SDKA delivers £1.4m bridge for high-end purchase and S42 strategy

21 May 2026

A property investor is using a £1,462,500 Residential bridge from SDKA to purchase an apartment in St John’s Wood, then using the term to issue a Section 42 (S42) to support their future refinance strategy.

The three-bedroom luxury apartment, located within the highly sought-after Yoo Building, is currently subject to a high ground rent which restricts the number of buy-to-let lenders willing to provide term mortgages.

By serving an S42 notice, which typically takes anywhere from three months to one year to complete, the borrower will be able to extend the lease and reduce the annual ground rent liability to significantly broaden the range of refinancing options available.

The deal, which was introduced by Jack Cuthbert, a High-Net Worth Finance Broker at Articus Finance, was competed at 75% LTV on a Flat Rate of 0.84% pcm over 12 months.

Jack said:

“My client’s requirements for the loan were quirky to say the least. SDKA were excellent, they addressed each point, the entire process was smooth and efficient and their communication was extremely impressive. In such circumstances to deliver the loan my client required is simply faultless.”

Kunal Mehta, managing director of SDKA, said:

“This is a bridging finance as a true solutions product, using the money to acquire an in-demand property in a highly sought after location and then using the term to open up the number of lenders who will provide long-term buy-to-let finance.”

Founded in 2016, SDKA is an unregulated bridging lender offering products on Residential, Semi-Commercial and Commercial properties across England, Wales and Scotland. The lender offers fixed interest rates from 0.84% per calendar month up to a maximum LTV of 75%.