Our client, a UK expatriate dividing time between the Middle East and the UK, required urgent funding to buy out an ex-spouse’s share of a £1.26 million primary residence. The property was a mixed-use asset, serving as both a private home and a short-term holiday let, requiring careful presentation due to its dual-use nature.
Million Plus Private Finance reviewed the client’s complete financial profile, coordinated a professional valuation, and approached specialist bridging lenders experienced in high-value lending for expatriates. Strategic presentation of the client’s multi-property portfolio and international income was key to securing approval.
The client secured a £1.26 million bridging facility at 74% LTV with rolled-up interest over a 12-month term. Funds were released efficiently, enabling the buyout to complete while preserving ownership of the property and its short-term letting income.
