Our clients were based in London, with one applicant residing in full-time nursing care and the second applicant assisting with the management of their affairs.
Area: London
Capital Raised: £975.8k
Date: 2019
Our clients were based in London, with one applicant residing in full-time nursing care and the second applicant assisting with the management of their affairs.
The primary client had recently suffered a serious health event and had moved into long-term care, while retaining ownership of a refurbished residential property valued at approximately £2 million.
The property had undergone extensive refurbishment works, with only minor finishing items remaining before being fully marketed for sale.
The clients required funding to refinance existing borrowing while also covering substantial ongoing care costs.
Their objectives were to:
The clients required urgent funding to maintain financial stability while the property sale process progressed.
This case involved several important complexities that required the selection of a specialist lender and sensitive handling.
The transaction centred around refinancing an existing bridging facility while simultaneously releasing additional funds to cover ongoing care costs.
The case also involved significant health considerations, a high loan requirement, and a repayment strategy that relied entirely on the future sale of the property.
Traditional lenders were unsuitable due to the clients’ circumstances, the urgency of the funding requirement, and the non-income-based nature of the borrowing.
We arranged a tailored regulated bridging loan designed specifically to refinance the existing borrowing and release additional capital for care costs.
The funding solution included:
The structure enabled the clients to refinance their existing borrowing while ensuring sufficient liquidity to cover ongoing care expenses during the sale period.
This case required a careful and highly responsive approach throughout the transaction.
We carried out a detailed assessment of the clients’ financial position, health circumstances, and proposed exit strategy before structuring a bridging facility aligned to the planned property sale.
A suitable lender was sourced that could accommodate regulated bridging in sensitive personal circumstances while also supporting a large loan requirement and time-sensitive refinance.
Throughout the process, communication between all parties was managed proactively and sensitively, including working closely with the client’s representatives to ensure the funding completed efficiently and without unnecessary delays.
The bridging loan completed successfully, enabling the clients to refinance the existing borrowing and secure funding for ongoing care costs.
As a result, the clients were able to:
Conclusion:
This case highlights how bridging finance can provide effective solutions for clients facing complex personal and financial circumstances where traditional lenders may be unable to assist.
By focusing on asset value and exit strategy, bridging lenders can help clients access funding quickly and flexibly during sensitive life transitions.