Case Study: Bridging Finance for Investment Property in Worsley

When our clients spotted an investment property in Worsley, they needed a fast and flexible funding solution. Traditional mortgage finance wasn’t available due to the property’s condition, but with Pyxis Capital’s support, they secured bridging finance to complete the purchase and begin a refurbishment project. This case study shows how bridging loans in Greater Manchester can help property investors unlock opportunities and achieve long-term returns.

The Challenge

The clients had a pre-auction offer accepted on Farm Lane, Worsley, and needed to move quickly to secure the deal. However, the internal condition of the property meant it was not mortgageable in its current state. This ruled out a standard Buy-to-Let mortgage at purchase, creating a funding gap.

The Solution – Bridging Finance in Worsley

Working with Andrew Stewart, bridging finance advisor at Pyxis Capital, the clients secured a short-term bridging loan in Greater Manchester that provided the flexibility they needed. Bridging finance is often the ideal solution for investment property purchases where refurbishment is required, and in this case it enabled the clients to complete quickly and start their project without delays.

Strong communication was key. Solicitors, the lender, and Pyxis Capital worked in close collaboration, ensuring every stage of the process ran smoothly. This proactive approach meant the bridging loan was arranged within the necessary timescales, giving the clients confidence from start to finish.

The Investment Strategy

The clients’ plan was straightforward but effective:

  • Carry out a full refurbishment of the investment property.

  • Enhance the overall property value.

  • Significantly increase the rental income potential.

By using bridging finance for refurbishment, the clients are transforming an unmortgageable property into a high-yielding long-term investment.

The Exit Plan – Remortgaging onto a Buy-to-Let Mortgage

Once the works are complete, the bridging finance will be repaid by remortgaging onto a Buy-to-Let mortgage product. This exit strategy allows the clients to secure a sustainable long-term solution while benefiting from the improved property value and higher rental yield.

Why This Case Matters for Property Investors

This case study highlights the flexibility and opportunity provided by bridging loans for property investment in Greater Manchester. For properties that require work before being eligible for mainstream lending, bridging finance can be the crucial first step in the journey.

It also demonstrates how important it is to have a clear exit strategy, such as a Buy-to-Let remortgage after refurbishment, and the right finance partner to guide you through the process.

At Pyxis Capital, we specialise in bridging finance, refurbishment funding, and property investment mortgages. Our goal is to provide bespoke solutions that help clients move quickly, overcome obstacles, and maximise returns on their property investments.

Looking for bridging finance in Worsley, Manchester, or beyond?
Contact Pyxis Capital today to discuss how we can help you secure the right funding for your next investment project.

Tel: 01257 543072