£1,000,000 residential bridging loan – large detached property with land and outbuildings in Cambridge

Funded:

£1,000,000

Location:

South East

Property Type:

Residential

Funding:

Bridging Loan

The Project

The re-finance of a large 3-bedroom detached property with land and outbuildings in Cambridge.

The Approach

The borrower had come to the end of their term on the existing mortgage. The property needed minor refurbishments to modernise the property to obtain the highest rental possible.

The Outcome

Utilising an existing valuation report we released funds quickly to ensure that the borrower didn’t incur any additional fees by going over term on the existing mortgage. With a net release of just over £1,000,000 we have ensured that the borrower now has the funds and time to complete the refurbishment.

Bridging Loans – Key Features

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  • Fast Decisions: Initial responses typically delivered within hours—perfect for time-sensitive situations like auction purchases.
  • Loan Size: £100,000 – £2.5 million.
  • Loan-to-Value (LTV): Up to 75% of the end value (Gross Development Value or market value), with flexibility available on a case-by-case basis.
  • Desktop valuations are available
  • Term: Usually up to 12 months, but occasionally longer if LTV can support it.
  • Interest Roll-Up: Interest can be “rolled up” and repaid at exit, easing cash-flow pressure during the loan term.
  • Interest Serviced: Interest can also be “serviced” allowing a larger day 1 cash drawdown (subject to serviceability).
  • Exit Strategy Required: Clear repayment strategy—such as sale or refinance—must be established at the outset.
  • Security: First legal charge on the property is required.
  • Transparent Costs: Arrangement fees typically start at 1%. No early repayment or exit fees, and no hidden admin charges.
  • Unregulated Product: these Bridging loans are not FCA-regulated, they are not available for owner-occupied residential properties.
Learn more about our Bridging Loans

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