- Loan Amount: £1,700,000
- Combined Value: c£13m
- Charge: Second Charge
We recently assisted a high-net-worth individual in securing a £1.7 million bridging loan to meet urgent lifestyle expenditure needs after being unexpectedly let down by his private bank. The client owned two high-value properties: a London residence valued at close to £ 9 million and an estate in the South West of England worth £4 million, both with significant equity.
A key challenge in this case was that the London property was already mortgaged with a lender that had substantial early repayment charges (ERCs). This ruled out refinancing the existing facility and necessitated a second-charge solution. Our team sourced a lender able to take second-charge positions on both properties, avoiding any disruption to the client’s existing arrangements.
We structured the loan across the two properties at a competitive monthly rate. Thanks to strong security and a clear exit strategy, the lender was able to proceed using a light legal process, allowing funds to be released quickly.
This solution provided the client with immediate liquidity while avoiding costly ERCs, proving the value of a tailored approach in time-sensitive, high-value transactions.
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