Get the Right Development Exit—Save Thousands

How We Saved Our Client Thousands on a Time-Sensitive Refinance for a Luxury Custom-Built Home with Equestrian Facilities

Bridging finance is all about timing—get it right, and you secure the best deal. Get it wrong, and you could overpay thousands.

This is the story of how we helped a client secure a development exit refinance just in time, saving them thousands on their custom-built prestige home with equestrian facilities.

The Challenge

Our client was nearing the end of their bridging finance term and needed a development exit refinance—fast. Their property, a stunning custom-built home with equestrian facilities and outbuildings, was almost complete, but £50,000 of works remained.

When they approached us with a quote from another lender, we immediately spotted three costly mistakes:

1. Wrong Product, Higher Rate
   Their existing broker had placed them on a product with a 1.05% monthly interest rate—0.10% per month (1.20% per annum) higher than necessary.

2. Works Funded in Arrears, Not Upfront
   The lender agreed to fund the remaining works in arrears, leading to additional costs and delays.

3. Unnecessary Broker Fees
   A 1% broker fee added £6,500 to their costs—a significant expense on a high-value loan.

With time running out and their luxury property at risk, they needed a smarter solution—fast.

How We Turned It Around

🔍 Step 1: Finding the Right Product
We reassigned the deal to the correct product, immediately reducing their interest rate by 0.10% per month.

💰 Step 2: Eliminating the 1% Broker Fee
We don’t charge upfront or additional fees. That £6,500 broker fee? Gone.

📉 Step 3: Negotiating an Even Lower Rate
After a higher property valuation, we switched them to a lower Loan-to-Value (LTV) product, reducing their rate to just 0.89% per month—a 15% saving from the original offer.

The Result? A Faster, Smarter, and Cheaper Refinance

Our client walked away with:
✅ A lower interest rate of 0.89% per month
✅ £6,500 saved in unnecessary broker fees
✅ £50,000 of works funded upfront, saving £1,900 on drawdown fees

Without our intervention, they would have been locked into an expensive, misstructured deal. Instead, they secured an affordable loan just in time for the completion of their dream home.

Why a Second Opinion Matters

Bridging finance moves fast, and mistakes can be costly. If you’re nearing the end of your bridging term, need a development exit refinance, or want to ensure your deal is the best it can be, don’t leave it to chance.

📞 Contact Us Today
The right deal could save you thousands. Let’s make sure you get it.

Want to Learn More About Development Exit Finance?
Visit our website or get in touch to explore how we can help you save time, money, and stress on your next project.