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Malaga · BridgingOverseas purchase
£230k bridging loan secured against UK property to buy a Malaga apartment
£230k · c.25% LTV · 36 days to completion
36 days to completion
In short
How was £230k bridging loan secured against UK property to buy a Malaga apartment financed?
Clifton International arranged regulated bridging loan for this Edinburgh / Malaga transaction — £230k, c.25% LTV, 36 days to completion. £230k regulated bridging loan secured against a £965k unencumbered Edinburgh residential property, c.25% LTV, used to complete the purchase of a Malaga apartment.
- Location: Edinburgh / Malaga. Finance type: Regulated bridging loan.
- Time to funding: 36 days to completion.
- Our client was relocating to Malaga to live near her daughter and had found a £230k apartment that ticked every box. The Malaga property was likely to sell quickly, while her main residence in Edinburgh — a unique, high-value detached home worth £965k with no mortgage — was expected to take longer to sell.
- The bridging offer was secured in 12 days, legal work completed in 24 days, and funds cleared in 36 days — allowing our client to secure her new home in Malaga without losing it to another buyer.
- Loan amount
- £230,000
- Security value
- £965,000
- LTV
- c.25%
- Use of funds
- Malaga apartment purchase
- Offer secured
- 12 days
- Completion
- 36 days
- Challenge
- Our client was relocating to Malaga to live near her daughter and had found a £230k apartment that ticked every box. The Malaga property was likely to sell quickly, while her main residence in Edinburgh — a unique, high-value detached home worth £965k with no mortgage — was expected to take longer to sell.
- Solution
- Using the unencumbered Edinburgh property as security, we arranged a £230k regulated bridging loan at approximately 25% LTV. This low loan-to-value opened up competitive bridging options despite the overseas use of funds. We negotiated terms with a specialist lender, managed the share-of-freehold complication, and chased both sets of solicitors through UK and Scottish legal overlap.
- Funding structure
- £230k regulated bridging loan secured against a £965k unencumbered Edinburgh residential property, c.25% LTV, used to complete the purchase of a Malaga apartment.
- Outcome
- The bridging offer was secured in 12 days, legal work completed in 24 days, and funds cleared in 36 days — allowing our client to secure her new home in Malaga without losing it to another buyer.
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FAQs
Questions on this case
- Can I use a UK property as security for a bridging loan to buy in Malaga?
- Yes. UK regulated bridging lenders will lend against an unencumbered or lightly mortgaged UK residential property and permit the funds to be used to purchase a home in Spain, including Malaga. In this case, £230k was raised against a £965k Edinburgh home at c.25% LTV.
- How quickly can a bridging loan for an overseas property purchase complete?
- With a low LTV, clean UK security and a proactive legal team, completion is typically 4–8 weeks. This Malaga case study completed in 36 days — offer in 12 days and legal work in a further 24 days.
- Is a bridging loan cheaper than a Spanish mortgage for a Malaga apartment?
- Not usually on headline rate, but a UK bridge can be faster, avoids Spanish non-resident mortgage underwriting delays, and lets buyers proceed as cash in Spain. It is typically refinanced onto a longer-term facility or repaid from the sale of the UK property.
- What loan-to-value can I raise against an unencumbered UK home for an overseas purchase?
- Regulated bridging lenders typically go up to 65–70% LTV against a UK residential property, subject to exit strategy. Lower LTVs — as in this 25% LTV Malaga case — unlock the most competitive pricing and fastest turnarounds.
More answers in our UK mortgage FAQs, covering standard mortgages, expat applications, foreign-currency income and bridging.
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