
No-drama downsize with bridging finance to pay for renovations
This is the perfect downsize scenario: selling the big house to move close to family (right next door to family, as it happens). And avoiding all of the discomfort of living amongst necessary building works, or camping in rented accommodation, by using bridge finance to pay for renovations before moving in.
The Scenario
Our clients are a retired couple, downsizing from their £800K 5-bedroom family home in the unforgettably named village of Kingston Bagpuize in Oxfordshire, to move eight miles away to a house they’d bought next door to their daughter.
Properties right-next-door don’t come on the market often, so when this opportunity came up they bought it – even though the property needed extensive refurbishment works.
Our clients didn’t want to live in a building site while the building works were underway, nor did they want to have to sell up and move into rented accommodation to pay for the renovations.
The Solution
Bridging finance was the obvious solution.
If we’d had to secure it against the property needing heavy refurbishment the rate would have been fairly steep.
Instead we were able to secure it against the loved-and-cared-for family home, which was going on the market now. We secured a rate of 0.47% that was below even the best-available across the market.
The money was in our clients’ bank five weeks after we pinned down the deal for them. (They could have had the funds sooner, but didn’t want to access them until their builders were absolutely ready to go…)
Use our bridging loan calculator to get an indicative quote »
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