Regulated Bridging Loan – Divorce legal costs
Divorce is sadly a common event in the UK and whilst it is hoped people can separate amicably, often things cannot be resolved and solicitors are required to manage the separation. In some cases one side may not be able to fund their legal costs, despite having a very valid claim to their proportion of the matrimonial assets.
In those circumstances, we can provide a regulated bridging loan to pay for legal fees already incurred or likely to be incurred. The loan can be repaid when the final settlement of the divorce is completed. We have particular experience in supporting high value divorces where one party is very wealthy to ensure funds are provided to ensure a fair outcome.
Key Features of a Regulated Bridging Loan:
- Loans from £25,000 to £10,000,000
- Loan to value up to 70% (100% with additional security)
- Secured on Residential Property
- No monthly payments
- No income or affordability assessment
- No exit fees
- Repay in full or in-part at anytime without any penalty
- 12 month term
- Receive funds quickly, usually in weeks and sometimes in days
Contact us
About us
First Select Bridging Loans are friendly and professional FCA regulated mortgage brokers. We can access mortgages from the whole of the UK mortgage market, meaning we can get the best possible deal for our clients circumstances. Based in Manchester, we are a family business with decades of experience in financial services. Our goal is to be the most trusted regional mortgage advisory business in the northwest of England.
Our team of experts are ready and waiting to help. Contact the team below:
Phone: 0161 393 1575 // 07780 446 937
Email: hello@firstselectfs.co.uk
