Fast and efficient funding to ensure the client completes on an investment property

Our client, a Chinese national with indefinite leave to remain in the UK had exchanged contracts on a residential property requiring a full refurbishment. A facility was required urgently as the completion date had already passed, and due to the full programme of refurbishment a mainstream lender could not commit.

We were able to offer terms quickly and agreed a schedule of works for the refurbishment, which was being funded by the client. The property had possible structural issues, which the client was aware of and transparency between the client and ourselves allowed the right professionals to assess the required works, we managed to arrange this and complete within 6 days!

SDKA offering a 12 month term allows the client to complete the works, ready to be tenanted and refinance to a mainstream lender.

The client had not used bridging finance before and was pleased with the speed of the completion. They were able to purchase a residential flat in a desirable London postcode, and refurbish it providing an uplift in value. This property will then become a buy to let property with a high yield.