- Client Type: Overseas resident with UK property assets
- Property Value: Circa £3.3M (combined UK properties)
- Loan Amount: Circa £1.75M
- 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 more constrained. In addition, the client already had a 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 provide sufficient funding within the required timeframe while allowing flexibility around the timing of future property sales and preserving the client’s existing mortgage arrangements.
Enness Global structured a circa £1.75M 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 requiring an expedited sale.
Working closely with specialist bridging lenders, solicitors and valuers, Enness Global coordinated the transaction, enabling completion within 8 working days, subject to lender criteria and client circumstances.
The client completed the overseas property purchase within the required timeframe while retaining flexibility over the timing of the UK property sale. The case demonstrates how specialist bridging finance can provide a short-term funding solution for international clients facing time-sensitive property transactions and complex existing financing arrangements.
Important: Bridging finance is short-term borrowing and requires a credible and achievable repayment or exit strategy. Where repayment depends on the sale or refinancing of property, delays, changes in property values or market conditions may affect the anticipated exit and the overall cost of borrowing. International transactions may also involve additional legal, tax, currency and regulatory considerations.
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.
