Residential Bridging Loan Secured to Complete Time-Sensitive Purchase

A private client approached Global Bridging Finance after finding a substantial detached property in Hampshire valued at circa £1.35 million. The property had attracted strong interest, and the vendor required an exchange within 14 days with completion shortly thereafter.

The client had already accepted an offer on their existing residence; however, the sale was progressing more slowly than anticipated due to delays within the onward chain. Waiting for the sale to conclude would have resulted in losing the new property entirely.

Traditional lenders were unable to meet the required timeframe due to underwriting processes and the need for the client’s property sale to be completed first. The client, therefore, required a Residential Bridging Loan that would allow them to proceed immediately while maintaining flexibility on exit timing.

We structured a £575,000 first charge residential bridging facility at approximately 43% loan-to-value against the new property. The loan was arranged on an interest-retained basis over a 9-month term, providing breathing space for the sale of the client’s existing home to be completed.

Due to the time-sensitive nature of the transaction, we worked closely with valuers and solicitors to ensure swift progression. The loan is completed within 12 working days from formal instruction, allowing the client to secure the property ahead of competing buyers.

The agreed exit strategy was the sale of the client’s previous residence, which was already under offer. The bridging facility ensured continuity of purchase without financial pressure or the need to reduce negotiating leverage.

This case demonstrates how Residential Bridging Loans can provide decisive funding for private individuals facing chain delays, competitive purchase environments, or strict vendor deadlines, enabling clients to act with confidence and certainty in the prime residential market.