Bridge Secured Despite Complex Estate Inheritance Issues


Crystal Specialist Finance (CSF) used all their expertise to overcome a myriad of inheritance issues and secure a second charge bridge for a client needing finance for light refurbishment and moving costs.

The applicant’s father recently passed away and she took state administration of his estate, but the property she had inherited did not have her name against the land registry and probate was yet to commence.

Though the client could provide a copy of will, CSF requested to make direct contact with the solicitor who ultimately confirmed her as sole beneficiary and provided the additional assurance of having the property assented if required.

Wishing to upgrade the subject property and then be mortgage free once she had settled in and sold her existing home, CSF proposed a bridge as compared to equity release as this would allow the applicant to move into her father’s property while the other was sold. A £60k facility was secured with Precise Mortgages.

Jo Breeden, managing director at CSF, said: “This is another great case of bridging finance proving itself to be a solutions provider, but what is particularly pleasing is the Crystal team assessing the legal situation and formulating the application so the lender could make a quick and easy decision.”

Alan Cleary, group managing director at Precise Mortgages, added: “We’re pleased that we were able to assist the team at Crystal to deliver the outcome needed for their applicant. It’s a great example of working together with our partners to deliver the specialist solutions needed by customers.”

CSF operates across six specialist divisions: Bridging, Buy to Let Mortgages, Commercial, Development Finance, Second Charge Loans and Specialist Residential.

The multi award-winning business works with brokers across the whole of the UK and has access to over 100 lenders, which incorporates exclusive product lines and lenders with an extremely limited distribution.