Our clients were a mother and daughter based in Calne, Wiltshire, who jointly owned a ground-floor flat alongside an additional first-floor flat held under the same title.
Our clients were a mother and daughter based in Calne, Wiltshire, who jointly owned a ground-floor flat alongside an additional first-floor flat held under the same title.
The ground-floor property was valued at approximately £375,000, while the first-floor flat was valued at approximately £250,000, creating a strong combined asset position.
One client was a retired teacher, while the second worked part-time as a self-employed driving instructor, supporting her mother and assisting with the planned relocation.
The clients required funding to secure a new property purchase and relocate closer to family.
Their objectives were to:
The purchase was highly time-sensitive due to strong interest from other buyers, requiring a fast and flexible funding solution to secure the property.
This case involved several important considerations that required specialist lender selection and careful structuring.
The transaction represented a chain-break scenario, where the clients needed to complete the purchase before selling their existing property. In addition, the clients had income constraints linked to retirement and part-time self-employed earnings.
The structure also involved multiple properties being used as security to strengthen the application, while the repayment strategy relied on the successful future sale of the existing assets.
Traditional mortgage products were unsuitable due to the urgency of the purchase and the affordability constraints involved.
We arranged a tailored regulated bridging loan designed specifically to facilitate the purchase while allowing the clients time to sell their existing property.
The funding solution included:
The selected lender provided the speed and flexibility required to complete a time-sensitive residential purchase.
The structure enabled the clients to secure their new home without delays linked to the sale of their existing property.
This case required a responsive and carefully managed approach throughout the transaction.
We carried out a detailed assessment of the clients’ property assets, financial circumstances, and relocation plans before structuring a bridging facility aligned to the proposed property sale exit strategy.
A suitable lender was sourced that could accommodate retired applicants, part-time self-employed income, and the chain-break nature of the transaction while also moving quickly enough to secure the purchase.
Throughout the process, communication between all parties was managed proactively to ensure the funding completed efficiently and within the required timeframe.
The bridging loan completed successfully, enabling the clients to secure their new property and proceed with the relocation.
As a result, the clients were able to:
Conclusion:
This case highlights how bridging finance can provide effective solutions for chain-break property purchases and relocation scenarios where traditional lenders may be unable to meet speed or affordability requirements.
By focusing on asset value and exit strategy, bridging lenders can help clients move quickly and confidently during important life transitions.
The relationships we build with our customers are incredibly important to us. Hear what they have to say, and learn why people across the UK rely on Rapid Bridging time and time again.
“We actually never thought it would happen because on paper it looked like it was impossible. We tried almost everything and eventually, it was Andrew and Rapid Bridging that was able to help us solve the issue.”
“Without Andrew, I’m pretty sure we wouldn’t be able to finance this development so easily.”
“Andrew sorted all our problems out. He sorted every little thing that we needed to be done… seems to just close every door and sort everything out for us.”
“Without Andrew’s help, the trust would have gone into
liquidation and lost everything — and I mean everything.”
“We were unable to get a loan anywhere. Nobody would fund building the house. We then approached Andrew who was unbelievably helpful. He was the only person who would even entertain the idea of trying to help”.
“Andrews nature and experience allowed for him to cut through some problems that we found with the other professionals. IE the solicitors and the banks”.
“Without Andrew, I would’ve lost the property. This would’ve caused no end of issues not just personally but for my business as well. Without Andrew and services, I would’ve lost everything”.
