A property had come on the market that he and his wife wished to buy, but they had yet to market their current home. The clients had a substantial amount in savings they could put towards the purchase, but were still £400,000 short of what they required to facilitate the purchase.
A first charge regulated bridging loan was arranged with the minimum of fuss over the clients’ existing property and also the new property.
By doing this the loan to value was reduced enabling the client to benefit from a lower interest rate.
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