How can a short-term loan help me downsize? However, we are seeing signs of lenders recognising this issue and developing products accordingly. For example, one lender in our extensive panel offers a short term finance product, which has been designed to assist customers moving home who have not yet sold their existing home, or to purchase a property pending the sale of an existing asset. The details of this product are below:

  • Minimum loan £200,000
  • Maximum loan £1,500,000
  • Terms available up to 1 years
  • No Early Repayment Charge
  • 2% Arrangement Fee (min. £6,000)
  • 1% Procuration Fee paid within 7 days of completion
  • Application to offer within 14 days for fully packaged cases
Bridging finance has long been thought of as somewhat unusual and a last resort but this is an example of how it’s becoming more ‘mainstream’. This short term finance product has been hugely popular with older clients, highlighting its importance in the downsizing market. If you are thinking of downsizing and wish to speak to one of our expert bridging finance brokers about this product, get in touch with us today. We would be happy to discuss your requirements and advise you on the most suitable option.]]>