Cut the Complex: How Bridging Saved a Surrey Property Project
Written by Leanne Ardron
For homeowners navigating the complexities of the UK property market, short-term financing solutions like regulated bridging loans can provide crucial flexibility and speed.
These short-term loans are specifically designed to bridge financial gaps that can arise during various property-related transactions.
Whether it’s the urgent need to secure a new home after a frustrating chain break, downsizing, accessing funds to undertake essential property refurbishments to enhance value, or capital raising to secure a new property investment, regulated bridging loans offer a valuable solution.
For homeowners seeking fast funding, a Bridging loan with LendInvest could be the right solution for their situation.
Here’s a recent example of how we Cut the Complex for a customer:
A Streamlined Bridging Solution in Surrey
A customer came to us seeking a fast solution to complete work on a high-value property in Surrey. They originally purchased the property in 2023 and obtained planning permission to carry out a large refurbishment and extension.
The customer, experienced developers who were completing the works themselves, were seeking to raise capital to pay off their original loan and to fund the rest of the works on the property.
Bridging finance for every need.
After the refurbishment completes, the customer will sell the property so they can purchase a new residential property. The property is currently on the market, and should the sale not go through, the customer has a DIP in place for an alternative refinance on longer terms.
In the end, we secured them a loan for £1 million for a 12-month term at 65% LTV.
We were also able to offer Dual Representation, one solicitor for both parties, to save legal costs and time.
How LendInvest can Cut the Complex:
- Rates start at 0.82%
- AVMs up to 65% gross LTV and at no cost
- Dual Representation
Ready to Cut the Complex on your Residential Bridging needs? Get a quote today!
Ready to help your clients Cut the Complex?
LendInvest plc is a public limited company registered in England and Wales (No. 8146929). Registered Office: 4-8 Maple Street, London, W1T 5HD.
LendInvest Mortgages and LI Mortgages are registered trading names of LendInvest Loans Limited. LendInvest Loans Limited is authorised and regulated by the Financial Conduct Authority (FRN:737073). LendInvest Loans Limited is a company registered in England & Wales (Company No. 09971600) and is a wholly owned subsidiary of LendInvest plc.
Regulated lending is provided via LendInvest Loans Limited (Company No. 09971600). Unregulated lending is provided by LendInvest BTL Limited (Company No. 10845703) and LendInvest Bridge Limited (Company No. 11651573), which are wholly owned subsidiaries of LendInvest plc.
Borrowing through LendInvest and its affiliates involves entering into a mortgage contract secured against property. Your property may be repossessed if you do not repay your mortgage in full.