Swift Bridging Loan For Experienced Property Developer In Scotland

Professional developers need fast, flexible finance to ensure the pipeline of future projects, and keep their dependable builders at work.

The Scenario

Our client is a successful Scottish developer with a portfolio of properties around Dunfermline, just a half an hour’s commute over the Forth Bridge into the centre of Edinburgh. We’ve worked with her before and she has been delighted with what we’ve been able to set up for her.

She had a £200K BTL property on the market, and had seen two other units she wanted to buy: for £90K and £100K each.  

Our client had the capital to finance the refurbishments (new kitchens and bathrooms) – she just needed to fund the purchase prices.

The Solution

Her current lender had offered to port her mortgage, but our client had been pleased with how quickly we had been able to work for her before, and she didn’t want to miss these two purchase opportunities.

We secured an offer of bridge finance for both properties within three weeks, at the market leading rate in Scotland, and she was pleased to be able to proceed with her next projects.