Bridging Loan Completed in Just Seven Working Days
AREA – DEVON
CAPITAL RAISED – £105K
Our client was moving from London to the Devon countryside. He had found the property he wanted and was keen to put down a 10% deposit to secure it.
A bridge of just £105K 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 also share their legal services with him and were offering a great rate.
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 seven 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 less than he was hoping for.
If you are in a similar position why not give us a call to explore your options…
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