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Residential bridge for refinancing of luxury Central London apartment
Client circumstances
A broker introduced a client who was looking for funds to refinance their current loan urgently as it was coming to an end. The security property was 4-bedroom apartment located on the lower and raised ground floors, formerly two self-contained flats which had been laterally converted.
The Borrower’s 2nd charge facility had expired, and the Borrower was in the process of refinancing. Due to consent not being granted for a second charge facility the borrower was then unable to successfully refinance, part way through the process. A bridge loan was urgently required to prevent further action and to allow the Borrower time to exit.
Our solution
Communication between the borrower, broker and KSEYE was prompt and effective. Formal terms were issued within hours, and property valuation and legals were promptly instructed in order to meet the tight turnaround.
KSEYE brings demonstrated value to clients facing urgent refinancing needs. Offering a dependable and speedy option can make all the difference in preventing adverse actions and providing the necessary breathing room for a smooth exit.
Our process enabled us to complete this case in just 12 days, showcasing our commitment to rapid turnaround times. If your clients are seeking a fast and dependable refinancing solution, visit our product page to learn how our approach can benefit them.
Loan Amount
£8,425,000
LTV
67%
Rate
0.99% pm
Time to completion
12 days
Rates reflect products at the time the loan was completed