Large Loan to Cover an Impressive Country Manor and Surrounding Properties

LTV:

67%

Gross Loan Amount:

£6,300,000

Property Value:

£9,450,000

Initial Circumstances

An existing broker came to us with an enquiry from clients who were looking to raise finance to clear an existing debt against the security asset as well as another debt against an additional asset. The asset was a large country home with 17 bedrooms located in West Sussex. The property also had additional outbuildings located around the main residence, which had planning permission already approved for conversion into holiday lets.

The clients had previously applied for planning permission to convert the property into a hotel, but had changed their mind, instead deciding to separate the building into multiple residential dwellings to maximise their potential property yield. They needed further time for their enhanced residential planning application to be approved.

Knowing we specialise in complex bridging loans, the broker came to us with the case in the knowledge that we would be able to facilitate such a large loan, despite the complex circumstances surrounding the case.

Upon receiving the enquiry, it was clear the clients were experienced landlords who had a strong background with bridging finance and buy-to-let assets. Taking all areas into consideration, we accepted the case and got started on the lending process.

Our Solutions

One of the biggest complications facing the Market Financial Solutions underwriter was finding a valuer who would be able to conduct a valuation report due to the complex nature of the asset however, due to our extensive panel of valuers, we were able to source a valuer to assist.

Upon receiving the valuation report, we were able to raise the funds needed to clear the finance currently secured against the property. After arranging the funds to refinance the debt against the security asset, we were also able to raise the requested additional finance, meeting the clients’ needs. The borrowers then had time for their planning enhancement application to be approved which would enable them to sell the asset at a higher value.

Unlike other bridging lenders, to ensure our clients received the best value for their asset, we were able to lend against the open market value.

The Benefits

Due to complexity of the asset and time constraints, our underwriter and BDM worked closely with the broker to ensure all elements had been covered, and the correct valuer was sourced.

As a bridging lender, our loans are not restricted by tick-box criteria. Whilst other lenders may not be able to provide funds for such a large loan, and for such a complex case, our expertise in complex circumstances and product flexibility allows us to cater to this rising demand in the market.

FAQs

Can you lend on high-value estate portfolios like country manors and the surrounding estate?

Yes, we regularly support estate-style asset transactions. In the country manor case, we provided a substantial loan to refinance existing facilities across multiple properties, allowing the owner to simplify their finances. Our in-house funding and experienced underwriting team enabled us to handle large assets flexibly and quickly.

How do you structure funding for diverse assets like a manor house with outbuildings or land?

We structure a single coherent facility against all assets in the portfolio, allowing cross-collateralisation. This tailored structure simplifies administration and provides a comprehensive view of the security. It also enables you to unlock equity and refinance legacy debt in one seamless transaction rather than through multiple facilities.

What makes your lending process well-suited to large and complicated real estate transactions?

Our strength lies in our ability to act fast and think creatively. We make decisions in-house and can tap multiple funding lines simultaneously. This means we can move quickly on large transactions and adapt to changing exit strategies or asset mixes, delivering certainty and speed for larger projects.

Why might estate-type investors choose a bridging solution over long-term mortgages?

Estate owners often require short-term flexibility – for refinancing debt or funding preparatory works – before seeking long-term funding or selling the asset. Bridging allows them to maintain momentum and capitalise on estate value swiftly. Our large bridging capability can support these interim needs precisely and help bridge the gap to long-term objectives.