private Finance. I can find a quick, cost-effective solution for the funding you're looking for. Book a free telephone consultation with me at a time to suit you.

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