Our clients were a separated couple who jointly owned a substantial residential property in Kent. Following a significant change in personal circumstances, one of the clients needed to relocate quickly and purchase a new home in Wales.
Our clients were a separated couple who jointly owned a substantial residential property in Kent. Following a significant change in personal circumstances, one of the clients needed to relocate quickly and purchase a new home in Wales.
Although the existing property remained jointly owned, both parties were cooperative and committed to finding a financial solution that would allow the transition to take place as smoothly as possible.
The objective was to raise capital against the existing property in order to facilitate the purchase of a new home.
The clients were looking to:
With the purchase timeline already in motion, the clients required a flexible funding solution that could be arranged efficiently and without unnecessary complications.
This case involved a number of complexities that required careful handling and clear communication throughout the process.
The transaction centred around a separation scenario, meaning cooperation between both parties was essential in order to progress the application successfully. In addition, the clients were working against a time-sensitive property purchase while managing an existing mortgage balance of approximately £217,856.
The structure also required additional borrowing to fund the purchase and associated costs, creating a more complex refinancing and capital-raising arrangement.
Without a suitable bridging solution, the clients risked delays to the purchase and increased pressure during an already challenging personal situation.
We arranged a tailored, regulated bridging loan secured against the existing jointly owned property.
The funding solution included:
The agreed exit strategy was repayment through the sale of the existing home, with refinancing available as a contingency option if required.
Given the personal circumstances involved, the case required sensitive handling alongside efficient case management.
We coordinated closely with both parties throughout the transaction while assessing the available equity and structuring the borrowing appropriately. A suitable lender was then sourced to support the clients’ requirements and the non-standard nature of the case.
The facility was aligned carefully with the planned exit strategy, while the process was managed proactively to ensure the property purchase could proceed within the required timescales.
Clear communication between all parties helped ensure the transaction progressed smoothly from application through to completion.
The bridging loan completed successfully, allowing the client to purchase a new home in Wales and relocate without delay.
As a result, the clients were able to:
Conclusion:
This case highlights how bridging finance can provide flexibility, speed, and stability during complex personal situations such as separation and relocation.
With the right support and lender relationships, bridging finance can help clients move forward confidently while maintaining greater control over their property decisions.
The relationships we build with our customers are incredibly important to us. Hear what they have to say, and learn why people across the UK rely on Rapid Bridging time and time again.
“We actually never thought it would happen because on paper it looked like it was impossible. We tried almost everything and eventually, it was Andrew and Rapid Bridging that was able to help us solve the issue.”
“Without Andrew, I’m pretty sure we wouldn’t be able to finance this development so easily.”
“Andrew sorted all our problems out. He sorted every little thing that we needed to be done… seems to just close every door and sort everything out for us.”
“Without Andrew’s help, the trust would have gone into
liquidation and lost everything — and I mean everything.”
“We were unable to get a loan anywhere. Nobody would fund building the house. We then approached Andrew who was unbelievably helpful. He was the only person who would even entertain the idea of trying to help”.
“Andrews nature and experience allowed for him to cut through some problems that we found with the other professionals. IE the solicitors and the banks”.
“Without Andrew, I would’ve lost the property. This would’ve caused no end of issues not just personally but for my business as well. Without Andrew and services, I would’ve lost everything”.
