Short term lending for major renovations on unmortgageable London dream home

SE London
Capital Raised

These clients came to us thinking they needed bridging finance. We found an alternative type of short-term lending that suited them better.

The Scenario

Our clients had been holding out for a house to come on the market on a very specific road they’d targeted, overlooking a park in South London.

Finally property came up for sale at £1.15M, but – it was a bit of a wreck. No kitchen, no hot water: it was unmortgageable.

They needed short-term finance until they could get the essential works done and refinance out onto a mortgage.

They’re both big earners for major financial services companies but one partner is a US national resident here on a spousal visa.

The Solution

We knew the spousal visa wasn’t going to be a problem with finding lending.

More of an issue was going to be how long these renovations are going to take, and how much the borrowing might cost our clients.

We steered them away from a standard bridging loan: the 12-month term could have been a  very tight schedule for them, and we found alternative short-term finance for almost half the cost.

This lending product is like a regulated bridging loan, but the minimum loan size is £300K and the minimum income required is £100K.

Their finance can run for up to two years at 0.25% a month, and has no early-exit fees if they finish their renovations early and are ready to mortgage.

They came to us on a Tuesday, we had credit approval for them by the following day, and an offer subject to valuation but the Thursday. 

Mathew Phillips

Finance Broker


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


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


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.

James Palmer

Senior Associate


0203 900 4322

Are you looking for similar property finance? I specialise in development and commercial finance for Clifton - I can find creative and commercially effective solutions for your project.

Sam ONeill

Senior Finance Broker


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


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


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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