Relocating Employee Needs Simultaneous Completion in Edinburgh
£335,000 · 5 months · 0.79% pm. A senior executive relocating from London to Edinburgh needed to purchase his new home before his London property was listed.
The Client
Senior executive
The Challenge
A senior executive relocating from London to Edinburgh needed to purchase his new home before his London property was listed. His employer's relocation package covered the bridge cost but required speed - a moving date was fixed contractually.
Our Solution
Doulton turned around a £335,000 first charge bridge in six working days, co-ordinating with Scottish solicitors to meet the fixed completion date. Interest was retained within the facility.
The Outcome
Relocation completed on schedule. London property listed and sold within ten weeks, repaying the bridge with three months still remaining. Key highlights: Six-day turnaround to meet fixed moving date; Scottish legal process navigated successfully; Bridge cost covered by employer relocation package.