Bridging Loan to refinance current Lender, enabling additional time to finalise a long term BTL mortgage

Funded:

£415,000

Property Type:

Commercial

Funding:

Bridging Loan

The Project

The Client required a Bridging Loan to refinance their current Lender, to enable them to gain additional time to finalise a long term BTL mortgage.

The Approach

Following the valuation of the proposed security, we offered the Borrower a Gross Loan amount of £412,600 allowing a day one release of £359,000 (LTV 65%) achieving a LTGDV of 75% over a 12-month period.

The Outcome

Our Loan Facility gave the client the comfort of having a further 12 months, to secure a long-term exit.

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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