Refinance of a newly built, end-of-terrace property in the South East of the UK

Funded:

£300,000

Location:

South East

Property Type:

Residential

Funding:

Bridging Loan

The Project

The Borrower approached us with the intension to refinance a newly built, end-of-terrace property in the South East of the UK. No further works were required as the property was already completed.

The Approach

We structured a gross loan of £300,000 with a day one release of £260,000. The loan was arranged at 51% LTV on day one and 61% LTGDV, offering a flexible and competitive solution over a 12-month term.

The Outcome

The refinancing allowed our client to utilise the equity in the property efficiently, providing the client with the financial flexibility to move forward with their future plans.

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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