Bridging Loan to Fund Multiple Renovation Projects | Case Study

£950k Bridging Loan to Fund Multiple Renovation Projects

Area
Swindon
Capital Raised
£950k

One of the most significant benefits of bridging finance is the access it provides to capital tied up in your property.

There is no other finance option that provides the speed and flexibility a bridging loan can, at low rates, and up to such high loan sizes.

The Scenario

Our client came to us in the process of selling their £2m family home.

Being a large and unique property they were anticipating a slow sale. However, they needed funds quickly, and being in the midst of a temporary market slump didn't want to drop their asking price to force a sale.

Instead, they decided to explore the option of bridging finance.

They were looking to:

  • Fund the renovation of their second home, which they were planning to move into upon their main home's sale

  • And fund the renovations of a buy to let and multiple rental lodges they owned

The Solution

Once our broker had a strong understanding of the renovation works they had planned and discussed optimal loan-to-value ratios with our client, they eventually opted to raise a total of £950k against their properties.

This would comfortably fund the renovations of their BTL property and lodges to optimise their income generation, and ensure their second home was up to the family's standard for moving into.

Bridging loan lenders don't generally have an issue with using funds for multiple properties and purposes: as long as they have a solid understanding of the destination of the funds, they can be flexible on use. This is where a broker can step in to smooth the transaction and package an application in the right way.

After comparing rates across handful of lenders our broker knew would offer the best terms, we managed to get funds secured for the client in a matter of weeks, and at the lowest interest rate available on the market.

Max Mallinson

Finance Broker CeMAP

Cardiff

0117 332 5977

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.

Book a free telephone consultation with me at a time to suit you.

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Jonathan Moffatt

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Alex Morris

Private Client Adviser

Bristol

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Scott Dutfield

Finance Broker

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you

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Carly Cheeseman

Head of International

Bristol

0117 457 9922

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Nick Kerley

Finance Broker

Cardiff

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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

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Louis Levine

Finance Executive CeMAP

Bristol

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Bristol

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Sam Baker

Finance Broker

Cardiff

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Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

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Fergus Allen

Senior Finance Broker

Cardiff

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Jacob Phipps

Finance Broker

Bristol

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I specialize in helping international clients source residential and investment property finance for UK property. Book a free telephone consultation with me at a time to suit you.

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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. customDatabaseField-8455

Mathew Phillips

Senior Finance Broker

Bristol

0117 959 5094

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Alex Chambers

Senior Private Client Adviser

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.

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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. Book a free telephone consultation with me at a time to suit you.

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Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar?

I am a bridging finance specialist at Clifton Private Finance. I can find a quick, cost-effective solution for the funding you're looking for. Book a free telephone consultation with me at a time to suit you.

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