Broker Besmir Kurti secured a £390,000 bridging loan at 65% LTV, enabling a purchase with gifted deposit and HMO conversion.
When purchasing property through a limited company, lenders often look closely at experience, credit history, and the source of funds. In this case, two directors faced several obstacles: neither had prior property ownership experience, both had adverse credit histories, and the seller was their own mother — who was also a minority shareholder in the company. These circumstances raised concerns about conflicts of interest and creditworthiness.
Broker Besmir Kurti successfully structured a £390,000 bridging facility at 65% LTV on a 12-month term. The loan allowed the client to acquire the property from their family member using a gifted deposit.
The purchase created a clear pathway to the next stage: converting the property into a 4-bedroom HMO and refinancing onto a term loan. Despite the challenges, the facility was delivered within 8 weeks of application, enabling the client to move forward with their plans.
Key Highlights
- Broker: Besmir Kurti – arranged tailored bridging solution.
- £390,000 bridging loan secured.
- 65% LTV, 12-month term.
- Delivered within 8 weeks of application.
- Exit strategy: refinance following HMO conversion.