£700,000 Purchase Funded at 100% Using Dual Security and a Supported Living Asset

Our client required 100% bridging finance against the £700,000 purchase price. To achieve this, the structure relied on a second charge over a supported living investment property within her portfolio. While the property carried substantial equity, supported living assets sit outside the appetite of many bridging lenders and can significantly reduce available funding options. This alone narrowed the field considerably.

Her daughter was also to be named as a co-borrower. With no prior property or industry experience, her involvement required a lender willing to assess the transaction on its wider merits rather than apply standard criteria to each element in isolation.

Adam Kassaman, Associate Director, Specialist Finance, identified lenders with specific appetite for supported living assets as secondary security and the capability to structure 100% bridging finance across two charges.

The use of open market values across both properties was central to making the structure work, allowing the full £700,000 purchase price to be funded without our client introducing purchase capital. The strength of her portfolio, track record and available equity formed the foundation of the credit narrative, positioning the co-borrower’s involvement in the context of the wider security and experience on the application rather than as a standalone consideration.

The supported living asset, while outside the criteria of many bridging lenders, was positioned around its equity profile and tenancy structure, enabling the lender to assess it on its individual merits.

Adam arranged a 12-month bridging facility structured across two charges: a first charge against the purchase property and a second charge against the supported living investment property, with both charges assessed against open market values and together delivering 100% of the £700,000 purchase price.

The structure enabled our client to preserve her own capital for the refurbishment works and proceed with a clear refinance strategy once the improvements are complete. She is already in discussion with LDN on the exit.

The dual charge structure, incorporating a supported living asset as secondary security, is not a combination many lenders will consider. By identifying a lender with the appropriate appetite and positioning the case around the strength of the security and our client’s experience, Adam secured the funding required to complete ahead of competing interest.

LDN Finance’s Specialist Finance team regularly structures bridging facilities across complex and non-standard security profiles. Where conventional lending criteria narrow the field, our lender relationships and structuring expertise consistently identify a route forward.