fbpx Below market value holiday home bridge - LDNfinance

What was the situation?

A client came to us with a funding requirement for a holiday home that he originally purchased for £200k two years ago. This was considerably under market value and he had a £350k outstanding loan on the asset which was valued at £465k. The client had requested to switch the home from a limited company to a personal name.

What was the issue?

Most lenders will only work off the purchase price not the valuation and therefore the client was not able to secure finance at the level they required.

What was the process?

We lead the detailed conversations with the lender in regard to how the purchase was made at such a level below market value and to establish what the future intentions were for the property.

What was the solution?

The strength of the client and flexibility of the selected lender lead to a smooth transaction which provided the finance the client required.


Case study by Chris Oatway, Director

LDNfinance Solutions Limited is authorised and regulated by the Financial Conduct Authority. LDNfinance Solutions Limited is a company registered in England and Wales (Company No. 10593737) with its registered office at Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ. Trading Address: First Floor, 60 New Broad Street, London, EC2M 1JJ.


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