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£4.1m Regulated Bridge to Resolve Urgent Legal Obligations

 

  • Loan value
    £4,100,000
  • LTV
    67%

  • Loan term
    12 months

  • Time to completion
    9 days
Regulated Bridge to Resolve Urgent Legal Obligations

The Client

A homeowner was facing extraordinary personal and legal circumstances. He sought to acquire urgent refinancing to resolve mounting legal fees and protect his home in Berkshire.

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The Situation

The client owned a prime residential property in Berkshire, valued at £6.15 million, with significant equity in his home.

He had lent £3 million to his brother in good faith, which he didn’t repay. He initiated High Court proceedings to recover the funds, but the legal process was becoming protracted. Compounding the pressure, he was also pursuing an £8.25 million claim against a former business partner, in another legal battle that required ongoing funding.

Already servicing an existing bridging loan, urgent legal fees were accumulating faster than anticipated. The situation was both distressing and time-sensitive: he needed to refinance the existing bridge and raise further capital quickly to keep the legal proceedings going while avoiding a forced sale of his home.

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The Solution

West One moved quickly from the moment the case was submitted with legals instructed on day one. Urgency was paramount, which meant West One's underwriting and sales teams needed to prioritise the case throughout the process.

We turned the case around in just 9 days, reflecting West One's commitment to supporting clients in complex and urgent situations. The facility completed at £4.1 million over a 12-month term.

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The Benefit

By refinancing the existing bridge and raising additional funds, West One enabled the client to meet his immediate legal obligations without being forced into a distressed sale of his home. The speed of execution meant he could continue his High Court proceedings without interruption, protecting both his financial position and his home.

Details from this case, including a valuation issue, were complicated. But West One was willing to be flexible where other lenders would have stepped away due to the complexity of his circumstances.

The Result 

We completed the bridging loan in 12 days, meaning the client was satisfied with the outcome and could turn their attention to the development on the land. --- 

This case highlighted West One's ability to deliver regulated bridging finance with empathy, speed, and commercial flexibility. Despite the urgency of the situation, the team took the time and made the effort necessary ensure the client received the support and financing he needed to navigate a difficult situation and retain his home. He also gained access to funds for his ongoing legal proceedings.

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