£2.4 Million Residential Bridging Loan for Property Purchase

Client: UK National & Resident
Property Value: Circa £3,500,000
Loan Amount: Approximately £2,400,000
Category: Residential Bridging Loan

Global Bridging Finance was approached by a high-net-worth individual seeking a short-term residential bridging loan to secure a new family home in the South East of England. The client’s existing property was under offer but not yet sold, creating a short-term liquidity gap that risked delaying or jeopardising the purchase of their new residence.

With limited time before the agreed completion date, the client required a fast and flexible solution to complete the transaction and then refinance once the sale of their existing property was concluded.

The Solution

After understanding the client’s financial position and property portfolio, Global Bridging Finance sourced a regulated residential bridging loan with a loan-to-value (LTV) ratio of around 70%, secured against the new purchase property.

To meet the tight deadline, our team coordinated with the lender’s underwriting and legal teams to ensure rapid valuation and legal review. By leveraging strong relationships with specialist lenders, we were able to secure terms within 48 hours of enquiry and ensure all due diligence was completed efficiently.

The client’s loan was structured on an interest-only basis, allowing manageable short-term repayments until the sale of their existing home was completed. Once that transaction is finalised, the client plans to redeem the bridge and refinance onto a standard residential mortgage.

Outcome

The bridging loan was completed within three weeks, enabling the client to complete their property purchase on time and avoid losing their dream home. The client praised the efficiency, communication, and professionalism of the Global Bridging Finance team for delivering under pressure.