Bridging loan for property purchase to be repaid by pension drawdown
The Scenario
Our client had the opportunity to buy the house and land adjoining his Derbyshire home: he wanted to improve the difficult driveway access to his home and enlarge his garden, and then sell off the purchased house on its reduced plot of land.
A withdrawal from his £1.3M pension pot, which he could draw down in two months’ time, would give him the funds he needed.
Except he could get a substantial discount if he bought now.
The Solution
The answer was a bridging loan: we could get him the full purchase price he needed, secured against the value of his home which would be repaid quickly with the allowable 25% drawdown from his pension.
From application to offer: 6 working days.
James Ellacott
Commercial Finance Broker
Cardiff
0203 880 8890
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Simon Mullins
Finance Broker CeMAP
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
Paige Dumpleton
Finance Broker CeMAP
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
Jonathan Moffatt
Head of Business Finance
Cardiff
0203 880 8890
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Alex Morris
Private Client Adviser
Bristol
0117 332 5061
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Scott Dutfield
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you
Carly Cheeseman
Head of International
Bristol
0117 457 9922
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Nick Kerley
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
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Book ConsultationSam Baker
Finance Broker
Cardiff
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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
Fergus Allen
Senior Finance Broker
Cardiff
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
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Bristol
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Finance Broker
Bristol
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Mathew Phillips
Senior Finance Broker
Bristol
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Book a free telephone consultation with me at a time to suit you.
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Senior Private Client Adviser
Bristol
0117 403 4324
Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.
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Bristol
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Bridging Finance Team
Clifton Private Finance
Bristol
0117 959 5094
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Book a free telephone consultation with one of our bridging specialists today and see how we can help you.
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