- Loan Amount: £700K
- Security: Residential Property, London
- Property Value: £5M
- Time to Complete: 5 Days
Enness 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 substantial equity against which the required facility could be considered. 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 used its specialist lender network to identify a lender able to consider the client's tight requirements. Rather than requiring a full valuation 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 identifying a lender able to accommodate the transaction, Enness was able to arrange 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.
Important: Bridging finance is short-term borrowing and requires a credible and achievable repayment or exit strategy. Where repayment depends on a future source of funds, delays, changes in property values or market conditions may affect the anticipated exit and the overall cost of borrowing.
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.
