Bridging Finance Delivers on a Two-Week Completion Challenge
What was the situation?
Our client, an experienced UK national contractor, was ready to take the leap from construction into property development. The opportunity? A prime site in Walton upon Thames with planning permission for two stunning new homes.
What was the issue?
The vendor brought the completion date forward, giving just two weeks to close.
What was the process?
We immediately assessed the funding options available and determined that bridging finance was the most effective route.
Our strategy was to move forward with a short term bridging facility, structured with a first charge on the land with planning permission and a second charge on an additional residential property. This approach meant we could quickly unlock the £700,000 net needed to seal the deal.
We tapped into our network of trusted lenders who we knew could think fast, work flexibly, and still deliver competitive terms even when the main security was land with planning.
• Working seamlessly with the lender, client and solicitors
• Anticipating and answering underwriting queries before they slowed us down
• Keeping every moving part aligned so nothing slipped
The chosen lender performed exceptionally, matching our urgency and determination at every stage.
What was the solution?
Key terms:
• Gross LTV (against land purchase price): 89%
• Interest rate: 1.04% per month
• Arrangement fee: 2%
• Exit fee: None
Nick expertly managed this and the client is now working with us to arrange the development finance that will bring their vision to life.
This deal was not just about bridging finance. It was about turning a make or break deadline into a win, proving that with the right expertise, the right relationships and the right energy, anything is possible.
Need help securing bridging finance? Our experts are on hand to assist. Call 020 3903 9875 to speak to an adviser, or use our online contact form.
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Testimonials
Our happy clients
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,
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.
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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