Funding required to aid the purchase of a property in London

Funded:

£90,000

Location:

South East

Property Type:

Semi-commercial

Funding:

Bridging Loan

The Project

Our client required funding to aid the purchase of property in London which contained a studio apartment and commercial units on the ground floor and an additional studio apartment to the first floor.

The Approach

With no requirement for works to be carried out on the property, we were able to swiftly proceed to valuation. The property was valued £90,000 below what was expected however we were able to work with the client on the down values and instruct our Lawyers to proceed to completion.

The Outcome

Now that the client has secured their purchase, they have the comfort of a 9-month loan term to allow them to obtain a refinance to repay our facility in full.

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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