Blog post
December 1, 2022

Case studies: Refurbishment and residential bridging deals

See our bridging range and get fast finance through our bridging portal here. 

Bridging deals for refinance, capital raising, light refurbishment and heavy refurbishment cover just some of the projects we’ve been backing across the country.

Take a closer look at the bridging finance we’ve supported recently.

Location: Poole

Product type: Residential bridging

Loan amount: £1.18 million

LTV: 75% 

A client is refinancing an existing property worth £1.4 million. A former 5-bed house, they had converted it to three flats under a single freehold title. After creating new leases they will refinance on to Buy-to-Let.

Location: Gillingham

Product type: Refurbishment

Loan amount: £216,000

LTV: 75%

Purchase and light refurbishment. Despite this being their first project, the borrower is a builder by trade and we backed them to deliver the project.

Location: Edinburgh

Product type: Residential bridging

Loan amount: £209,000

LTV: 61.51%

Clients had purchased the property unencumbered and now were looking to capital raise to fund the conversion of property into two flats. 

Location: Bexhill-on-Sea

Product type: Residential bridging

Loan amount: £187,500

LTV: 75%

Purchase of two flats from the same block with intention for a light refurb before adding to Buy-to-Let portfolio. 

See our bridging range and get fast finance through our bridging portal here.