The Challenge
Portway Finance was approached by a property investor looking to purchase a £400,000 investment property in Essex with just two weeks to complete the transaction.
The purchase was about more than acquiring the existing property. The client’s strategy was to obtain planning permission for two new homes on the land, separate the original house from the development plot, and use the future sale proceeds to repay the bridging loan.
With a tight completion deadline and a development-led exit strategy, the client required a lender that understood the potential of the site rather than simply the current property.
Our Solution
Using our knowledge of the specialist bridging market, Portway Finance identified a lender that was comfortable with both the client’s proposed exit strategy and long-term development plans.
We worked proactively with the lender, solicitors, and all parties involved to keep the transaction moving, ensuring the application progressed quickly enough to meet the required completion date.
The tailored bridging facility enabled the client to secure the property while providing the flexibility needed to execute the development strategy.
The Outcome
The £250,000 bridging loan completed within the required timeframe, allowing the client to secure the investment before the opportunity was lost.
The successful funding enabled the client to:
- Complete the purchase on schedule
- Progress planning permission for two new homes
- Unlock the site’s full development potential
- Implement a clear exit strategy through the future sale of the developed plots
This case demonstrates how specialist bridging finance can support more than just property purchases. By understanding the strategy behind the acquisition, Portway Finance was able to structure a solution that positioned the client to maximise the value of their investment.
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