Bridging Finance to help fund purchase of sheltered housing.
Great example of what Bridging finance can achieve.
Elderly couple needed to move quickly to secure the purchase in a popular sheltered housing accommodation and had not sold their residential property.
Thier mortgage broker contacted us and we quickly contacted Masthaven Finance to arrange a 9 month £150,000 Regulated Bridging facility and clients were able to make their purchase offer. The introducing broker made £1500 for passing the case to us.
The couple were delighted that they were able to move in to their new home immediately and were able to maximise the full value of their residential property without having to go through a potentially stressful time wondering if their property would sell in time.
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