Purchase bridge loan across two investment properties​

We were introduced to a new client seeking funding across two investment properties, to enable them to refinance existing buy-to-let facilities.

One property was being prepared for sale, whilst the other required a refinance after the existing lender withdrew from the BTL market and provided a short-term extension for repayment. The additional funds released were used to settle multiple loans, giving them more flexibility and time.

QUICK LOAN OVERVIEW
🏠 Purchase bridge
🏠 Two investment properties
🏠 Combined purchase price: £600,000
🏠 65% LTV
🏠 12 month term
🏠 Retained interest

Ollie Jackson, Internal BDM, says: “It was great to get our first deal over the line with NRG Commercial. Many thanks to our Head of National Accounts, Andy Reid and Underwriter, Clare Sadler for their contributions on this one’’