Case Study
Jo Powell recently secured a £2.5 million regulated bridging loan. It was arranged at a highly competitive rate of 0.59% per month, with a conservative loan-to-value (LTV) of just 23%, against a prime residential property valued at approximately £11 million.
The finance was required to support an extensive, high-specification internal renovation project, transforming the property into the client’s dream home. Although the works involved no structural changes, the level of detail and quality in the fixtures, fittings, and finishes demanded a carefully phased construction schedule. To accommodate this, the facility was structured with stage release drawdowns, allowing funds to be accessed in line with project milestones and contractor payment schedules.
Due to the high-value asset and bespoke nature of the refurbishment, the case involved added complexity in valuation and timing. A broker commission of £18,750 will be paid upon the full release of all drawdowns.
Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.
