£4.2M Residential Bridging Loan for Prime London Purchase

• Client: HNW UK Resident
• Property Value: Circa £6.5M
• Loan Amount: Approximately £4.2M
• Type: Residential Bridging Loan
• Timeframe: Completion within four weeks

Global Bridging Finance was approached by a high-net-worth client who required urgent funding to complete the acquisition of a prime central London residence. The property, purchased at a favourable price due to the seller’s need for a quick disposal, demanded fast action to secure the deal.

Traditional mortgage financing was not suitable due to the short completion deadline, so the client turned to bridging finance. Our team quickly assessed the client's existing portfolio of properties, allowing us to structure a residential bridging loan secured against both the new acquisition and an existing property. This cross-collateralisation enabled us to provide the necessary funds at a loan-to-value (LTV) ratio of around 65%.

The transaction involved several moving parts, including ensuring legal teams were aligned and valuations were completed on short notice. Thanks to our established lender relationships and expertise in managing high-value transactions, indicative terms were provided to the client within 24 hours, with credit approval following shortly thereafter.

The bridging loan provided the client with the flexibility needed to complete the purchase quickly, while allowing sufficient time to arrange long-term refinancing on more favourable terms. By acting decisively, the client secured a prestigious property at below-market value without missing the narrow acquisition window.