The people, amounts, property and circumstances are invented to explain a borrowing brief. No lender, rate, approval, completion or client outcome is claimed.
- Loan requested
- £950,000
- Loan type
- Bridging
- Property type
- House
- Illustrative price
- £1,450,000
- Contribution to price
- £500,000
- Illustrative loan-to-value
- 65.5%
The price contribution excludes taxes, fees, interest, works and other transaction costs. Those need a separate budget. The ratio illustrates arithmetic, not lending criteria or eligibility.
The borrower’s brief
An investor is considering a Hammersmith house for £1.45 million, with £950,000 proposed bridging and £500,000 towards the purchase price. Refurbishment, transaction costs and finance costs would be funded separately. The intended repayment route is a sale after the work.
The question behind the loan
The purchase, works programme and repayment plan must fit together. A projected resale value is an assumption to examine, not a guaranteed outcome. The brief should explain the property’s present condition, the proposed scope and what happens if permissions, contractors or a sale take longer than expected.
Information to bring together
- Current survey information and a defined schedule of proposed works.
- Professional advice on required permissions and evidence of any existing consents.
- Quotes, available works funds, contingency and the carrying-cost budget.
- Independent sale evidence and a delayed-sale or lower-price sensitivity review.
Where the assessment goes next
Before a finance application progresses, unresolved works and repayment dependencies need to be identified. The proposal does not assume that borrowing will fund every cost or that the improved property will achieve the target price.
Discuss your own circumstances
A similar loan amount or property type does not mean the same finance is available. Income, commitments, credit history, the property and current terms need an individual assessment. Tell Jack what you want to achieve and any part of the plan that remains uncertain.
Prepared for Jack Cousins, Head of Mortgages at Lockhart Murphy. Updated 10 November 2026.
About Jack · How site content is prepared · Fees and service details