Problem
- High-net-worth borrower looking to secure a luxury home in the South East of England
- The vendor offered a discount, contingent on completion within one month
- Needed a fast, flexible financing solution to meet the tight deadline
Solution
Selected a lender specialising in regulated bridging finance with expertise in high-value properties. Their ability to move swiftly was crucial to ensuring the transaction met the vendor's deadline.
Fast-track execution:
- The lender immediately instructed a valuation survey and legal review
- Expedited the underwriting process to prevent delays
- Ensured the loan terms aligned with the borrower's exit strategy
Exit strategy: The borrower planned to repay the bridging loan by completing and selling a development project. Our financing solution ensured they had the necessary flexibility to align the repayment with their sales timeline.
Outcome
- Successfully completed the property purchase within the one-month deadline
- Borrower moved into their dream home without financial constraints
- Completed and sold their development properties above the asking price, exceeding initial valuation expectations
Key Lesson
A vendor offering a discount for speed is a classic bridging use case. The exit strategy (development sale proceeds) was clear, making lender confidence straightforward. The borrower secured both the discount on the purchase and above-asking on the exit — value created at both ends of the transaction.
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More case studies
£2.4m London refinance & purchase · Remortgage of a Grade I & II listed home · Using a bridge to avoid loss of funds