Case Study
Benjamin Peace recently arranged a £1,900,000 regulated bridging loan for a high-net-worth foreign national client, secured against a prime residential property in Central London. The client had reached the end of his residential mortgage term and required a flexible finance solution to avoid a rushed sale of his high-value home. The bridging loan provided a 12-month window, allowing ample time to market the property and achieve the best possible sale price.
The loan was structured at 52% LTV with a competitive rate of 0.90% per month. Despite the moderate gearing, the case carried notable complexities. The client, a foreign national, had a complex income structure which made assessment and approval more challenging. Additionally, the property had significant mortgage arrears at the time of application. Brightstar successfully negotiated with the lender to have the arrears included within the loan amount, ensuring the existing mortgage was satisfied and clearing the way for the new facility.
The deal was completed in just six weeks through proactive communication with solicitors, valuers, and the lender – ensuring a smooth process despite regulatory oversight and time sensitivity. This case highlights Brightstar’s expertise in structuring tailored bridging solutions for clients with complex profiles, particularly in the high-value residential space.
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