£90,000 Bridging Loan Helps Complete Prestige Development and Protect Project Profit

02 July 2026

For experienced property professionals, development projects rarely follow a perfectly straight line. Unexpected costs, specification upgrades and changing market conditions can all impact budgets, particularly when delivering high-end homes where maintaining quality is essential.

That was the situation facing a recent HFBS client. The borrowers owned a substantial detached home set within approximately two acres of land in a highly desirable location.

Having secured planning permission to construct an additional executive-style detached property within the grounds, they managed the development themselves and successfully progressed the build to a watertight stage. However, as the project advanced, costs exceeded original expectations in several areas.

With the property not yet complete, selling was not a viable option. As an unfinished development, it was neither habitable nor suitable for conventional mortgage finance. The limited pool of cash buyers willing to take on the project would have significantly reduced the property's value, resulting in a substantial loss of profit and years of hard work.

The clients estimated that they required a further £90,000 to complete the internal works, landscaping and final finishing touches needed to bring the property to market. HFBS took time to understand the project, the security available and, importantly, the borrowers' long-term objectives.

Rather than focusing solely on the unfinished property, HFBS structured a solution using a second charge over the existing freehold title, which included both the clients' home and the development project. This allowed HFBS to provide a net loan of £90,000, giving the borrowers the capital required to complete the build to the standard originally intended.

Once finished, the plan is to obtain the completion certificate and new-build warranty before splitting the title and selling the completed property. The anticipated sale proceeds will not only repay the HFBS facility but also clear the existing mortgage secured against the clients' home, allowing them to move into retirement mortgage-free.

Dan Yendall-Collings Director at HFBS says:

“Some projects simply need a lender willing to look beyond the obvious and understand the bigger picture. Due to the unique nature of the security, a full commercial valuation was required to accurately assess the property's position and the impact of the partially completed development on overall value. Despite the complexity of the case, we were able to offer funding at 1.59% and complete the transaction within just 10 working days.”

Many lenders would have struggled with the combination of an unfinished development, a unique security profile and a requirement for swift completion. As a privately funded lender with in-house decision-making, HFBS was able to assess the wider picture and focus on the strength of the project, the borrowers' experience and the clearly defined exit strategy.

The result was a practical funding solution that protected the value of the development, preserved profitability and helped the clients move one step closer to achieving their goal of retiring mortgage-free.

Deal Summary
Loan Amount: £90,000
Security: Second charge over residential property and development site
Purpose: Complete internal works and landscaping
Rate: 1.59%
Exit: Sale of completed development
Completion Time: 10 working days

HFBS specialises in fast, flexible bridging finance solutions, with a strong focus on practical underwriting, clear communication and giving brokers confidence that urgent cases can be handled efficiently when timing matters most.