Our clients were a professional couple with strong incomes, both employed in senior roles within the financial and corporate sectors. They owned a high-value property in London alongside an additional investment property.
Area: London
Capital Raised: £1.56 million
Date: 2017
Our clients were a professional couple with strong incomes, both employed in senior roles within the financial and corporate sectors. They owned a high-value property in London alongside an additional investment property.
At the time of the application, the clients had already committed to purchasing a new home and had moved into the property. However, they were reliant on the sale of their existing flat in order to complete the wider transaction successfully.
The clients needed to complete the purchase of their new property quickly in order to avoid losing a substantial deposit.
Their objectives were to:
With a fixed completion deadline in place, failure to complete the purchase would have resulted in considerable financial loss and disruption.
This case presented a number of key challenges that required fast action and careful structuring.
The clients’ existing property had not yet sold, while delays with the mortgage process created further pressure against the strict completion deadline. The transaction also involved a substantial loan requirement and the need to secure funding across multiple properties.
Given the time-sensitive nature of the purchase, the clients required a lender capable of delivering a large bridging facility within a very short timeframe.
Without immediate funding, the clients risked losing both their deposit and the opportunity to secure their new home.
We arranged a tailored regulated bridging loan secured across multiple properties, designed specifically to meet the clients’ short-term funding requirements.
The funding solution included:
The agreed exit strategy was through the sale of the clients’ existing property alongside a longer-term refinance arrangement.
Given the tight completion deadline, proactive management and efficient communication were essential throughout the process.
We carried out a full assessment of the clients’ financial position and available equity before structuring the multi-property security arrangement. We then sourced a lender capable of completing the transaction quickly while accommodating the complexities involved.
The loan structure was carefully aligned with the clients’ exit strategy, while the application process was managed closely from start to finish to ensure deadlines were met.
Through clear communication between all parties, including solicitors, valuers, and the lender, we ensured the transaction progressed smoothly and without unnecessary delays.
The bridging loan completed successfully, allowing the clients to complete the purchase of their new home within the required timeframe.
As a result, the clients were able to:
Conclusion:
This case highlights how bridging finance can provide a fast and flexible solution when timing issues arise within property transactions.
With the right lender relationships and strategic approach, bridging finance can help clients complete important transactions confidently, even under significant time pressure.
