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Case Study: Bridging Finance for NW London BTL Purchase

Case Study: Bridging Finance for a NW London BTL Purchase The Bridging Group

This case study outlines the purchase of a two-bedroom, unmodernised flat in North West London, acquired with the assistance of bridging finance. The buyer saw strong rental potential in this buy-to-let (BTL) investment due to its prime location and affordability through short-term bridging finance.


Property Overview


  • Purchase Price: £220,000

  • Loan-to-Value (LTV): 65%

  • Gross Loan: £143,000

  • Property Type: Leasehold flat (100+ years remaining on lease)

  • Location: Above a commercial property in North West London

  • Rental Potential: Expected rental income will cover most monthly interest payments

 

Challenges

Several logistical challenges arose during the transaction. Communication with the seller’s solicitors was limited, which initially slowed the process. The buyer’s solicitor also experienced scheduling constraints, and the auction house presented some unexpected fees.

 

Solution and Resolution

With the support of a proactive legal team, the buyer managed these challenges effectively. The team maintained steady communication with all parties and ensured that deadlines were met, keeping the bridging loan on track and avoiding delays.

 

Outcome

The purchase was successfully completed, securing a promising rental property for the buyer and maximising the bridging loan’s potential as a short-term financing solution.

 

Key Takeaway

This case illustrates the advantages of a bridging loan in property investment and the importance of a dependable legal team in such transactions. With effective guidance and support, buyers can navigate hurdles smoothly, ensuring successful outcomes even in complex transactions.

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borrow@bridging.group 0207 052 1652 

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