This information is for professional intermediary use only and must not be distributed to potential customers.

£450k Bridging Loan in Just 18 Days on Best Rate

 

  • Loan value
    £450,000
  • LTV
    57%

  • Loan term
    12 months
  • Rate 
    0.75%
£450k Bridging Loan in Just 18 Days on Best Rate

The Client

The clients were individuals seeking bridging finance secured against a large traditional five-bedroom semi-detached house in Sheffield.

West_One_Web_Case_Study_Bridging-10-1

The Situation

The clients needed bridging finance to repay a private investor and consolidate a number of existing debts. However, they faced a serious challenge when another lender withdrew close to completion, leaving them without funding and under immediate pressure to meet their repayment obligations. With a private investor waiting and time running out, they needed a specialist lender who could move quickly, understand the full picture, and deliver with certainty.

 

 

West_One_Web_Case_Study_Bridging-11-2

The Solution

West One structured a £450,000 bridging loan at 57% LTV on a 12-month term, completing in just 18 working days from application. The rate of 0.75% reflected the strength of the security and the straightforward profile of the deal once properly assessed. Solicitors were engaged on day one and a valuation was instructed immediately, with the report returned within nine days. Before proceeding, the team took care to understand exactly why the previous lender had stepped back, addressing those concerns at the outset to avoid any repeat delays. West One also structured the deal with flexibility around exit routes.

 

West_One_Web_Case_Study_Bridging-12-2

The Benefit

Where the clients had already experienced the uncertainty of a lender withdrawing at a critical moment, West One provided the certainty and pace they needed. By front-loading the legal and valuation work and taking the time to properly assess the previous lender's concerns, the team removed the risk of a last-minute delay repeating itself. The willingness to consider additional exit routes added a further layer of flexibility that gave the clients, and the deal, the best possible foundation.

The Result 

The bridge completed on time, allowing the clients to repay the private investor in full and consolidate their existing debts as planned. A situation that had been heading toward significant financial distress was resolved cleanly and within a very tight timeframe.

 

shutterstock_401657083 (1)