Provider of retirement villages Audley Group has agreed an introducer partnership with Knight Frank Finance to offer prospective owners bridging loans.
Customers who are awaiting the sale of their home, and need to sell to finance the purchase, will now be able to use a bridging loan to speed up their move into either an Audley Villages or Mayfield Villages property.
This is different to the normal terms of a bridging loan, where the borrower is required to remain in the property. Customers will be able to move to a village and take advantage of all the facilities and care immediately.
Kevin Shaw, managing director, Audley Group, said: “This partnership represents our commitment to helping our customers achieve their ambitions, and a brand such as Knight Frank Finance is one with which we are proud to be working.”
Simon Gammon, managing partner, Knight Frank Finance, added: “We are delighted to be partnering with Audley. We both share an unstinting desire to provide our customers the best possible solutions, and the team are very much looking forward to working together.”
“As we enter a period of potentially unprecedented political uncertainty, the strong jobs market, low borrowing rates and falling inflation are providing a degree of support but many prospective buyers and sellers are likely to sit on their hands.
“For opportunist investors and developers who are financially strong enough to ride out the current uncertainty, market conditions are about as attractive as they could be.”
Knight Frank Finance is a whole of market adviser that has access to over 180 financial providers and Audley Group will take no fee for introducing anyone to Knight Frank Finance.