£500,000 regulated bridging finance for chain break client
What was the situation?
LDN Finance was approached by a client looking for a regulated bridge. The reason they required bridging finance was because they had found a property they wanted to purchase, but were still waiting to sell theirs.
The client felt that this was their dream house and they really didn’t want to lose the property whilst waiting for theirs to sell. The most suitable solution was a chain break bridging loan for £500,000 which would allow them time to sell their current property without being rushed.
What was the issue?
Apart from the time pressures of potentially losing the house, the application was relatively straightforward. However, unstable market conditions did add a layer of complexity throughout the application process due to volatile interest rates.
What was the process?
The key to success in this application was ensuring we used a lender who offered great customer service in assisting us to find the most suitable terms available in the market.
We leaned heavily on our lender relationship to get the facility funded within a short time scale by making sure we were always on hand to take calls, responding to emails promptly and jumping in when needed, even outside of usual working hours.
What was the solution?
We were able to successfully secure a competitive facility so that the client could purchase their dream home.
By obtaining the bridge, the client has had time to sell their current property without having to take a quick-fire sale.
Contact LDN Finance to start your search for property finance
Need expert mortgage advice?
We can help.
Get in touch with our expert residential mortgage advisers today to get started on your property finance journey. Whether you’re buying your first home, upsizing for more space or refinancing your property portfolio, our award-winning mortgage brokers have got you covered.
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.
Related Case Studies