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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Whether you’re a first-time buyer, moving home, looking to remortgage or raise a second charge, dive into buy-to-let ventures, or looking to explore development opportunities, we have tailored solutions that cater to your unique needs.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

ADD Capital Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 674671. ADD Capital Finance Limited is an authorised credit broker and not a lender. We work with a Panel of Lenders whose particulars will be supplied upon request to find a potentially suitable arrangement for your consideration.
ICO registration Z1171895 and you can check via www.ico.org.uk.
 
ADD Property Finance is a trading style of ADD Capital Finance Limited, registered at Bank Court, 12 Manor Rd, Verwood BH31 6DY. Company Register number is 05418551.
We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission and percentage of the amount you borrow. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.

ADD Capital Finance Limited is a Broker not a Lender.

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