The provider of retirement villages believes that this partnership is the first time that such an operator has collaborated to offer this type of financing agreement.
Under the partnership, customers who are awaiting the sale of their home – and need to sell before moving – will now be able to use a bridging loan to speed up their move into either an Audley Villages or Mayfield Villages property.
This will be different to the normal terms of a bridging loan, where the borrower is required to remain in the property.
The structures of both Audley Group and Knight Frank Finance will mean that customers will be able to move to a village and take advantage of the facilities immediately.
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“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,” said Kevin Shaw, managing director at Audley Group (pictured above).
The retirement housing provider will take no fee for introducing anyone to Knight Frank Finance, which has access to over 180 financial providers.
“We are delighted to be partnering with Audley,” said Simon Gammon, managing partner at Knight Frank Finance.
“We both share an unstinting desire to provide our customers [with] the best possible solutions, and the teams are very much looking forward to working together.”