Key Details:
- Client Type: Overseas resident with UK property assets
- Property Value: Circa £3.3 million (combined UK properties)
- Loan Amount: Circa £1.75 million
- Loan Type: Residential bridging loan
- Timescale: Completed within 8 working days
The client had recently relocated overseas and was in the process of purchasing a new primary residence valued at approximately CHF 20 million. The transaction was highly time-sensitive, with completion required in the first week of January. Failure to complete within the agreed timeframe would have resulted in the loss of the property.
Although the client owned multiple UK residential properties and planned to sell one to contribute towards the purchase, prevailing market conditions meant they were reluctant to rush a sale and risk achieving a discounted price. A short-term funding solution was therefore required to bridge the deposit shortfall and allow completion to proceed as planned.
The primary challenge was the compressed timeframe, compounded by the Christmas period, when lender availability and legal processes can be slower. In addition, the client already had a competitive long-term mortgage in place on one of the UK properties and was keen to retain this facility rather than refinance unnecessarily.
The solution needed to deliver speed and certainty, while allowing flexibility around the timing of future property sales and preserving the client’s existing mortgage arrangements.
Enness structured a circa £1.75 million bridging loan secured across two UK residential properties, with a second charge taken over one asset. This approach enabled the client to raise the required funds without disturbing their existing mortgage or forcing an expedited sale.
Working closely with specialist bridging lenders, solicitors, and valuers, Enness coordinated the transaction efficiently, enabling completion within 8 working days, subject to lender criteria and client circumstances.
The client successfully completed the overseas property purchase within the required timeframe, while retaining full control over their UK sale strategy. The case highlights how tailored bridging finance can provide vital flexibility for international clients facing complex, time-critical transactions.
Bridging finance is expensive and is not suitable for everyone. You should seek professional advice to discuss your personal circumstances and needs to assess if this is a suitable option for you.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
