Kuflink salvages client commercial purchase to beat Stamp Duty deadline

14 May 2025

Kuflink, the specialist bridging lender, came to the rescue of a broker and their client, who wanted to complete the purchase of a vacant public house but had been let down by another lender.

Using desktop valuations and employing indemnity insurance to expedite the conveyancing, the transaction was completed in three weeks from first enquiry. Just in time to beat the recent Stamp Duty deadline.

Kuflink was able to fund 100% of the purchase price and associated fees for the pub (£903,720) by taking a charge on the pub and a restaurant already owned by the buyer. Using Kuflink’s high LTV commercial bridging product, and taking both properties as security, the total LTV was 66% of the combined valuations.

Speaking about the deal, Mikie Butcher, Business Development Manager at Kuflink, said,

“When the original lender pulled out because they insisted on full valuations, the clients’ adviser came to us. Thinking outside the box has always been a hallmark of Kuflink’s philosophy to find the right lending solutions and in this case, by taking a charge on both properties and the judicious use of desktop valuations and indemnity insurance to speed up the conveyancing process, Kuflink was able to complete this case in record time.”