If you are looking to buy a property abroad either as a second home, retirement home or investment and you need to move quickly a bridging loan secured on a UK property can be an effective way of completing a purchase.
A bridging loan provides a short term funding solution typically from 1 to 12 months and buys time while an existing property is sold or more traditional finance is arranged.
Benefits of a bridging loan include:
Features of the services we offer include:
To investigate your finance options when buying property abroad call our team on 0117 313 6058 or fill in our call back form.
We were contacted by a financial adviser on behalf of his client who wanted to buy a property in Spain on the market for £300,000. The client had a unencumbered property in London valued at £600,000. We were able to provide indicative terms to the adviser on the same day from a specialist lender to cover the finance required using the London property as security. 3 days later the adviser met with the client and an independent solicitor and the paperwork was completed to proceed. A survey was carried out a few days later on the London property which was satisfactory. Once the appropriate legal work was completed funds were released and the property in Spain was purchased.
For more information on how we can help with finance raising call our team on 0117 313 6058.
Call us for a FREE initial conversation on 0117 313 6058 about bridging loan options or request a callback.
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