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Bridging Loans in London: £245,000 Median, 38% Bought to Let

Lendlord's latest bridging deals, of which 272 are approved for disclosure, include 29 in London. The median loan is £245,000 at 65% loan-to-value. 38% were bought to let out and 24% were auction purchases, and the refinance is tight.

Check a bridge

London rents barely cover the refinance

London is where the remortgage exit gets close. A median bridge of £245,000 at 1.07% a month, with interest rolled up for 12 months, adds £245,000 x 1.07% x 12 = about £31,500. That leaves about £276,500 owing. This is simple interest with fees left out; a lender that compounds monthly ends higher.

A buy-to-let lender usually tests the rent at 145% of the mortgage interest at a 5.5% stress rate. On £276,500 that is £276,500 x 145% x 5.5% / 12 = about £1,840 a month. The median rent recorded on London let homes is £1,837: almost exactly the line.

That is why the exits split almost evenly: 52% of London deals were repaid by refinancing and 45% by selling. On the value side, a 75% mortgage that clears £276,500 needs the home to value at about £276,500 / 0.75 = £368,700.

London bridging in four figures

Across 29 London deals among the 272 disclosed. Funds arrived in a median 56 days on the 24 timed files, with outliers and same-day records left out.

£245,000
Median London loan
65%
Median LTV
38%
Bought to let out
45%
Repaid by selling

London bridges on rental purchases

Buy-to-let is the only London deal type with 10 or more files. The 11 buy-to-let bridges had a median loan of £410,000 at 43% LTV and 1.15% a month. Funds arrived in a median 56 days on the timed files.

London boroughs with a deal

London deals are spread across 18 boroughs, mostly one or two each, so London figures are reported for the city as a whole.

London boroughs with a deal
Council areaDealsMain postcode area
Kensington and Chelsea3SW
Waltham Forest3E
Westminster3SW
Barnet2NW
Enfield2EN
Greenwich2SE
Harrow2HA
Wandsworth2SW
Brent1NW
Bromley1SE
Ealing1NW
Hillingdon1UB
Islington1N
Lambeth1SE
Merton1SW
Newham1E
Sutton1SM
Tower Hamlets1E

A borough's median monthly rent, and the share of its mortgages with an end date due within 12 months, need 10 or more platform records. Four boroughs have them: Enfield £1,700 and 23%; Harrow £2,350 and 23%; Bromley £2,275 and 27%; Sutton £1,600 and 29%. Other boroughs have under 10 platform records. Platform snapshot 30 September 2026.

Mortgage rates London landlords hold

On 30 September 2026, London landlords on Lendlord accounts approved for disclosure recorded 2,002 live mortgages at a median rate of 4.2%. 22% of those with an end date are due within a year.

Lendlord customers on Trustpilot

Bridging and mortgage customers on working with the Lendlord team, quoted as written.

  • Fantastic property finance service

    “I have used Lendlord a couple of times for bridging finance and mortgages. Their process is straight forward with competitive rates.”

    Ope

    Verified review on Trustpilot from Ope

  • 5stars! I have been in the property industry…

    “I have been in the property industry for more than a decade and I can honestly say Simmy (and Fraser) from Lendlord have been by far the absolute best mortgage brokers I have ever dealt with, it's a fact. Looking forward to be doing more business together, thank you so very much!”

    Pietro Bonanno

    Verified review on Trustpilot from Pietro Bonanno

  • Lendlord has provided a fantastic…

    “Lendlord has provided a fantastic service for my limited company purchase of 6x flats. They made everything so easy, obtaining a multi-property mortgage for the portfolio purchase. Once offer was received, they reviewed the rates weekly and updated offer twice with a better rate before completion…”

    Mr. Alistair Persheyev

    Verified review on Trustpilot from Mr. Alistair Persheyev

Check a London bridge against the rent

Put in the loan, the rate and the term to see what you would owe at exit, then check it against the rent.

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