Our new year case study kicks off with a client who recently purchased a property to develop and move in to, and thereafter let their existing residential property out.


Initially, they thought that a Let to Buy (LTB) mortgage may be the best solution for them. However, not only did the interior works cost more, but they also took longer than planned.

As a result, they needed to raise capital from their existing unencumbered residential property to pay for the rest of the works on the new property. What’s more, the client needed the funds within two weeks to pay for the next bill issued by the builders.


Broker Molly Smith knew that in order to raise funds asap, the most suitable solution for the client was a first charge regulated bridge on the existing residential property.

Using her product knowledge and lender relationship, Molly sourced a bridge with United Trust Bank (UTB) who after explaining the urgency of funds, worked hard to complete within 11 working days from application submission. Despite some team annual leave and Christmas holidays imminent, UTB excelled at their service delivery working behind the scenes to provide the client with exactly what they needed just in the nick of time!