Our client was a self-employed individual who owned a residential leasehold property valued at approximately £800,000.
Capital Raised: £428k
Date: 2018
Our client was a self-employed individual who owned a residential leasehold property valued at approximately £800,000.
She had recently completed refurbishment works on the property in preparation for a future sale, forming part of a longer-term plan to downsize and relocate. The client therefore required a flexible short-term funding solution that would support both the refinance of existing borrowing and her upcoming move.
The client needed to refinance an existing bridging loan while also raising additional funds to support her relocation plans.
Her objectives were:
The client required a fast and flexible refinance solution that would provide additional liquidity while giving her time to complete the sale process properly.
This case involved several important considerations that required careful lender selection and efficient case management.
The transaction centred around the refinance of an existing bridge facility alongside a request for additional borrowing. The client also had an adverse credit history, which limited the availability of traditional lending options.
In addition, the case was time-sensitive due to the client’s planned relocation into rented accommodation, while the proposed exit strategy relied on the future sale of the property.
The client therefore required a lender comfortable with short-term refinancing, adverse credit circumstances, and a property-sale-based exit strategy.
We arranged a tailored regulated bridging loan designed specifically around the client’s refinance and relocation requirements.
The funding solution included:
The structure enabled the client to refinance the existing bridge facility while also accessing the additional funds required to move forward with her relocation plans.
Given the time-sensitive nature of the case, proactive management and efficient communication were essential throughout the transaction.
We carried out a detailed assessment of the client’s existing borrowing, property position, and proposed exit strategy before structuring a suitable refinance facility. A lender was then sourced that could accommodate the adverse credit profile while also providing the flexibility required for the additional borrowing.
The loan was aligned carefully with the planned property sale, while the process was managed closely from application through to completion to ensure funding was delivered within the required timeframe.
This approach allowed the client to progress with her relocation plans while maintaining control over the sale of the property.
The bridging loan completed successfully, enabling the client to refinance the existing facility and access additional funds for her relocation.
As a result, the client was able to:
Conclusion:
This case highlights how bridging finance can provide flexible short-term funding solutions even in more complex situations involving refinance requirements and adverse credit.
With the right lender relationships and strategic structuring, bridging finance can help clients manage transitional periods while retaining flexibility and control over their property assets.
