Funding a Non-Standard Mixed-Use Auction Property
What was the situation?
Our client purchased a part-commercial, part-residential property at auction in Kent. Due to its mixed-use layout and the vacant commercial unit, many high street lenders were unwilling to assist. The client needed bridging finance at short notice to meet the completion deadline and secure the asset for future redevelopment.
What was the issue?
The property was valued at £450,000, with approximately 60% residential accommodation and 40% comprising an empty retail unit. This configuration fell outside the lending criteria of most mainstream providers. With their deposit already committed and less than four weeks to complete, the client required a lender willing to take a pragmatic view of the asset’s potential.
What was the process?
Drawing on our specialist lender relationships, we arranged a bridging facility at 70% of market value, providing £315,000 to complete the purchase and cover associated costs. Our team worked proactively with surveyors, solicitors, and the client’s legal advisers to overcome valuation and title considerations. The finance was agreed and funds were released within 12 working days, enabling the transaction to proceed without disruption.
What was the solution?
The client completed the acquisition on schedule, safeguarding their deposit and securing a property with significant redevelopment prospects. The bridging facility provided the flexibility to plan refurbishment works and will be refinanced onto longer-term funding once planning consent is achieved.
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Our happy clients
As a returning customer, I would like to express my sincere thanks to the team for their outstanding support during the completion of my property purchase. In particular, Catherine and Darren have been incredibly helpful throughout the process. Their communication, professionalism, and customer service have been absolutely excellent, making the entire experience smooth and reassuring. Many thanks again for all your hard work.
My fiancée and I were recommended to LDN Finance when we started our mortgage journey, and the service we have received, and continue to receive, has been outstanding throughout. Phil Levesley initially looked after us and made what can be a very daunting process feel straightforward and easy to understand. He took the time to explain everything clearly, never rushed us, and was always happy to answer any questions we had. Nothing ever felt like too much trouble. As part of the process, we also wanted to explore a number of protection policies, and Phil introduced us to his colleague,
Owen was absolutely amazing and supported me every step of the way throughout the mortgage process. He was always clear, patient, and incredibly reassuring, making what could have been a stressful experience feel smooth and manageable. Bharathy was also really helpful, promptly getting in touch and making sure all the relevant information was handled efficiently. I couldn’t be happier with the service and would highly recommend them both. Five stars without hesitation.
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