Signature Property Finance has completed a £148,833 bridging loan to support the sale of a vacant bungalow in Gosport, Hampshire, enabling the borrower to raise capital ahead of the property’s disposal on the open market.

Structured and introduced by Sharon Guy of The Professional Landlord Hub, who recognised and selected Signature for its ability to support capital raise transactions with distinct exit routes and strong underlying security.

Supporting capital release with solid fundamentals

The borrower is a retired individual with a substantial unencumbered primary residence and healthy pension income. The property being financed is a second home that the borrower uses occasionally but wishes to dispose of to release capital.

Signature’s facility, set at 51% loan-to-value against the property’s market value of around £290,000, provides capital at a conservative level while the borrower arranges the property’s sale. The 12-month term provides comfortable time for marketing and completion, with the borrower’s strong financial position supporting the structure throughout.

The property is a vacant two-bedroom semi-detached bungalow in good condition, located in Alverstoke, Gosport. The area benefits from its coastal position on the Solent, offering attractive surroundings and good local amenities.

Gosport provides convenient access to Portsmouth, Southampton and the wider South Coast, with the Gosport Ferry offering direct links to Portsmouth Harbour. The area appeals to downsizers and those seeking coastal living, supporting steady demand for well-presented properties.

Open market sale with options

The primary exit route is via open market sale, with 12 months providing ample time for marketing and completion. The property’s good condition and attractive bungalow format support marketability in an area with steady demand from purchasers seeking coastal properties.

As a secondary option, the property could be refinanced onto a buy-to-let mortgage based on market rental evidence, which indicates comfortable interest cover. However, given the borrower’s intentions and the property’s strong sale prospects, the open market exit remains the focus.

Sharon Guy of The Professional Landlord Hub commented: “Having fully assessed the client’s requirements and the need to release capital on strong fundamentals, Signature was the obvious choice. They handled the transaction with efficiency and professionalism, clearly understanding the client’s objectives and moving quickly to deliver the right solution.”

“The client had defined objectives and strong financial fundamentals, which made the process much easier to navigate. Signature’s pragmatic approach to these types of capital raise transactions, combined with their willingness to work through the Land Registry transfer situation, demonstrates how they think and act like a partner.”

Andrew McGill, Operations Manager at Signature Property Finance, said: “This deal exemplifies the type of proposition we’re always keen to fund. We’re backing someone with excellent financial fundamentals and a clear plan to dispose of a quality asset in a desirable location.

“The South Coast property market continues to show resilience, particularly for well-maintained bungalows in coastal locations like Alverstoke. The borrower’s substantial equity position and strong personal finances provide multiple layers of security.

“With conservative leverage and a quality asset in a good location, we’re confident in the borrower’s ability to execute their sale strategy successfully.”