Your client Idris Elba has come back to you after you sent the email explaining how bridging finance works. He is a little concerned if he does not sell his property in the next 6-12 months he will have a lot of interest to pay.

In this situation he has 2 choices, to pay the interest as per your last email or to move into his Mums house, rent out his new home and receive rent for it to offset the cost and then sell his old property. Once the old property is sold he can pay down the loans and move in when the rental agreement is over.

You are to draft an email below clearly explaining the choices and risks here. Advise him the lender will require a current rental agreement to demonstrate evidence of rental income. Advise him in this email what is required to proceed and to let you know which option he prefers.

Answer rating: 100% (QA)

Subject Options for Managing Bridging Finance Decision Time Dear Idris I hope this email finds you well I understand your concerns about the potential ... View the full answer