5 illustrative situations for chain-break bridging, with preparation questions and considerations. These are not actual client cases or promised outcomes.
These examples explain situations worth discussing. They are not records of actual clients, approvals, quotations or completed transactions. Any outcome would depend on an individual assessment.
A homeowner's sale has stalled, but an onward purchase is progressing. The bridging proposal must reflect a credible sale exit.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A move has an unavoidable timing mismatch. Costs and the period of overlap need assessment.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A homeowner is relying on proceeds that are not yet agreed. The funding plan needs a realistic valuation and contingency.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A short-term finance borrower is considering chain-break bridging. The brief includes current sale progress and asking price and a separate question about both property and mortgage details. The borrowing needs to cover the required purchase funds after costs and any redemptions. The evidence and the decision need to be considered together rather than in isolation.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
A short-term finance borrower is preparing for chain-break bridging, but the information about onward purchase deadline changes while a question about cash reserve and fallback plan remains unresolved. The earlier outline is updated, the original focus is reconsidered and the next step is agreed using the current facts.
The aim is to identify the questions and evidence that matter before making a commitment. A short outline is enough to begin; detailed records can follow through an agreed secure route.
The borrowing needs to cover the required purchase funds after costs and any redemptions. Sale price, marketing progress and existing mortgages all matter. We discuss what happens if the first offer falls through or the eventual price is lower.