Expiring or Expired Loans
Fast Funding Solutions for Time Sensitive or Distressed Situations
At Springboard Funding, we specialise in unregulated default and rescue finance for property investors, developers, and limited companies. If your current lender is calling in a loan, your term has expired, or your project has fallen into default, our team can arrange a fast refinance to protect your asset and give you time to recover or complete your exit strategy.
What Is Default or Rescue Finance?
Default or rescue finance is a short term bridging facility that replaces an existing loan that’s in arrears, expired, or at risk of enforcement.
It provides immediate funding to:
- Repay a lender threatening receivership or repossession
- Clear arrears or default interest and reset your position
- Extend timelines while marketing or refinancing your asset
- Stabilise cash flow to complete sales or development work
These facilities are unregulated and designed exclusively for property investment or business purposes not for owner occupied homes.
Typical Loan Terms:
Feature: Typical Range:
Loan Size: £100,000 – £20 million+
Term Length: 3 – 18 months typically 6 - 12 months
Loan to Value (LTV): Up to 75% OMV
Interest Rates: From 0.75% per month (subject to risk profile)
Purpose: Default refinance / rescue funding
Speed: Indicative offers within 24 hours / completions in as little as 5 days
Our team understands urgency, we prioritise fast valuations, legal coordination and direct lender approvals.
Why Clients Choose Springboard Funding?
Fast decision making: access to private and specialist lenders able to move quickly.
Complex case expertise: adverse credit, receivership, or expiring facilities welcomed.
Whole of market reach: we compare terms from banks, challengers, and boutique funders.
Asset based lending: focus on property value and exit, not personal credit score.
Confidential handling: sensitive situations managed discreetly and efficiently.
When to Consider Rescue Finance:
- Your development or bridging loan has expired and the lender demands repayment.
- Your loan to value increased due to market changes and the lender withdraws support.
- You have default interest or penalties accumulating.
- A receivership or possession notice has been served.
- You need time to sell or refinance but current funding won’t extend.
Frequently Asked Questions?
Q: Can you help if I already have a receiver appointed?
A: Yes, Because of our relationships we have access to many rescue lenders.
Q: What security do you require?
A: Usually a first or second legal charge over the property, plus evidence of your exit plan.
Q: Can I consolidate multiple defaulted loans?
A: Yes, consolidation is often possible if total borrowing stays within the lender’s LTV criteria.
Q: Do I need perfect credit history?
A: No, decisions are based primarily on property value, equity, and exit route.
⚠️ Important Notice
We arrange unregulated default and rescue bridging finance for property investors, companies, and developers.
Our services are not authorised or regulated by the Financial Conduct Authority (FCA) and are not suitable for owner occupied or consumer residential properties
Case Studies
Lichfield
Staffordshire
Loan Amount: £320,000
Term: 12 months
LTV: 50%
Security: 1st
Overview:
A small property investment company used one of its existing properties as collateral to obtain a bridging loan for the purchase of an additional property. Problems arose with the second property, causing delays and leading the borrower to default on the loan.
Solution:
- Arranged a fast bridging loan to provide urgent liquidity.
- Negotiated with the existing lender to reduce default interest, stabilising the position.
- Structured the facility to give the client time to manage their assets and plan an exit.
Outcome:
The client successfully sold the properties within the agreed timeframe. The loan were redeemed in full. Despite earlier setbacks, the client maintained a level of capital gains profit and preserved their existing portfolio’s overall strength.
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Always happy to meet in person
If you’d prefer a face to face meeting to discuss your requirements, we’ll be glad to arrange it at a time that suits you. We’re available outside of regular business hours, including evenings and weekends, and are happy to travel to meet you.
Contact us
Edward
edward@springboardltd.co.uk - 07378 448 241
Aston
aston@springboardltd.co.uk - 07471 754 311
Telephone: 0121 485 0027
E-mail: info@springboardltd.co.uk
Address: 11 Brindley Place, Brunswick Square, Birmingham, B1 2LP
by appointment only
