Downsizing Purchase Before Sale Completes in Surrey
£410,000 · 4 months · 0.74% pm. A retired couple in Surrey had accepted an offer on their large family home but found a smaller bungalow they wanted to buy immediately.
The Client
Retired couple
The Challenge
A retired couple in Surrey had accepted an offer on their large family home but found a smaller bungalow they wanted to buy immediately. Their solicitor advised they could not legally complete both simultaneously, and the bungalow vendor would not wait.
Our Solution
Doulton provided a £410,000 bridge secured against the bungalow, enabling purchase to complete ahead of their sale. Given the low LTV and clean credit profile, rate was kept competitive and the facility structured with no monthly interest payments.
The Outcome
Clients secured the bungalow at asking price. Sale of family home completed 11 weeks later with zero complications, clearing the bridge comfortably. Key highlights: Low LTV of 55% achieved preferred pricing; Interest retained - no monthly outgoings for clients; Clean exit via confirmed property sale.