Case Study
Kit Thompson recently completed a £207,000 consumer buy-to-Let (regulated) 1st charge bridging loan for a complex case involving a sole investment property held in a personal name. The deal was structured at 65% LTV with a rate of 1.12% per month.
The case involved an over-term mortgage in arrears, mounting debts, and a property in receivership facing repossession. Additional challenges included an estranged ex-partner on the title, a non-vacating tenant, and rental income that failed to cover mortgage payments – all contributing to a highly pressured situation for a vulnerable client.
The objective was to refinance the existing lender, clear arrears, and stop repossession while navigating legal and occupancy complexities.
Through persistence, the loan successfully completed, securing the property and providing the client with a route to stabilise their position and provide time to sell the property to clear the bridge.
Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.
