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Case Study: Bridging Loan for Experienced Landlords


Our clients, two experienced landlords with an extensive property portfolio, sought a bridging loan to refinance an existing second charge loan.


The original loan was utilised to fund the deposit for the purchase of a residential property, which they have since successfully converted into a House in Multiple Occupation. With the HMO now fully let, they require funding to facilitate the refinance process.


The Basics

Property Type: A two-bedroom semi-detached house built in approximately 1960.

Location: Situated in the picturesque area of West Sussex.

Valuation: £310,000.00.

Interest Rate: The bridging loan comes with a competitive interest rate of 0.99%.

Gross LTV: 65.18%.

Initial Gross Loan: An initial gross loan of £155,000.00 has been secured.


Property Configuration

The property features a conservatory, dining room, sitting room, and a kitchen on the ground floor. The first floor houses two bedrooms and a bathroom.


The house is surrounded by a front garden with paving, mature trees, and shrubs. The rear garden also boasts paving, alongside mature shrubs, and includes sheds and lean-tos used for housing animals.


Exit

The proposed exit strategy for this bridging loan is to refinance by leveraging another property from the clients' extensive portfolio, thus ensuring a seamless and efficient financial solution for their real estate investments.


This case showcases how bridging finance can support seasoned property investors like our clients in optimising their portfolios and capitalising on opportunities within the property market.

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borrow@bridging.group 0207 052 1652 

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