The Challenge
Our clients were looking to sell their residential property but had already found their new dream home before their existing one had been sold.
They didn’t want to risk losing the new house whilst waiting to sell their current home, so came to Acorn for advice.
The Solution
We offered to lend funds in order for them to purchase their new property whilst they waited to finalise the sale of their existing one. This was done on a short term, interest only basis and secured against the existing property.
By structuring this as an interest only facility we were able to minimise monthly costs, allowing the clients to free up as much of their own funds as possible to assist with the house move.
The Outcome
Acorn’s loan was repaid upon the sale of the existing property. The clients were able to purchase their dream home without the worry of coinciding the purchase with the sale of their existing property.
What the clients say
“Having been let down by an unreliable purchaser when selling our home we wanted to secure financing to allow us to separate the sale of our current home from the purchase of our new one. Acorn as a provider were highly responsive, all decisions were made locally and within very quick time frames. We have now been able to acquire and move to our new home without the stresses of having to build a transaction chain for a single court sitting. Thank you to the team at Acorn!”
Let us help you
Here at Acorn, we can provide solutions to all your financial needs. As an independent lender, you could have the money you need within 24 hours. Get in touch with us today or call us on 01534 618628