Our client, a UK expatriate dividing his time between the Middle East and the UK, needed urgent funding to buy out his 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 short-term holiday let. Traditional lenders were hesitant due to the property being used as both a private residence and as a short-term holiday let.
Raising over £1.2 million with international earnings and a mixed-use property required a lender familiar with complex, high-value bridging loans for expatriates. Speed and discretion were critical.
Million Plus Private Finance reviewed his full financial profile, coordinated a professional valuation, and approached specialist bridging lenders. We highlighted his asset strength, stable overseas income, and refinancing plan.
Our client secured a £1,263,600 bridging loan at 74% LTV with a competitive, market-leading rate. The interest was rolled up over a 12-month term, providing immediate liquidity and flexibility. Funds were released quickly, enabling the buyout and preserving ownership of the property and holiday lets.
