Bank of Mum and Dad comes to the rescue
Bridging Finance Solutions has reported a steep increase in the number of clients securing bridging loans to support their children by purchasing the property. Young aspirational homeowners keen to take their first steps onto the property ladder are faced with unaffordable house prices coupled with rising interest rates and reluctant lending. Increasing the deposit size […]
BFS help make another self-build happen!
Bridging Finance Solutions has supported another self-builder with their ambitious development plans, providing funding for a modern five-bedroom home on Llangefni, Anglesey. The client, an Electrical Engineer and Chief Legal and Compliance Officer had acquired the land and begun the build-up to plate level. A traditional mortgage was not an option due to the development […]
BFS say yes to sibling funding
A sibling development team have secured a £234,000 bridging loan from Bridging Finance Solution in order to redevelop a three-bedroom semi-detached property in Alderley Edge, Cheshire. The duo were unable to secure a standard mortgage due to the extent of refurbishment works. High street lenders typically require an electrical and EPC update before a mortgage […]
High value bridging loan settles Inheritance Tax debt
A mother and son client has secured a £ 1.1 million bridging loan to settle an outstanding Inheritance Tax bill through Bridging Finance Solutions. The client and her son resided on the property, which had been originally owned by their grandfather. Following his passing, our client inherited the property and, with it, a very large The […]
Development with Green Belt Views
The journey and partnership of a development loan start right at the beginning of a project, and the experts at BFS are there to support their client throughout the journey, as was the case with this scheme in West Lancashire. The client was planning to build two four-bed detached properties with views over green belt […]
An Age Old Issue
A retired client was keen to sell his North London terraced property for maximum value, requiring short term funds to modernise and move on. The three bedroom mid-terrace dwelling had fallen into a state of disrepair, however, due to his age, the client was unable to secure main stream funding, essential to make the necessary […]
Under The Hammer
A savvy investor has utilised bridging finance to fund his auction purchase, finalising the balance with the standard 28 day to pay time frame. The client purchased a farmhouse at auction in Taunton and was inevitably unable to secure main stream lending within the limited time frame. With proactive planning already in place, the client’s […]
BFS Provides £135k Development Loan to Modernise 1970s Property
A husband and wife team are now underway with the transformation of a 1970’s property in Kirby in Ashfield, Nottingham, with a development finance loan from BFS now in place. The clients had inherited the large detached property, and had begun to strip it back to its shell, which meant that a normal mortgage would not […]
First Time Developer Secure Funds Through BFS
BFS has agreed to support a ‘new to market’ property developer at his first project in Solihull, Birmingham. The client had purchased a three bed detached house in October 2020. The property was in a poor state of repair, however, had major scope to improve and the client recognised an opportunity to purchase this outright […]
Transforming a Dilapidated Barn into Modern Three Bed Home
BFS has agreed to fund a development project in Penzance, Cornwall, transforming a dilapidated barn into a modern three bed home. The disused barn sits on a parcel of land already owned by the farmer occupant whose son is set to now bring it back into full use following the development programme. The barn was […]
