Fast £221k bridging loan to purchase and refurbish a 2-bed detached bungalow in Kent

The Project

Our client needed a fast bridging loan of £221,000 to purchase and refurbish a 2-bed detached bungalow in Dover, Kent, within a competitive market.

The Approach

We expedited the process with rapid assessment and streamlined underwriting working with all parties to ensure swift approval and funding. The LTV was 75% on day one, with a LTGDV of 64%. Given the reasonable build costs of £12,000, we allowed the customer to self-certify their works on a monthly basis.

The Outcome

We completed the loan quickly, enabling the client to secure the property and commence renovations immediately. Our fast and efficient service ensured the client’s project proceeded without delay.