Background
We were approached to raise £220,000 to secure the purchase of a house that the clients wanted to move into, having lost other potential properties due to their house not selling in time.
Solution
We secured an advance of £220,000 against the value of their current home, giving them the necessary funds to secure their dream house within a 3-week time period. The property was then sold within the 12-month period and the facility repaid.
Bridging faciility
Bridging Facility: £220k
Term: 12 months
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