£875k Residential Bridging Loan to Facilitate Downsizing Purchase Before Property Sale

An £875k residential bridging loan enabled a client to secure a downsizing property purchase before the sale of their existing family home had completed.

The client had identified a high-quality apartment in a prime residential development that aligned with their long-term lifestyle plans. However, although their current property was under offer, delays within the onward chain created uncertainty around completion timings.

The vendor of the new property required exchange and completion within a fixed timeframe, meaning the client risked losing the opportunity if alternative funding could not be arranged quickly. A residential bridging facility provided the certainty needed to proceed while the sale of the existing property continued.

Key Details

• Client: Private individual
• Challenge: Complete purchase ahead of delayed residential sale
• Loan Amount: £875k

The client required immediate access to capital to secure the new property while preserving flexibility during the transition period between properties. Avoiding disruption to the planned move was a key priority.

Global Bridging Finance arranged an £875k residential bridging loan, secured against the client’s existing residential property together with the newly acquired apartment. The facility was structured over a 9-month term, with retained interest incorporated to minimise short-term servicing commitments during the bridging period.

This structure enabled the client to complete the acquisition within the required timeframe while maintaining flexibility for the eventual sale of the original property. The lender’s assessment focused on combined asset quality, available equity, borrower profile, and a clearly defined exit strategy, allowing the facility to proceed efficiently.

The client’s exit strategy involved repayment of the bridging facility upon completion of the existing property sale. A secondary exit option included refinancing onto a longer-term residential mortgage secured against the new apartment if required.

The residential bridging loan enabled the client to complete their planned move without delay while maintaining control over the timing of their existing property sale.

This case demonstrates how residential bridging finance can provide flexibility and certainty for borrowers navigating transitional property purchases and chain delays.