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.  

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.

James Palmer

Senior Associate

London

0203 900 4322

Are you looking for similar property finance? I specialise in development and commercial finance for Clifton - I can find creative and commercially effective solutions for your project.

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