“Unmortgageable” doesn’t mean worthless — it means a mortgage lender’s checklist failed. No working kitchen or bathroom, a short lease, structural movement, non-standard construction, Japanese knotweed, a flat above a takeaway: all routinely declined, all routinely bridgeable. We lend on what the property is worth and what you’ll do with it; you fix the problem; then you refinance or sell.
What makes a property “unmortgageable”
- Condition — no kitchen or bathroom, derelict, fire or flood damage, unfinished works
- Lease — too short for mortgage criteria, or defective lease terms
- Structure — subsidence history, movement, non-standard or concrete construction
- Legal and title — flying freeholds, missing rights, restrictive covenants, title splits in progress
- Use and mix — living space above commercial premises, agricultural ties
Every one of these is a discount at purchase and a profit when cured. That is the trade, and it is only available to buyers whose finance doesn’t run on a mortgage lender’s checklist.
How the bridge works
We lend at up to 70% LTV on residential investment security, from 0.79% per month, with the works funded alongside where needed through refurbishment finance. The exit is the cure: extend the lease, do the works, resolve the title — then refinance at the corrected value or sell. Auction purchases are a natural fit, since auction stock is disproportionately unmortgageable. If a bank has already declined you on the property, that is not a mark against the deal here.
Frequently asked questions
Can I get a loan on a property with no kitchen or bathroom?
Yes. Habitability rules are mortgage-lender criteria, not ours. We lend on the property’s value and your plan to bring it up to standard, then you refinance or sell once it’s habitable.
Can I get a bridging loan on a short-lease flat?
Yes — short leases are one of the most common reasons we lend where mortgage lenders won’t. The usual plan: bridge the purchase, extend the lease, refinance at the higher long-lease value.
Will you lend if my mortgage application was declined because of the property?
A property-related decline is exactly the scenario this product exists for. Tell us what the surveyor flagged and we’ll tell you the same day whether we’ll lend.
Tell us what’s wrong with it
Seriously — lead with the defect. The address, the price, the problem, and your plan to fix it gets you a same-day answer.