Bridging loan case study
Regulated Chain Break Bridging Loan
Discover how ABC Finance bridging loan experts helped this client secure a bridging loan to buy a new property before selling their existing one.
The loan
Location
Hitchen
Capital raised
£650,000
How funds were spent
Chain Break Bridge
The request
We were approached by a client in need of help to move down to Hertfordshire from Nr. Blackpool before the sale of their existing residential property.
The move was due to family reasons and was time-sensitive. They didn’t want to miss out on the new property but couldn’t wait for their current property to be sold.
The solution
We were able to raise the desired loan amount secured against both their existing residential and proposed new residential property.
On top of this, we did this without the need for physical valuations as the lender was happy to use AVM’s, thus saving the customers fees and time. The formal offer was issued within 10 working days of receiving the enquiry.
0.68% interest rate per month, 1% lender arrangement fee.
Lee Hemming
Sales Director
Talk to Lee about chain break 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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