- Audley Group customers now able to take advantage of bridging loans to ensure immediate move to a retirement property
- Innovative structure means homeowner can leave family house, counter to standard bridging loan terms.
Audley Group, the UK’s leading provider of retirement villages, today announces it has agreed an introducer partnership with Knight Frank Finance to offer prospective owners bridging loans. The partnership marks the first time a retirement village operator has collaborated to provide such an innovative financing agreement.
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. Audley Group and Knight Frank Finance’s innovative structures mean customers will be able to move to a village and take advantage of all the facilities and care immediately.
Knight Frank Finance is a whole of market adviser that has access to over 180 financial providers, ensuring that loans will be available at market leading rates. Audley Group will take no fee for introducing anyone to Knight Frank Finance, forming part of the value added range of services it provides to prospective customers.
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, said: “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.”