Purchase Overseas Properties

Bridging finance to purchase properties overseas

Whatever the economic climate, emerging markets abroad are the ideal place to buy a bargain property. Bridging finance secured on assets in the UK can be used to quickly purchase that perfect property in the sun. Bridging loans can be used to supply the deposit, balance or even the full purchase price of the property and can be repaid using a more traditional form of finance.

Example:

You have paid a large deposit for the purchase of a property abroad. You now have difficulties raising the balance to complete the purchase. You do not have time to arrange a mortgage for the purchase property and don’t wish to be tied in to a mortgage on your UK property as an endowment policy is shortly maturing which would provide you with the required funds to immediately repay any new borrowings. We could arrange a bridging loan secured on your UK property for a few months covering the time between the required purchase date and maturity of the endowment. At this time the bridge can be repaid.