Bridging loan case study
Quick Regulated Bridging Loan Secured for Property Purchase
Discover how ABC Finance bridging loan experts helped this client quickly secure a bridging loan to purchase a property they were renting.
The loan
Location
Nottingham
Capital raised
£200,000
How funds were spent
Regulated property purchase
The request
Our clients contacted us for help to buy the property that they were then renting. The landlord had given them a very limited window to buy the property for a discounted price and the opportunity was too good to miss.
Unfortunately, they were unable to get a large enough mortgage based on their income to enable them to purchase the property, and time was of the essence.
The solution
We managed to secure a net bridge of £200,000, interest fully retained, over 12 months. The lender agreed that the loan could be repaid in part by an inheritance (proven via probate, will and solicitors letter) and a new residential mortgage to cover the shortfall.
By us sourcing the right bridging lender – comfortable with their unique exit plan we were able to help our clients & their family stay in their home.
They also benefited from the added bonus of buying the property under market value in return for a quick completion.
Lee Hemming
Sales Director
Talk to Lee about quick regulated bridging loans
If you’d like to find out how ABC Finance can help you finance any type of bridging loan, get in touch with Lee today.
Lee Hemming is a specialist bridging loan advisor at ABC Finance with years of experience arranging the right finance solutions for our customers. Call, email or contact ABC Finance today to learn more.
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