Using a Bridge Fusion Loan For a Property Investor Facing a Tight Deadline

Loan Amount:
£3,500,000

Property Value:
£5,000,000

LTV:
70%

Our Bridge Fusion product combines the best elements of our bridging and BTL products. Meaning it was the perfect option for a borrower who required funding to purchase a residential asset that would be tenanted in the coming months.

Still, we needed to move rapidly. The borrower was under pressure from the vendor involved to complete the purchase quickly.

As such, the underwriter involved got to work. They explored the borrower’s details to ensure this deal would be secure, and we could have funding issued asap.

Experience Helps

From the outset, it was clear that this property investor knew what they were doing. They already had a large property portfolio, and were in talks with several banks for their long-term finance exit strategy.

The main challenge concerned the property’s current rental potential. The asset was vacant as it was being purchased, and so would not be income generating for a while.

But, in working closely with the borrower, we determined that they had interest from several potential tenants already, which boded well. Furthermore, we could see that the property was desirable due to supply and demand of rental property in the area. Considering all of this, we delivered Bridge Fusion funding in time for the borrower’s deadline.

Solutions for Looming Opportunities

Moving quickly for BTL investors is crucial in the current market, given the clear need for more stock. Also, with many existing landlords expected to sell up in the coming months, expanding buyers may want to jump on this opportunity while it lasts.

Fortunately, we’re ready for this at Market Financial Solutions. All our deals, spread across every one of our products, is underwritten from day one. We respond to all enquiries within four hours, and we can have bridging finance issued in as little as three days where everything lines up.

Should a BTL selloff emerge following the autumn budget, we will be there to help buyers take advantage.