Precise Mortgages has completed a £900,000 bridging loan secured against two Grade II listed properties in London.
Precise Mortgages has completed a £900,000 bridging loan secured against two Grade II listed properties in London. The loan was arranged by broker Yomo Finance and will be repaid from the sale proceeds of the clients' existing London properties.
The financing enabled the clients to purchase an £800,000 property in Sussex before selling their existing assets.
Why this matters: This case highlights the use of bridging finance in competitive property markets where buyers face pressure to complete quickly.
What this means for you: If you're considering purchasing a new home, this case shows how bridging finance can be used to navigate timing gaps between purchases and sales.
Join thousands of readers getting the best of British news straight to their inbox.