£1.4m bridge unlocks lease extension strategy in St John's Wood
Original Article Summary
<p>A £1.46m bridging finance facility from SDKA is enabling a property investor to purchase a luxury St John's Wood apartment and pursue a Section 42 lease extension to broaden refinancing options.</p>
PropMatch Curated Analysis
A London investor used a £1.46m bridging facility at 75% LTV to acquire a high ground rent leasehold apartment, using the loan term to pursue a Section 42 lease extension that will widen BTL refinancing options once resolved. The article illustrates bridging finance as a strategic tool for unlocking leasehold assets otherwise constrained by lender criteria.
Investor Relevance
Highly relevant to investors holding or considering leasehold apartments with high ground rents, which increasingly fail mainstream BTL lender criteria. The S42-during-bridge strategy offers a concrete route to resolving lender restrictions and improving exit or refinancing options — a structural issue affecting a significant slice of the London leasehold market.
Original Source:
Property ReporterStay Updated
Subscribe to our weekly briefings for curated property news and insights