£356K Bridging Loan for Property Purchase & Renovation in Chester

A property investor in Chester needed to quickly unlock funds from an existing property to purchase and renovate another home bought at auction.

Clifton Private Finance secured a £356,250 unregulated bridging loan at 75% LTV. This enabled the client to move ahead with their next project without waiting for their current sale to complete, keeping their investment pipeline active and cash flow strong.

The Scenario

The client, an experienced property investor, had recently refurbished a residential property and was preparing to sell. However, an opportunity arose to purchase a new investment property at auction, requiring fast access to funds. To avoid missing the auction window, they needed a short-term bridge secured against their existing property, valued at £475,000.

The £356,250 facility was arranged at 0.79% per month, striking the right balance between speed, flexibility, and lender appetite given the client’s profile.

The Challenges

While this was a relatively straightforward case, one early hurdle was that the client wasn’t initially certain which property they would buy next, meaning the lender needed confidence in the intended use of funds.

We negotiated terms allowing the advance to proceed on the condition that the funds were used for a property purchase, giving the borrower flexibility without jeopardising the deal.

The Solution

We quickly narrowed the field to trusted lenders with a strong appetite for this kind of residential bridging scenario. From there, we secured terms and competitive pricing that balanced the client’s time pressure with the most suitable rate and structure.

The entire process completed in just three weeks, ensuring the client had capital in place ahead of the auction.

The Outcome

The bridging loan allowed the client to:

• Unlock equity from their existing property without waiting for its sale.
• Secure and renovate their next investment property quickly.
• Maintain project momentum and minimise downtime between developments.

The exit strategy is the sale of the current property, which will comfortably clear the facility.

The client was impressed with the communication and speed throughout and has already expressed their intention to work with us on their next deal.

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