Our client was a single applicant based in London, working as an Internet Radio DJ with approximately 10 years of experience within his field.
Area: London
Capital Raised: £524k
Date: 2018
Our client was a single applicant based in London, working as an Internet Radio DJ with approximately 10 years of experience within his field.
He owned a six-bedroom detached property valued at approximately £580,000, which had previously been his main residence and was now operated as a buy-to-let investment property. In addition, the client also owned a second property valued at approximately £850,000, providing a strong overall asset position despite relatively modest declared income.
The client required urgent funding to refinance existing borrowing while also releasing additional capital to support his business activities.
His objectives were:
The urgency of the transaction was driven by the fact that the existing mortgage was due to expire in July, while the second charge bridging loan was expiring even sooner in June.
The client therefore required a fast and flexible refinance solution capable of addressing multiple liabilities while also releasing additional capital.
This case involved several layers of complexity that required careful structuring and specialist lender selection.
The transaction involved multiple existing liabilities, including both a first charge mortgage and second charge bridging facility, all of which needed to be consolidated into a single solution. In addition, the client required a substantial capital raise of approximately £200,000 alongside the refinance.
The case was also highly time-sensitive due to the imminent expiry dates on the existing facilities, while the client’s declared income of approximately £18,000 per annum limited the availability of traditional mortgage solutions.
The proposed exit strategy relied on the future sale of a property already on the market, meaning the lender needed to focus more heavily on asset value and exit strategy rather than income alone.
We arranged a tailored regulated bridging loan designed specifically to refinance the existing liabilities and release additional business capital efficiently.
The funding solution included:
The overall security position included:
The selected lender offered the most competitive and flexible solution for this complex and time-sensitive transaction.
Given the urgency and complexity of the case, proactive management and strategic structuring were essential throughout the process.
We carried out a detailed assessment of the client’s overall asset position across both properties before structuring a facility that consolidated existing debts and incorporated the required business capital raise.
Rather than focusing solely on income, the transaction was structured around the strength of the client’s asset base and the viability of the proposed exit strategy via a property sale. A suitable lender was then sourced that could accommodate the complexity of the structure while delivering funding within the required timeframe.
Throughout the process, communication among all parties was closely managed to ensure the refinance was completed efficiently and without unnecessary delays.
The bridging loan was completed successfully, enabling the client to refinance both the expiring mortgage and the second-charge bridging loan while also securing additional business capital.
As a result, the client was able to:
Conclusion:
This case highlights how bridging finance can provide effective solutions for complex, time-sensitive refinance scenarios, even where traditional lenders are unable to assist due to income profile or borrowing structure.
By focusing on asset value and exit strategy, bridging lenders can deliver flexible funding solutions that help clients stabilise existing borrowing while creating opportunities for future business growth.
