Property Finance In Retirement - Clifton Private Finance

Property Finance In Retirement

Area
Winchester
Capital Raised
£1.5M

The Scenario:

A retired judge was looking to downsize and buy a property in central Winchester for £1.5 million.  The client had not sold his existing country house which was mortgage free and on the market for £3 million. 

Due to the client’s age of 72 and his level of retirement income, a standard high street mortgage solution was not possible.

Our Solution:

Ordinarily short term bridging finance would have been offered as the solution with a typical rate of 0.75% per month (9% per annum)and a 2% lender fee.

However by using extensive Private Bank contacts, a flexible, drawdown loan facility was secured against his current, unencumbered main residence at a fraction of the cost of a standard bridging loan.

The rate offered by the Private Bank was only 3% over bank base (3.25%) with a 1% lender fee saving the client a significant amount of money.

Are you in a similar position? To investigate your finance options call our team on 0117 959 5094 or fill in our call back form.

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. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

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.

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