Hi,
A good friend has identified a home she wishes to purchase. She has admired this property for a long time and has heart set on it. Downsizing scenario as her children have "flown the nest". She will sell existing home, which is worth c. €100,000 more than the smaller property she wishes to buy. Problem is... how to raise funding of c. €200,000 over a term of maximum 6-12 months?? Pending sale of her existing PDH. Any suggestions out there? I know the Banks wont look at Bridging loans.
Thank you all.
A good friend has identified a home she wishes to purchase. She has admired this property for a long time and has heart set on it. Downsizing scenario as her children have "flown the nest". She will sell existing home, which is worth c. €100,000 more than the smaller property she wishes to buy. Problem is... how to raise funding of c. €200,000 over a term of maximum 6-12 months?? Pending sale of her existing PDH. Any suggestions out there? I know the Banks wont look at Bridging loans.
Thank you all.