Coventry Bridging Loan Case Study: £325K Secured in 11 Days

A homeowner in Coventry required a fast residential bridging loan to purchase a new property before the sale of their existing home completed. Clifton Private Finance arranged a £325,000 regulated bridging loan secured against the client's current residence, allowing them to complete on a £900,000 Coventry property within just 11 working days.

This case study demonstrates how short-term property finance can help homeowners avoid losing a purchase when property chains and completion dates do not align.

Coventry Homeowner Needed Fast Bridging Finance

The client was looking to purchase a new £900K residence in Coventry but needed to move quickly. The vendor had other transactions underway and required a fast sale, while the client's existing property had a buyer but could not complete within the same timeframe.

The bridging loan provided the short-term funding needed to complete the purchase before the sale of the existing residence. The planned sale of their current home provided the exit strategy for the facility.

The Challenge: Buying a New Coventry Property Before Selling

The key challenge was timing. The vendor required a rapid completion, leaving little room for the delays normally associated with a residential property transaction. We needed to:

• Secure £325K of bridging finance within a highly compressed timeframe
• Find a lender capable of releasing funds quickly
• Avoid delays associated with traditional valuation and legal processes
• Structure the facility around the eventual sale of the client's existing residence

How We Arranged a £325,000 Residential Bridging Loan

We secured a regulated bridging loan of £325K on a 12-month term, with interest rolled up to be paid at the end of the term rather than serviced monthly.

This provided the client with the funds needed to complete the purchase while giving them time to sell their existing West Midlands residence and repay the facility.

Outcome: Property Purchase Completed Within 11 Working Days

The transaction completed within just 11 working days from initial enquiry, allowing the client to secure their new home before the vendor moved on to other deals.

The case demonstrated the importance of knowing which lenders can streamline the process when a bridging transaction is structured correctly. Without access to this specialist market knowledge, the client would have faced a much greater risk of delays and potentially losing the property.