Short Term Finance For Client With Court Pension Sharing Order

Area
Tunbridge Wells
Capital Raised
£25K

The Scenario

Our client, an elderly man, approached us following a drawn out divorce process with his life partner, and was looking for a break from the exhausting experience of the family court. 

Whilst going through the divorce proceedings, both he and his now ex-wife were obligated to get professional solicitors in order to deal with the estate and the conditions of the separation.

The solicitor’s fee totalled to a substantial amount, and was going to be funded by the Pension Sharing Order, which the court gave to our client during the agreement of the divorce.

Whilst the Pension Sharing Order would cover the costs, they often take up to 4 months to go through, which left him without any immediate funding or disposable cash for the solicitor’s fee. 

The Solution

Our specialist brokers have a strong relationships with a collective of trusted, non-traditional lenders, and one private lender in particular showed interest in the case, and conveyed a willingness to work with our client.

Together, we arranged a second charge regulated bridging loan against the client’s current residential property, which would fund the solicitor’s fee.

We then organised with the lender to use the funds from the pension sharing order as the agreed form re-payment, giving the lender reassurance that an exit strategy was in place.

The lender and client were then able to create an agreement which worked for both parties, and are currently working together to raise the money to pay the solicitors, and relieve our client of any further stress. 

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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