Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

We specialise in arranging mortgages for pensioners, lifetime mortgages and mortgages into retirement.

 

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short term borrowing

 

Do you need a short term mortgage?  

 

We often get enquiries from clients who are looking to purchase a property without having sold their existing one.

 

These are often people who have always intended to downsize or move nearer to their families but their ideal property has become available before they had intended to move.

 
HOW SHORT TERM LENDING WORKS
 
Providers of short term mortgages would normally be making funds available for a maximum of 12 to 24 months, with the mortgage being secured on either (or both) the existing property and the new property to be purchased.
 
The loan then normally being discharged in full without penalties on the sale of your existing property.
ALTERNATIVE TO BRIDGING FINANCE
 

 

Historically the only option available to this issue was bridging finance, with many people being put off by high initial set up costs and high interest rates and felt pressured by having to repay the scheme within 12 months.

 

We have have an alternative solution.​*
This scheme has qualifying criteria, so will not be suitable for every applicant.

OUR SOLUTION

We have a lender that may allow you to borrow the funds you require on an interest only basis over two years with no penalties for early redemption.

 

The interest rate and fee charged are nearer to normal Building Society mortgages and the two year term allows you to sell your existing property without time pressures.

 

Please ask for your free personalised key facts illustration.

Testimonial

 

“Extremely satisfied with the service that we received and would approach Berkley Vittoria with confidence should the need arise to seek further financial assistance in the future.”
C Hatton, Wales