Fast-Track Bridging Loan for Overseas Land Purchase

The Scenario

Our clients were looking to raise £355,000 to complete the purchase of some land in the Caribbean.

The purchase was time-sensitive, with just four weeks to complete. Complicating matters:

• Regulated nature: The bridging loan was to be secured against their main residence in the UK.
• Overseas purchase: Many lenders are hesitant to approve loans where funds will be used to acquire property abroad.

Their exit strategy was the planned sale of their main residence, a detached Grade II listed property in West Sussex, ensuring they could repay the loan within the agreed term.

The Challenges

• Tight deadline: The clients risked losing their deposit for the land purchase if funds weren’t raised in time.
• Complexity: Second-charge bridging loans secured on a primary residence come with additional regulatory scrutiny (they had an existing mortgage in place).
• Listed property: The Grade II listing of the property added further considerations to the lender’s valuation process.

The Solution

Thanks to our in-depth market knowledge, we immediately identified a lender that could meet the requirements, including approving the use of funds for overseas purposes.

The funds were released on time, enabling the clients to finalise their Caribbean land purchase and avoid losing their deposit.

If you’re facing tight deadlines or unique financial circumstances, contact us to explore your options and secure the funding you need.