Client Background
A client sought sole ownership of a family holiday cottage in Cornwall, held since 1954. The transfer involved multiple family members, two trusts and a hard completion deadline.
Challenge
A separate bridging lender withdrew late in the process, leaving the acquisition at risk. The property was a detached coastal home with sea views in a highly sought-after location, adding pressure to secure funding quickly.
Solution
Cornerstone delivered a £500k bridging facility with:
- Credit-backed terms within 24 hours
- Close coordination with multiple solicitors and trust representatives
- Completion 10 days ahead of the deadline
Outcome & Additional Value
Cornerstone also arranged the long-term term funding to exit the bridge.
Following the successful completion, the client’s advisory team has introduced further business to the group.
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