{"id":76476,"date":"2021-04-26T08:46:00","date_gmt":"2021-04-26T07:46:00","guid":{"rendered":"https:\/\/uk-bridgingfinance.co.uk\/?post_type=case-studies&#038;p=76476"},"modified":"2021-09-23T09:14:46","modified_gmt":"2021-09-23T08:14:46","slug":"bridging-finance-case-study-2","status":"publish","type":"case-studies","link":"https:\/\/uk-bridgingfinance.co.uk\/case-studies\/bridging-finance-case-study-2\/","title":{"rendered":"Bridging Finance Case Study 2"},"content":{"rendered":"\n<p>A client had an initial enquiry for bridging finance. The client had a residential property in London valued at \u00a3760,000.00 with a mortgage of \u00a3300,000.00<\/p>\n\n\n\n<p>He wanted to raise \u00a3200,000.00 as a second charge via bridging finance as he needs the funds quickly to do work on another residential.<\/p>\n\n\n\n<p>As this loan is a second charge regulated transaction the loan to value is limited to 60% at a rate of 0.8% it did not allow the client to raise the amount he needed.<\/p>\n\n\n\n<p><em>Contact us today to discuss&nbsp;<strong><a href=\"https:\/\/uk-bridgingfinance.co.uk\/\">Bridging Loans<\/a><\/strong>&nbsp;and how we can assist you.<\/em>   <\/p>\n\n\n\n<p>After further discussion with the client, we discovered that the second property had a value of \u00a33,000,000 and a mortgage of \u00a3470,000.00. We were able to secure one loan against both properties, giving an aggregate 27% loan to value for the full amount the client needed and reducing the rate to 0.75%.<\/p>\n\n\n\n<p>This suited the clients\u2019 needs as the exit strategy was to sell the London property and only needed the funds for a short term and allowed the client to complete in a 2 week period.<\/p>\n\n\n\n<p>Note: Current Max LTVs for Bridging Finance for 1<sup>st<\/sup> charge bridges are 75% but lower for 2<sup>nd<\/sup> charge bridges, typically 60%.<\/p>\n\n\n\n<p><strong>To know more and speak to one of our Bridging Finance Experts<\/strong>,&nbsp;<strong>call us now on <a href=\"tel: 03303112646\"><\/a><a href=\"tel:03303112646\">03303 112 646<\/a>.<\/strong>&nbsp;You can also fill in&nbsp;<a href=\"https:\/\/uk-bridgingfinance.co.uk\/contact_us\/\">this short online form<\/a>&nbsp;to get started. Our team of Bridging Loan Experts will get back to you straight away.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A client had an initial enquiry for bridging finance. The client had a residential property in London valued at \u00a3760,000.00 with a mortgage of \u00a3300,000.00 He wanted to raise \u00a3200,000.00 as a second charge via bridging finance as he needs the funds quickly to do work on another residential. As this loan is a second [&hellip;]<\/p>\n","protected":false},"featured_media":71766,"comment_status":"open","ping_status":"closed","template":"","tags":[58,59,147],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.6 (Yoast SEO v21.8.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bridging Finance Case Study 2 -<\/title>\n<meta name=\"description\" content=\"Bridging Finance Case Study - Discover how we helped a client raise \u00a3200,000.00 as a second charge via bridging finance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uk-bridgingfinance.co.uk\/case-studies\/bridging-finance-case-study-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bridging Finance Case Study 2\" \/>\n<meta property=\"og:description\" content=\"Bridging Finance Case Study - 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