Blog post
July 21, 2021

Bridging loans under £500k: 10 bridging deals we completed in June

To see our latest bridging rates and offers, visit our intermediaries and rates page.

As the Stamp Duty deadline approached last month, we were working hard to deliver for our borrowers. 

Here are just 10 of the deals we completed for clients in June, delivering quickly on purchases, capital raising for deposits and funding refurbishments before transitions on to long term loans.

Read more: 10 Buy-to-Let case studies in June.

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Canterbury

Loan value: £494,572

LTV: 64%

Purchase of a bungalow before refurbishment and letting out. A repeat borrower who sold another property, their previous project with us, to support the purchase of this one. 

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Aberdeen

Loan value: £475,000

LTV: 50%

Extra funds for local developers to cover associated costs on an 80 acre site valued at £12 million, with 4 separate planning permissions approved. 

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Wembley 

Loan value: £475,000

LTV: 75%

Purchase of a three-bed terraced house, for the purpose of carrying out a loft conversion and doing a back extension. 

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Basildon

Loan value: £382,000

LTV: 75%

Purchase of property with plans to refurb and convert from 4 bed to 6 bed. 

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Cambridge

Loan value: £341,250

LTV: 75%

To capital raise for the purchase of a semi-detached house which they intend to keep as a Buy-to-Let property.

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Sutton Coldfield

Loan value: £318,242

LTV: 61%

Bridge-to-Let purchase with intention to refurbish before refinancing to a Buy-to-Let loan.

To see our Bridge-to-Let rates and offers, visit our Bridge-to-Let page. 

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Slough

Loan value: £249,360

LTV: 29%

Capital raise on a detached house for another investment opportunity. 

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Altrincham

Loan value: £224,000

LTV: 70%

Purchase of a new property for a light refurbish. 

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Southampton

Loan value: £201,000

LTV: 75%

Purchase of a property currently unmortgageable because of a low EPC rating, intention is to refurb the property and exit on to a Buy-to-Let mortgage.

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Birmingham

Loan value: £180,000

LTV: 75%

This deal was originally progressing as a Buy-to-Let with us, but the borrowers opted to purchase it with bridging finance before refinancing to term.

To see our latest bridging rates and offers, visit our intermediaries and rates page.

Luke Stevenson
Posted by Luke Stevenson
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