- Loan Amount: £700K
- Security: Residential Property, London
- Property Value: £5M
- Time to Complete: 5 Days
We recently assisted a high-net-worth client in securing a £700K bridging loan to meet an urgent tax liability. The client owned a prime residential property in London valued at approximately £5M, providing sufficient equity to support the required facility. With a strict deadline for settlement, speed was a key consideration, while traditional lenders were unable to meet the required timeframe due to their valuation and legal processes.
Enness leveraged its specialist lender network to identify a lender able to accommodate the client's tight requirements. Rather than requiring a full valuation and completing the standard legal process before proceeding, the lender was prepared to consider a desktop valuation alongside a solicitor’s undertaking. This helped streamline the transaction and reduce the time required to release the funds.
The £700K facility was secured against the client's London property and released within five working days of the initial enquiry. The funding provided the client with the liquidity required to meet the tax liability within the necessary timeframe.
This case demonstrates how fast bridging finance can provide a short-term funding solution when traditional lending cannot accommodate a tight completion deadline. By considering the available property equity and working with a lender experienced in time-sensitive transactions, Enness was able to structure a solution around the client's specific circumstances.
Enness specialises in arranging bespoke finance for high-net-worth clients with complex or time-sensitive requirements. If you require short-term funding secured against a residential property, speak to a mortgage specialist to explore your options.
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.
