Case Study
Jo Powell, supported by Tamzin Whitworth, recently completed a £274,485 direct bridging loan, securing funding at 51.05% LTV with a rate of 0.510% per month. The transaction progressed from application to completion in just 2 working weeks.
The finance was arranged to enable the applicants to remortgage their current property and gift funds to their son, supporting his purchase of a semi-commercial property comprising a flat above a coffee shop, which he plans to operate.
Despite the complexities of the transaction, including the use of an AVM, joint solicitors, and gifted funds, the case was completed efficiently, providing the family with the funding needed to move forward with their long-term plans. The applicants also remained on track with their intention to downsize in the future.
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