Bridging Finance Delivers on a Two-Week Completion Challenge

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.

Development finance was already in progress and everything looked on track. Valuations done, monitoring surveyor reports in, momentum building. The plan was set until the timeline suddenly changed.

The vendor brought the completion date forward, giving just two weeks to close.

With credit approval and legal work still in motion, the original funding could not complete in time. The clock was ticking and the stakes were high. To secure the site, we needed to pivot quickly and deliver an alternative solution within the new timeframe.

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.

From there, we coordinated closely with all parties to maintain momentum:
• 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.

Thirteen working days after submitting the application, we completed well within the tight deadline set by the vendor.

Key terms:
• Gross LTV (against land purchase price): 89%
• Interest rate: 1.04% per month
• Arrangement fee: 2%
• Exit fee: None

The site was secured and our client was able to progress their development plans seamlessly.

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.

Nick is now working with the client to secure the development funding for this project and we look forward to sharing the next chapter of this story once the deal is done.