Fast Bridging Loan In London

Area
London
Capital Raised
£885K

The Scenario

Our client owned a west London apartment valued at £645K. He had been looking to move for more than six months and one of the mansion flats in Clapham he had been looking out for finally came on the market at £885K.

The client’s existing apartment hadn't found a buyer, but two and a half months after his offer had been accepted he was under pressure to exchange on the purchase of the Clapham flat or it would go back on the market. 

He needed the full £885K purchase price of the new property in order to be able to proceed. 

Our Solution

The client came to us having been given a deadline of three weeks to exchange on the property, or he would lose it. 

Short-term bridge finance was the solution.

By arranging lending secured against both the property he already owned, and the apartment he was buying, we identified a lender who would be prepared to provide the full purchase price, and after careful negotiation we were able to secure the offer of a favourable interest rate.

A couple of queries on our client's credit record took a few days to resolve, but we kept in close contact with the vendor's agent and 17 days after his application was submitted our client was able to draw down the funds and proceed with his purchase, with a breathing space to allow his west London flat to find a responsive buyer. 

 

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.

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.

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