Purchase of Property Abroad
Posted: 29/02/2016 / 14:42
Posted by: Donna Wells
We were approached by a well known broker that needed to help their client, a couple, buy their dream home in Spain. The couple needed to raise £300,000 to complete the purchase, and this was raised against their unencumbered property in the UK that was on the market for sale.
F4B arranged a bridging facility that gave them enough money to purchase the property, and a little extra to cover the payments on their bridging loan. The happy couple purchased their home in Spain and did not have to worry about the monthly payments for the bridging loan as they were already taken care of. They sold their house in England a few months later, repaid the bridging loan and retired to Spain.