Our client was a single applicant based in London who owned a four-bedroom semi-detached property valued at approximately £645,000.
Area: London
Capital Raised: £398k
Date: 2018
Our client was a single applicant based in London who owned a four-bedroom semi-detached property valued at approximately £645,000.
Following a separation, the property had recently been transferred into her sole name, although the existing mortgage remained in the name of her ex-partner. At the time of the application, the client was not working and was receiving income through disability living allowance, resulting in a limited income profile.
The client therefore required a specialist funding solution capable of resolving the existing mortgage position while also supporting her future plans for the property.
The client required funding to refinance her existing mortgage and release additional capital to improve her living arrangements.
Her objectives were:
The refinance was essential in order to fully resolve the ownership and mortgage position following a difficult personal situation.
This case involved several complexities that required a sensitive and carefully structured approach.
The transaction centred on a separation scenario in which the existing mortgage remained linked to the client’s ex-partner. In addition, the client required additional capital for property improvements while operating on a limited income and with an adverse credit history.
The case was also highly sensitive and time-sensitive, requiring a lender capable of assessing the wider circumstances rather than relying solely on traditional affordability criteria.
Traditional mortgage options were unsuitable due to the combination of income limitations, adverse credit, and the complexity of the ownership position.
We arranged a tailored regulated bridging loan designed specifically to refinance the existing mortgage and release additional funds for the planned property improvements.
The funding solution included:
The selected lender provided the most suitable solution for the client’s circumstances and the urgency of the transaction.
Given the sensitive nature of the case, proactive communication and careful case management were essential throughout the process.
We carried out a detailed assessment of the client’s personal circumstances, financial position, and future plans for the property before structuring a bridging facility that would both refinance the existing mortgage and release additional capital.
A suitable lender was sourced that was comfortable with the adverse credit profile, limited income position, and separation-related complexities involved. The facility was then carefully aligned with the proposed exit strategy through the future sale of the property.
Throughout the transaction, communication among all parties was closely managed to ensure the refinance was completed efficiently and without unnecessary stress for the client.
The bridging loan completed successfully, enabling the client to refinance the existing mortgage and fully separate her finances from her ex-partner.
As a result, the client was able to:
Conclusion:
This case highlights how bridging finance can provide effective solutions in complex and sensitive personal situations, particularly following separation or divorce.
By focusing on property value and exit strategy rather than conventional affordability alone, specialist lenders can help clients resolve difficult financial situations while creating a pathway toward greater stability and improved living conditions.
