Bridging Loan To pay Mother's Care Home Fees In Devon

The Scenario

Our client, who owned a property worth £300,000, needed to pay her mother’s care home costs.

The client received a care home invoice for £50,000, which required urgent payment.

Our client intended to sell her house to downsize and pay for her mother’s care home costs.

Unfortunately, her property was not selling fast enough, and her mother’s care home charged interest on the outstanding fees.

Our Solution

We recognised the need for an efficient service and wanted to ensure that the client could pay her mother’s care home fees.

We arranged short term bridging loan for the client. We could secure the capital against her existing residential property within 11 working days. This allowed the client to pay off the care home fees and avoid accepting a reduced offer on her residential property.

In a similar situation? Call our bridging loan team on 0117 959 5094 or use our bridging loan calculator to get an indicative quote