< img src="https://www.propertywire.com/wp-content/uploads/2026/03/property-news-1773316837718.webp"alt =""> A former pub owner has actually acquired a heavy repair bridging loan to convert his previous company facilities into a property house, according to Exact Mortgages, which set up the financing in partnership with broker KIS Bridging Loans.
The debtor had actually protected planning consent for the change of use from commercial to property before approaching lenders. Exact offered 70% loan-to-value funding on day one, with additional capital available through staged drawdowns as building and construction advances.
Managed conversion funding
The transaction included a regulated bridging center due to the customer’s objective to occupy the transformed home as his main home. Ross Williams, specialist finance account manager at Accurate, dealt with Sam O’Neill, senior bridging specialist at KIS Bridging Loans, to structure the offer.
“This case assists highlight just among the many manner ins which bridging can assist supply a sound financial service towards a client’s goal, which in this case was very much a personal focus,” said Alan Kimber, head of bridging at Exact.
Kimber kept in mind that the specialist bridging team makes use of the lender’s 15 years of experience in the bridging market.
Broker point of view on complex cases
O’Neill from KIS Bridging Loans specified that controlled club conversions needing drawdown centers fall outside typical bridging requirements. “A regulated pub conversion requiring drawdowns is not a typical bridging case and this is where it is essential to look beyond the headings of the offer,” he stated.
The broker mentioned the working relationship with Accurate’s underwriting group as a consider completing the deal. “Whilst complex offers require to tick a few boxes to fit criteria, it is very important that all options are explored to ensure the customer isn’t left with an unnecessarily costly outcome,” O’Neill included.
The case reflects the bridging market’s capability to finance non-standard home conversions, particularly where debtors have individual connections to the asset being re-financed. The staged drawdown structure enables debtors to gain access to capital as repair work progresses, instead of requiring full funding upfront.