AREA: London
AMOUNT RAISED: £2.6 million
PRODUCT USED: Bridging loan
At Bridging Finance London, we often work with clients who have complex financial situations requiring tailored solutions. This case study showcases how we helped an international couple secure their dream home in the UK despite challenging circumstances.
Client Scenario
Our clients, a married couple with significant global ties, approached us with an urgent request.
They aimed to purchase a £3.5 million property in central London to serve as their family home.
However, their situation presented several complexities:
- One spouse worked in Singapore, while the other was based in New York
- They needed to complete the purchase within a tight six-week timeframe
- The couple’s income was primarily derived from overseas sources
- They required a loan of £2.6 million to finalise the purchase
The combination of international income, multiple residencies, and a pressing deadline created a challenging scenario that required expert handling.
Funding Solution
We quickly assessed the situation and determined that a bridging loan would be the most suitable option, given the time-frame.
Here’s how we structured the solution:
- We identified a specialist lender comfortable with cross-border transactions and international income sources
- Negotiated a 12-month bridging loan for £2.6 million, representing 74% of the property value
- Secured an interest rate of 0.65% per month, which was highly competitive given the complex nature of the case
- Arranged for interest to be rolled up and paid at the end of the term, easing immediate financial pressure on the clients
- Worked closely with legal teams across three jurisdictions to ensure all necessary documentation was in order
Final Outcome
Thanks to our extensive network and expertise in handling complex cases, we successfully secured the bridging loan for our clients.
Key achievements included:
- Loan approved and funds released within the six-week deadline
- Clients were able to purchase their desired property without liquidating other assets
- The rolled-up interest feature provided flexibility for the clients’ cash flow
- We laid the groundwork for refinancing to a long-term mortgage once the clients’ residential status stabilised
This case demonstrates our ability to handle complex, time-sensitive scenarios involving international clients. By leveraging our relationships with specialist lenders and our understanding of cross-border finance, we provided a solution that met our clients’ immediate needs while setting the stage for long-term financial stability. Whether you’re dealing with international income, tight deadlines, or complex financial structures, we have the expertise to help you achieve your property goals.
