£500,000 Bridging Loan for an Apartment in London

Our client, a high-achieving executive at a global company, reached out to us with an exciting opportunity. They had found their dream apartment in one of London's newest and most desirable developments, valued at c.£1.5 million. With plans to sell a second property on the continent, they needed some short-term funding to make the purchase happen while waiting for the sale to go through.

Being a European citizen with UK residency, our client had a strong financial background and plenty of experience in property. However, this time, they needed a bit of help to navigate the complexities of cross-border finance.

The Challenge

Even with their impressive income and assets, our client faced a few obstacles in getting the necessary financing. Here's what made the situation a bit tricky:

• The International Angle: With assets spread across different countries, we had to navigate the maze of legal and financial rules that come with cross-border transactions. Not every lender is equipped to handle this kind of complexity, and it was our job to find one who could
• High Property Value: The £1.5 million price tag on this new build meant that an above-average loan was needed, which can be a challenge when looking for the best rates and terms
• Time Pressure: London's property market moves fast. Our client needed to act quickly to secure the apartment, which meant there wasn't much time to shop around or deal with delays

How We Made It Happen

We knew that time was of the essence, so we got to work straight away. Here's how we made the process as smooth as possible:

1. Finding the Right Lender: We tapped into our extensive network of lending partners who specialise in bridging finance, particularly for international clients. This ensured that we found a lender who understood the nuances of our client's situation
2. Making the Case: We put together a clear and compelling financial picture, showcasing the client's strong income, existing assets, and the fact that the proceeds from their overseas property sale would soon be on their way. This helped the lender feel confident in providing the loan offer
3. Speeding Things Up: Knowing that time was critical, we worked closely with everyone involved to make sure the application was processed quickly and efficiently. Our experience in dealing with similar cases meant we could cut through any red tape and keep things moving

The Outcome

Thanks to our efforts, we were able to secure a bridging loan offer for our client, allowing them to proceed to the next stage of their purchase.

This case is a great example of how we can navigate complex, cross-border financial situations and deliver tailored solutions. It's all about using our expertise and connections to help clients achieve their property goals – quickly, confidently, and without the stress.