This is where we come in. Breaking property transaction chains is where bridging finance traditionally sits and was originally its core purpose. It enables everyone to relax and move forward and, believe it or not, in 3 months time your son could still be happily on his way to that new school.
This is how we can help:
- We will work out to the penny what your cashflow needs to look like
- We will assess all your assets to find the most cost effective way to repair the chain and find you the funds you need
- We will clearly show you what your costs and fees will be and fully explain what your risks and contingencies are
- We can liaise with all parties to take control
- We will act immediately and with regard for the gravity of the situation
Unlike single lenders and most mortgage brokers, we have the support of over 200 lenders and the experience of Enness Private Clients to help us come up with the best solution. For example:
- Can we convince your current lender, or another lender, to advance you more money on the purchase?
- Can we use a mainstream lender on your current property, either on a second home, let to buy, buy to let or even bridge basis?
- Will a private bank provide an all-encompassing solution to your needs?
- Can we leverage other property, assets, stocks or pensions to get you the short term liquidity you need?
If none of these quite work, or will work in time, we will find a bridging lender to help. Subject to various criteria there are usually plenty who will help in this situation. After all, it’s what most of them were created to do.
We will then work with you post-completion to unwind your position to the most effective and efficient lending terms available to you from the entire market, making sure that you don’t sit on expensive terms if you don’t need to.
If you need, or more importantly think you may need, bridging finance to break a chain, call us as early in the process as possible. The more time we have, the better our solution will be for all involved, reducing cost, stress and risk.