TAB completes £611,250 bridging loan to fund £815,000 property purchase in Iver

02 September 2026

TAB has completed a £611,250 bridging loan to help an experienced investor acquire a three-bedroom detached property in Iver, Buckinghamshire.

The 12-month first-charge facility was provided at 75% LTV, with an interest rate of 0.8125% per month, and was arranged by specialist broker AXK Finance.

The borrower purchased the chalet bungalow for £815,000. The commercial mortgage lender and bridging specialist structured the facility around the borrower’s multiple exit routes.

The property is currently vacant and requires modernisation, with the borrower intending to apply for permission for a two-storey extension that would create three additional bedrooms. A Decision in Principle provides for a gross development value of £960,000, with a net day-one loan of £539,000 and a further £50,000 available to fund the works. This would leave a shortfall of approximately £70,000, which the borrower has sufficient company funds to cover.

If planning permission is not granted, the borrower intends to undertake a refurbishment costing between £30,000 and £50,000. A valuer has confirmed the property is in a lettable condition and the works will be primarily cosmetic – including updating the kitchen and bathroom, redecorating and replacing flooring. The borrower has provided a Decision in Principle from a buy-to-let lender, based on a gross loan of £615,000 at 75% LTV.

With the borrower’s established property portfolio, proven experience and multiple refinance options available, the exit strategies provide clear routes for repayment of the bridging facility.

Sophie Meller, senior BDM for London at TAB, said:

“With an experienced property investor acquiring an asset with several potential routes forward, this was a strong case for bridging finance. The borrower had a clear understanding of the property, the plans and the available exit strategies, which gave us confidence in the transaction.

“The condition of the property also meant that the borrower was not dependent on completing the works before securing a refinance exit. There was a straightforward buy-to-let refinance route based on the existing property value, alongside the planning and extension option.”

Gena Karaj, founder of specialist broker AXK Finance, said:

“TAB understood the borrower’s experience, existing portfolio and the different options available for the property. The ability to proceed on a 75% LTV basis allowed the purchase to complete while leaving the borrower with flexibility over whether to pursue the extension and refurbishment works.

“TAB provided a professional and efficient service throughout the process. Communication was clear, the team were responsive and Sophie, in particular, was very helpful. TAB’s pragmatic approach helped keep the transaction moving, bringing momentum to lending. This was a positive experience and I look forward to working with TAB again.”

TAB's underwriting was carried out by bridging specialist Waheeb Husaini.