£1.25m Bridging Loan Used To Save Sale



Our clients – a retired couple living in Cheshire – were looking to downsize from their £1.65m barn conversion to a £1.25m high-spec home in Macclesfield. They had agreed a price with a buyer for their main residence and had exchanged contracts on the onward purchase. Everything looked set to go ahead, but then at the last minute, unforeseeably, their buyer pulled out of the deal, and they were left in the unfortunate position of having a legally binding commitment to buy their property but no incoming funds with which to do so. This was when they came to us.  

In a nutshell, our clients were looking for short-term finance that would allow them to purchase their desired property and that they could repay as soon as they had sold their current main residence. Moreover, since they needed to raise these funds quickly in order to save the onward purchase, it was also necessary that we located a lender that allowed them to complete within 3 weeks of application.


With access to every lender on the market and vast experience negotiating property finance of every kind, Private Finance’s brokers are uniquely equipped to assist with cases such as this.  Our broker eventually selected a lender who they knew to base their decision solely on the amount of equity in the property, rather than on the income of the applicants. This meant that the turnaround time for the loan application was far quicker than it would otherwise have been, and our broker was able to secure our clients a loan of the amount they required safely within the timeframe in which they required it. Additionally, the loan that our broker was able to locate came with no early repayment charges, meaning that our clients were free to repay the loan as soon as the sale of their main residence had gone through.

Lending Facility

We were eventually able to secure our clients a 12-month bridging loan worth £1,250,000 with a rate of 0.48%. This bridging loan saved the sale of the property, and our clients have since moved into their new home.


© Private Finance Limited, 2019. Private Finance provides independent mortgage advice and arranges individual mortgage solutions for clients. Private Finance is a trading style of Private Finance Ltd, 29 Lincolns Inn Fields, London, WC2A 3EG, registered in England no. 3855776 and its Appointed Representatives. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

Private Finance Ltd is rated 4.96 stars by Reviews.co.uk based on 734 merchant reviews

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734 Reviews
The service from initial contact through to the end of the transaction was absolutely excellent in all respects, particularly ease of contact, clarity of information and certainty
Michelle Clack is an exelent broker, she help me to get a good deal when I did remortgage for my property. She is an pleasant and professional lady, always on the other end on the line when is needed. Thanks to her the mortgage was organized in a short period of time.
Always first class service. Swift and easy.
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