Fast bridge finance to buy Spanish holiday home
When they’ve seen the holiday property they want to buy, clients usually have to act quickly. Bridging finance is the mechanism which can secure a purchase until a property sale can be completed.
The Scenario
Our clients each owned their own properties in Devon – he in Barnstaple, she in Westward Ho! But now they’d seen the perfect holiday home they wanted to buy together in Spain. Back home from putting down their deposit in Murcia they had to get one of their properties sold – and rápidamente.
They needed to get the balance to be paid into an account in spain in 10 day’s time.
The Solution
Our first solution hit the buffers when the lender’s inspection of the Barnstaple property revealed that it was only single-skin construction: a build type they’re not prepared to lend on.
Having lost a valuable couple of days, we focused on the Westward Ho! property, and approached a lender who does quick online valuations.
Job done: deal completed in eight days, leaving time for the foreign exchange transfer to go through.
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
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 to discuss your situation at any time that's convenient for you.
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.