Bridging loan examples: residential bridging loans
Residential bridging loans are the most common form of bridging loan as property investors look to acquire property that needs refurbishment, add extensions or acquire planning for more substantial works.
Here are some examples of the different ways property investors can use residential bridging loans.
Bridging loan example 1: Oxfordshire
A bridging loan the borrower needed to complete within two weeks to acquire a property they wanted to use for rental purposes. A Buy-to-Let loan would not have completed in time so the borrower approached us for bridging finance to secure the property before refinancing onto a Buy-to-Let loan.
Loan amount: £738,500
LTV: 70%
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Bridging loan example 2: Torquay
A bridging loan to acquire a site and obtain planning to develop or flip with a planning uplift.
Loan amount: £456,000
LTV: 60%
See more bridging loan examples.
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Bridging loan example 3: New Malden
A loan to acquire a security property ahead of refurbishing it in line with existing planning permission. This includes a two-storey side extension and single storey rear extension.
Following refurbishments the borrower’s exit strategy is to sell with a increased sale value.
Loan amount: £525,000
LTV: 75.00%
Bridging rates starting from 0.55%.
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Bridging loan example 4: Greater Manchester
Residential bridging loan to purchase a bungalow for the purpose of obtaining planning permission for three units
Loan amount: £210,000
LTV: 75%
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