Case Studies

Bridging Loans and short term finance for individuals

• A client approached us wishing to buy out their former partner as they did not want to sell the property immediately. They had approached their existing lender who had refused assistance as the borrower had recently changed jobs. We were able to assist and provided funding of £895,000 until the borrower completed his probationary period and the original lender repaid the loan.
• We received an urgent call from a customer who was under severe pressure from creditors. They had tried to raise finance from their bank and existing mortgage provider, both to no avail. We were able to offer a short term bridging loan which provided time to receive other funds that were anticipated and so preserve our borrower's good credit position.

Fast bridging loans for brokers and intermediaries

• We received a call from a broker who had not previously used us. Their client had already exchanged on a property with completion deferred for 10 days. An offer letter for the advance had previously been issued by another lender, but had been withdrawn without any satisfactory reason being given. The client had already paid 10% (£200,000) and faced the risk of losing the deposit and the property. We were able to assist with a bridging loan of £1.5 million and a short term development loan of £300,000.
• A broker that we had known for many years contacted us requiring a fast bridging loan. Their client owned a substantial property and had started a complete refurbishment programme. The property had been taken back to a shell with works ongoing. The existing lender reduced the works budget following a review of the file. This left the client with contractors requiring payment and the client unable to continue with the works. We were able to help with short term development finance for £3.2 million enabling the client to finish the works and sell the property on completion.

Loans for Property Development

• A developer approached us requiring finance to purchase two derelict cottages and refurbish both for onward sale. The properties were well located with planning permission granted. As a consequence the properties were hotly contested and speed was essential. We were able to help with the purchase and subsequent property development loan for £1.85 million.
• We received a request for a short term loan to assist with the acquisition and refurbishment of a ground floor apartment in Mayfair, London. The client intended to complete the project in a six month timescale and refinance once works were completed and the uplifted value had been confirmed. We were able to assist with a loan of £4.2 million within seven days and a commitment to fund 100% of the works.