Residential Bridging Exit

Our client came to us last-minute needing a refinance off an existing residential bridging loan, with the facility due to expire at the end of the month. With no time to lose, the case needed to move from application to completion inside a hard deadline.

We took the application from submission to completion in 10 days, clearing the £500,000 existing balance just 3 days before the bridging term expired.

The scenario

Our client approached us needing to refinance off their existing residential bridging facility, which was due to expire at the end of the month. Letting a bridging term run out without an exit in place can mean reverting to a lender's default rate or facing further charges, so the case needed to move at speed from the outset.

The challenges

A Hard Expiry Deadline

The bridging facility was due to run out at the end of the month, leaving a narrow window to secure and complete a refinance before the term lapsed.

Late Notice

The client approached us last-minute, which meant the entire process, application, offer, and completion, had to be compressed into the time remaining before expiry.

No Room for Delay in Underwriting

With the deadline fixed, any slippage in valuation, underwriting, or legal work risked pushing completion past the point where the existing facility would lapse.

The solution

We moved quickly to place the case with a lender able to turn around a residential remortgage at pace, submitting the application straight away. The case reached formal offer within 3 days, keeping the timeline firmly on track for completion before the bridging term expired. From there, we kept the legal and underwriting process moving so nothing held up completion in the days that remained, the kind of coordination that residential bridging finance exits often need when the clock is already running.

The outcome

Completion took place 10 days after the application, just 3 days before the client's existing bridging facility would have expired. The £500,000 balance was cleared in full, with the client moved onto their new facility before any risk of reverting to the bridging lender's default terms.

Frequently asked questions