What 27 South West Bridges Cost, and How Long They Took
A sample of 272 recent Lendlord bridging deals approved for disclosure includes 27 in the South West. Auction purchases make up 44%, and 56% record refinancing as the exit.
Four numbers from 27 South West deals
Taken across all 27 South West deals; days to funds use the 23 with clean dates. Only Plymouth has the 10 deals a median of its own needs.
- £120,000
- Median loan
- 63 days
- Days to funds
- 44%
- Bought at auction
- 44%
- Sale as the exit
Auction bridges in the South West
Auction lots are the one South West deal type with 10 or more files. The 12 auction bridges had a median loan of £100,000 at 75% LTV and 1.04% a month, and funds took a median 52 days.
Will rent cover the refinance?
Start with the regional median: £120,000 borrowed at 1.05% a month for a year, with the interest rolled in.
Simple interest is £120,000 x 1.05% x 12 = about £15,100, before fees, so about £135,100 is owing on the day you refinance.
Let homes on Lendlord in the region record a median rent of £1,150 a month. The usual buy-to-let test is 145% cover at a 5.5% stressed rate.
On that test the rent carries £1,150 x 12 / (145% x 5.5%) = about £173,000 of mortgage, comfortably more than the bridge.
The tighter test is value. For a 75% mortgage to repay the bridge, the finished home needs a valuation of £135,100 / 75% = about £180,100.
Where the South West deals are
Plymouth carries almost half of the region's files, and Teignbridge comes next. The rest are spread one to three to a council area.
| Council area | Deals | Main postcode area | Page |
|---|---|---|---|
| Plymouth | 12 | PL | Own page |
| Teignbridge | 5 | TQ | |
| Bournemouth, Christchurch and Poole | 3 | BH | |
| Cornwall | 2 | TR | |
| Bristol | 1 | BS | |
| Cheltenham | 1 | GL | |
| Somerset | 1 | BA | |
| Tewkesbury | 1 | GL | |
| Torbay | 1 | TQ |
Counts are deals in a sample of 272 recent Lendlord bridging deals approved for disclosure.
Local rent and renewals where records allow
Only these South West councils have 10 or more platform records for rent or for dated mortgages.
| Council area | Median recorded rent | Mortgages ending within 12 months |
|---|---|---|
| Plymouth | £850 | 33% |
| Cheltenham | £1,025 | Too few records |
Platform snapshot 30 September 2026. The renewal share counts only mortgages with an end date recorded, and needs 10 of them.
South West pages with their own figures
Mortgage rates landlords hold here
On 30 September 2026, Lendlord recorded 796 live South West mortgages, at a median rate of 4.45%. 26% of those with an end date run out within 12 months.
Test your South West bridge before the auction
Enter the price, the loan and the exit you expect, and see the balance you will need to refinance.