Bridging Loan - Bungalow Case Study

Case Study

Bridging Loan for a Bungalow

Location

Fordingbridge

Property Type

Bungalow

LTV

40%

Lender

United Trust Bank

Scenario

Clients had identified dream retirement home but had not yet started the process of selling their current main residence.

Solution

To avoid clients losing dream home, we provided a regulated bridging loan, secured against both properties, over a 12-month term with interest fully retained, which released 100% of the monies required to secure the purchase of the new home.
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