Client Background
Our Approach
Following a full assessment of their circumstances, we arranged a bridging facility secured against both the existing and new properties. By taking a first charge over both assets, this reduced the overall loan-to-value (LTV), strengthening the application and allowing us to negotiate favourable terms. The agreed facility was based on a collective property value of £905,000, with a total loan amount of £400,000, a lender fee of £4,000, a 12-month term, and no exit fees.
The Outcome
Following a full assessment of their circumstances, we arranged a bridging facility secured against both the existing and new properties. By taking a first charge over both assets, this reduced the overall loan-to-value (LTV), strengthening the application and allowing us to negotiate favourable terms. The agreed facility was based on a collective property value of £905,000, with a total loan amount of £400,000, a lender fee of £4,000, a 12-month term, and no exit fees.
By leveraging equity across both properties, we were able to structure a solution that provided flexibility and certainty. The 12-month term allowed sufficient time to achieve the right sale price, while the absence of exit fees ensured the facility could be redeemed as soon as their property sold, without additional cost. This case highlights the importance of working with an experienced broker who can assess the full picture, structure lending strategically, and negotiate competitive terms. Having access to specialist lenders and understanding how to present a case effectively can make a significant difference in both speed and outcome, particularly in time-sensitive transactions.
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