£400,000 bridging loan for client purchasing new property before selling

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THE SCENARIO

OUR SOLUTION

The debt was still to be repaid from the sale of the client’s current property but the inclusion of the second property meant that the lender was more confident in offering this rate. After having spoken to a number of lenders to try and push the cost down we eventually received a rate of 0.99% p/m with a 1% arrangement fee and no early repayment penalties. This bridging loan structure was a great temporary solution for my client.




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