Bridging Loans
Where property is concerned, speed is everything. We’re able to have a decision in principle within 24 hours, and a fully credit backed offer within 72 hours.
Never miss an opportunity
Short-term finance to help you achieve your long term goals. Say yes to more opportunities with Bridging Finance – which we can have in place in as little as five days. Ideal not just for the fast-paced world of buying and selling property, but for a range of business needs.
What is
a Bridging Loan?
Why pick
a Bridging Loan?
How does
it work?
Give me the facts
- Any UK registered or domiciled, limited or non-limited company
- Funding from £100,000 – £2.5m. Max 75% loan-to-value (LTV)
- Residential investment properties and land with planning
- Duration from 1 – 18 months
- First charge will always be registered against property
- Decision in principle within 24 hours and a fully credit backed offer within 72 hours
- It must be for a business purpose
FAQs
Although Bridging Loans are often used to ‘bridge the gap’ between selling a property and buying another, they can be used for more or less any business purpose. Perhaps you want to make a first-time property investment at an auction. Or maybe you’re looking to refurbish a property to increase the yield.
To offer you greater borrowing potential, we base our LTV on the property’s open market value, on first charge loans, we can lend up to 75% of the value for buy-to-let residential property; up to 70% for a semi-commercial property; and up to 65% for commercial premises. Unlike some other lenders we will also lend against land; up to 55% for land without planning permission and 65% for land with planning permission – depending on location and experience.
On second charge loans we can lend up to 75% of the 90-day value on residential, semi-commercial and commercial properties.
If you’d prefer to keep your monthly repayments as low as possible during the term of the loan we can offer rolled-up interest which is payable at the end. It’s worth noting that the amount due can’t exceed our maximum LTV criteria.
We always keep our requests for documents to what’s absolutely necessary. For Bridging Loans, generally, we’d be looking for your last three months’ bank statements and colour photo ID. Details of your exit route will also be required.
The Ultimate way
We’re here to support you. We make every stage as straightforward as possible.
Tell us what you need
Fill in the form below or talk your funding need through with us on the phone or we can arrange a meeting – whatever works best for you.
We’ll set to work
And we’ll do it efficiently. We only ever ask for the essential information we need to get an offer in place.
Funds released
Once everything is approved you just need to sign the paperwork. We’ll then complete the process by releasing the funds and making the facility live.
Our funding works the way you need it to
It’s why more and more businesses are choosing us as their funding partner of choice
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