Property Finance Specialists

£220k Short-term bridge loan to secure a property on the coast in Wales for refurbishment and rental

By Alex Capitan

Tuesday 22nd February

1 minute read

Our client approached us with an intriguing investment opportunity: a house in a stunning location in Wales that had outstanding buy-to-let potential despite the fact that it needed considerable repair.

BTL farm house

Unable to secure a typical buy-to-let mortgage due to the necessary modifications required prior to mortgage lenders considering a BTL mortgage our client needed alternative property finance.

Confident in the property's buy-to-let revenue potential and confident financing via a bridging facility the client knew exactly what they needed - they simply needed a lender to see that same deal on the table. The ex-farmhouse needs a lot of attention but there's significant extension potential with its array of outbuildings and the view couldn't be better.

As Gary Poulton explains, "This was a dream property and a dream client, they knew exactly where they needed this deal to land in order for it to make sense to them and it was very easy to understand the loan's risk profile. The numbers all stacked up so it was a very quick turnaround, completing the loan deal in less than 10 days. Whilst not all loan's are this easy to fulfil, as we're used to having to think outside of the box in many situations to make it viable, it was brilliant to help this client close their deal so quick."

Overall, our clients found the bridge-buying procedure to be quick and painless, and they had the funds in their bank account ready to complete the transaction within just two weeks.

Could a bridge loan help with your next buy-to-let purchase?

Call our specialists on 0203 780 7610 today or contact us here

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