Bridging Loan Secured Against Farmland

Area
Oxford
Capital Raised
£150K

The Scenario: 

A farmer was part way through building a house to sell on when unexpected costs meant he needed to raise an extra £150k to complete the build. 

The only significant asset the farmer had was a piece of land on his farm for which he had planning permission. The combined value of this land and the residence the farmer was building was £680k. 

However the farmer had no separate title for the land with planning permission, meaning most lenders were unwilling to secure a loan against it. 

The Solution: 

The farmer contacted Clifton Private Finance and we found him the funds he needed from a specialist lender who was willing to overlook the issue over the land title. We agreed a bridging loan term of 12 months at a rate of 1.15% for the full £150k at a loan-to-value ratio (LTV) of 22%. 

The client was thus able to finish building the house and sell it and the land with planning permission. This allowed him to repay the loan and net a healthy profit.

Are you in a similar position? To investigate your finance options call our team on 0117 959 5094 or fill in our call back form.

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.

Mathew Phillips

Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

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