
Fast bridging loan completed in 8 days
No need to make a drama out of a tight timetable. Bridging finance can be quick. Or inexpensive. But whenever possible, we make it both.
The Scenario
Our client is an older gentleman downsizing to move nearer to family: from the pretty village of Cosby in Leicestershire to Market Rasen in Lincolnshire, an hour and a half up the A46.
He had found absolutely the property he wanted in Wragby, and was keen to put down a 10% deposit to secure it. He also wanted to consolidate some debt and pay off the outstanding £14K mortgage on his Cosby home.
The Solution
A bridge of just £45K was enough to achieve what he wanted, which gave us a sub-50% LTV to find him the best deal.
We found a lender who would do a £99 online valuation, who would share their legal services with him, and were offering a rate of just over half a percent.
As soon as our client's purchase offer was accepted we could submit his application to the bank, and the money was in his account eight working days later.
He expects to have his house sold in a couple of months to exit the deal. But even if it takes the maximum of a year the finance will have cost him just over £6K, which he considered a reasonable investment to get the house he wanted at the price he’d offered.
Can we secure similar fast bridging finance as quickly for you?
This client’s low LTV requirement and clean credit history widened the field of available lenders. And his clean sale-of-property exit meant there was no need to establish his income for a remortgage exit.
We could approach a lender who would do an online valuation, allowing us to give our client a clear indication of how quickly he’d have an offer. He was delighted to be able to proceed.
Louis Levine
Finance Executive CeMAP
Bristol
0117 457 7862
Are you looking for a similar type of property finance?
Get in touch today and find out how I can help.
George Abouzolof
Finance Broker
Bristol
0117 403 3444
Do you need help sourcing your own property finance?
I have extensive experience securing UK mortgages for expat clients. Book a free telephone consultation with me at a time to suit you
Bridging Team
Clifton Private Finance
Bristol
0117 959 5094
Are you in need of a similar type of property finance?
Book a free telephone consultation with one of our bridging specialists today and see how we can help you.
Sam Baker
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
Fergus Allen
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.
Book a free telephone consultation with me at a time to suit you
Jacob Phipps
Finance Broker
Bristol
(+44) 0117 959 5094
Are you looking for a similar type of property finance?
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
Jack Spillane
Finance Broker
Bristol
0117 959 5094
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.
Book a free telephone consultation with me at a time to suit you
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.
Book a telephone consultation at a time that suits you:
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.
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
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.
Book ConsultationAdam Arnott
Associate Director
Bristol
0117 205 0214