£2.8M Residential Bridging Loan to Secure a Prime London Apartment

Client: UK National and Resident
Property Value: Approximately £4,000,000
Loan Amount: Circa £2,800,000
Loan Type: Residential Bridging Loan

The Scenario

Global Bridging Finance was approached by a client who needed urgent funding to complete the purchase of a prime London apartment. The property had been sourced off-market at a significant discount, but the vendor required an extremely fast completion, giving the client only three weeks to arrange finance.

The client had strong assets but limited liquidity, as capital was tied up in other investments. The priority was to secure a residential bridging facility that would cover a 70% loan-to-value (LTV) and provide sufficient funds to complete the project without delay.

The Solution

We identified a specialist residential bridging lender that offers flexibility to underwrite quickly and work within a compressed timeframe. Indicative terms were presented to the client within 24 hours of the initial enquiry.

The facility was structured as a first-charge residential bridging loan, secured against the new property. Valuations and legals were expedited through Global Bridging Finance’s trusted panel, ensuring all parties worked to the same tight schedule.

The lender provided circa £2.8 million at 70% LTV, enabling the client to proceed with confidence and complete the transaction within the vendor’s required timeframe.

The Outcome

Thanks to our market expertise and strong lender relationships, the client successfully acquired the property at below-market value and avoided the risk of losing a highly desirable asset. The bridging loan provided the flexibility to refinance onto a long-term residential mortgage once other assets were liquidated.