Cotswold Bridging Loan for Australian Based in Hong Kong

Area
Cotswolds
Capital Raised
£500K

Accessing finance for a borrower who is not a UK national, and not working in the UK, can be a challenge.

The Scenario                     

Our clients were a couple aged 60 and 70 looking for a bridging loan so they could move painlessly from their current house outside Swindon to a dream cottage in picturesque Painswick, recently renovated and extended.

They weren’t married. She works in the UK and is a UK national, he is Australian working in aircraft management in Hong Kong.

They wanted to raise the full purchase price of the cottage and part of the stamp duty.

The challenge was that, for a regulated bridging loan, most lenders require that both applicants in a couple should be both UK residents and UK nationals.

The Solution

We have good connections with a couple of specialised lenders who are prepared to go off the beaten track on bridging loans for clients with unusual circumstances.

The second lender we approached was persuaded by quality and location of the purchase property. With our clients putting forward a LTV of 50% they were prepared to offer an extremely favourable rate, and with finance in place within a matter of weeks our clients could make a firm offer on their property of choice.  

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Have a similar situation? I'm a specialist in residential and investment property finance for UK and international clients. I look forward to hearing from you.

Luther Yeates

Finance Broker

Bristol

0117 244 5561

Have a similar situation? I am a specialist in residential and investment property finance for UK and international clients. I look forward to hearing from you.

James Palmer

Senior Associate

London

0203 900 4322

Have a similar situation? I specialize in development and commercial finance and can provide creative solutions for your property funding requirements.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Have a similar situation? I specialize in bridging finance and can provide creative solutions for your property funding requirements.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Require mortgage or short term finance for residential or buy to let property (including HMOs and limited companies)? I have extensive experience on providing property finance solutions for UK and International clients.

Adam Arnott

Senior Associate

Bristol

0117 205 0214

Are you in a similar situation? I have extensive experience in advising clients on providing creative property finance solutions. I look forward to hearing from you.

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