Probate Bridging - Singapore-Based Beneficiary, Sibling Buyout
£453,333 bridge · 67% LTV · 0.82% pm. A Singapore-based beneficiary buying out two siblings' shares in a £680,000 Reading family home pre-probate, then refinancing to a BTL mortgage.
The Client
British national, 55. Singapore resident for 18 years. Two siblings in the UK.
The Challenge
The borrower's parents' property in Reading, a family home valued at £680,000, was to be distributed to three beneficiaries. The Singapore-based sibling wished to purchase the other two shares (total £453,333) and retain the property as a UK investment. Probate had not yet been granted, the title was complex, and mortgage lenders typically decline pre-probate. The borrower was a non-resident with no existing UK BTL mortgage experience.
Our Solution
Doulton assessed the exit (refinance to a BTL mortgage on grant of probate) and structured a 9-month probate bridging loan secured against the property on the basis of anticipated probate completion and a clear valuation. The Singapore-resident status was accepted given the low LTV (67%) and the strong Reading residential security. The two UK-resident siblings were served their purchase price from the bridging draw, allowing estate distribution to proceed while title transferred to the Singapore sibling.
The Outcome
£453,333 probate bridge completed. Probate granted at month 7. Doulton then arranged a BTL remortgage of £442,000 (65% LTV) to redeem the bridge. The property is now tenanted at £2,200 pm, the Singapore-resident landlord's first UK investment property. Key highlights: probate bridging on complex title accepted; Singapore non-resident status accommodated at 67% LTV; sibling buyout and estate distribution completed cleanly; exit to BTL arranged before the bridge expired.
Related Services
The finance products behind a case like this one.
Related Guides
Plain-English explainers if you want to understand the options first.