--- title: "Owner-Occupied Bridge" description: "How we refinanced a London terrace house off a bridging loan, switching lenders when the redemption figure rose, and completing 5 days before expiry." url: "https://mortgagelane.com/case-studies/residential-bridge-exit-london" site: "Mortgage Lane" collection: "case-studies" date: "2026-10-06" author: "Seren Norton" category: "Case study" reviewed: "2026-10-15" reading_time: "4 min" byline: "Seren Norton" author_credentials: "CeMAP · FCA authorised firm" language: "en-GB" robots: "index,follow" --- # Owner-Occupied Bridge How we refinanced a London terrace house off a bridging loan, switching lenders when the redemption figure rose, and completing 5 days before expiry. How we refinanced a London terrace house off a bridging loan, switching lenders when the redemption figure rose, and completing 5 days before expiry. ## Residential bridge Exit: £505,133 Refinanced 5 Days Before Expiry Our client came to us with only a few months left on their bridging loan and a London terrace house to refinance. Exiting a bridge onto a [residential property loan](https://mortgagelane.com/mortgages/residential-property-mortgages) is usually a question of timing, and this case had to change course along the way. We secured a £505,133 interest-only residential mortgage on a £925,000 London terrace house, switching lender when the redemption figure moved, and completed 5 days before the bridge ended. ## Case overview *Case overview* | Detail | Summary | | --- | --- | | Property type | Owner-occupied terrace house | | Location | London | | Property value | £925,000 | | Loan secured | £505,133 | | Rate and term | 4.75%, interest-only, 2-year fixed | | Time left on the bridge at first contact | A few months | | margin before expiry | 5 days | ## The scenario Our client first approached us with a bridging loan secured on a London terrace house and only a few months left on the term. The plan was to refinance onto a residential mortgage before the term ran out, and with so little time, there was little room to spare. ## The challenges 1. **A Fixed Bridge Expiry**The bridging loan had a fixed end date. Everything, from sourcing to offer to legal work, had to be completed before that date. 2. **A Redemption Figure That Moved**The first deal was built around a loan of £440,503. Once the final redemption figure was confirmed, including interest rolled up on the bridge, it came to £505k. The first lender wouldn’t stretch to the higher amount. 3. **Switching Lender Mid-Case**With the original lender unable to go higher, the case needed a new product from a different lender, sourced and underwritten in the time that remained. 4. **Completing Before Expiry**A new lender meant a new application on a shortened timeline, with the legal work needing to finish before the bridge ended. ## The solution We first secured a deal with a lender at £440,503 and 4.65%. When the final redemption figure came in at £505k, that lender wouldn’t go to the higher amount. We sourced a new product with a different lender, who agreed a loan of £505,133, interest-only at 4.72% on a 2-year fixed rate. With time short, we called the final lender’s BDM directly to get the case over the line. It’s the kind of speed that exits through [residential property mortgages](https://mortgagelane.com/mortgages/residential-property-mortgages) need when a bridge is about to end. To make the date, a consultant at the solicitors worked over the weekend to complete the legal work. ## The outcome Re-sourcing after the redemption figure changed took the case into the final week before the bridge ended, but the loan still completed 5 days before the term expired. Our client moved onto a 2-year fixed, interest-only residential mortgage of £505,133 on a £925,000 property. ## Frequently asked questions **Can you refinance a bridging loan onto a residential mortgage?** Yes. Exiting a bridge onto a residential mortgage is a common route, as long as the property and the borrower meet the new lender’s criteria. A [residential property loan](https://mortgagelane.com/mortgages/residential-property-mortgages) exit works best when it’s arranged well before the bridge expires. **What happens if the redemption figure on a bridging loan changes during a refinance?** A bridging loan’s redemption figure can include rolled-up or accrued interest, so the final amount may be higher than an earlier estimate. If it rises after an offer, the new lender may need to reassess, and some won’t increase the loan. Asking for an up-to-date redemption statement early helps avoid this, and having a second lender in mind helps if the loan needs to increase. **How long does it take to refinance off a bridging loan?** It depends on the lender, the property and how quickly the legal work can be completed. In this case, the client approached us with a few months left on the bridge, and the loan completed 5 days before the term expired. ## Related case studies - [2026](https://mortgagelane.com/case-studies/residential-bridging-exit-10-days)Case study[Residential Bridging Exit](https://mortgagelane.com/case-studies/residential-bridging-exit-10-days)See how a client refinanced off a residential bridging loan and cleared a £500,000 balance in 10 days, 3 days before the term expired.[Read more about Residential Bridging Exit](https://mortgagelane.com/case-studies/residential-bridging-exit-10-days) - [2026](https://mortgagelane.com/case-studies/semi-commercial-bridging-loan)Case study[Semi-Commercial Bridging Loan](https://mortgagelane.com/case-studies/semi-commercial-bridging-loan)See how a client secured a £1.46m bridging loan on a semi-commercial block of 16 flats and a commercial unit, completing in just 4 working days.[Read more about Semi-Commercial Bridging Loan](https://mortgagelane.com/case-studies/semi-commercial-bridging-loan) - [2026](https://mortgagelane.com/case-studies/emergency-bridging-loan-auction)Case study[Emergency Bridging Loan](https://mortgagelane.com/case-studies/emergency-bridging-loan-auction)See how a client completed a £700,000 auction bridging loan on a former care home in just 6 days, using a desktop valuation.[Read more about Emergency Bridging Loan](https://mortgagelane.com/case-studies/emergency-bridging-loan-auction) ## Coming to the end of a bridging term? The earlier we start on the exit, the more room there is if the figures change. Published: 2026-10-06 Last reviewed: 2026-10-15 Source: https://mortgagelane.com/case-studies/residential-bridge-exit-london