Bridging Finance

Interim funding until you secure long-term property finance

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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' light blue Icon

What is
Bridging Finance?

A short term loan that gives you the financial capability to act now. It’s typically used to buy property, land or bid at auctions, but can be used for any business purpose.

'Why pick' light blue Icon

Why pick
Bridging Finance?

When you’re buying or bidding for property you need to be able to raise finance quickly. This gives you the interim finance to do that. Our Bridging loan makes the process straightforward.

How does it work light blue Icon

How does
it work?

Our expert team will discuss your needs with you, then make you a loan offer for up to 75% loan-to-value.

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Give me the facts

  • Any UK registered or domiciled, limited or non-limited company
  • Funding from £50,000 – £2.5m. Max 75% loan-to-value (LTV)
  • Duration from 1 – 18 months
  • First or second charge will always be registered against property
  • Quote within one hour with a fully credit backed offer normally received within 72 hours
  • We aim to have funding released within a week. If you need it quicker, we’ll do everything we can
  • Set-up fee of 1.5% or £1000 (whichever is greater)
  • It must be for a business purpose

FAQs

Any business or developer looking to invest in land, commercial property, Buy to Let, property refurbishment or any other business need.

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. It doesn’t even have to be related to property either, you can use it for any short-term capital injection. For example, if you have a tax liability and need to clear your debt. Whatever your purpose, we’ll turn your application around quickly to get your funding in place.

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.

A first charge loan is a facility that is secured via a first ranking charge on your property, with the second charge loan being a facility that is secured via the second ranking charge against your property. To put this into perspective your mortgage on your personal residence will be secured via a first charge, if you have taken out a secured facility to release some working capital into one of your business interests and you don’t have a property portfolio then the likelihood is that this will be secured via a second charge.

In terms of an Ultimate Bridging Loan, we will only be able to take first charge on a property that isn’t your personal residence, this is because a first charge on your personal residence is classed as a mortgage, and because we aren’t regulated by the FCA we can’t offer that type of facility.

A first charge loan will normally enable a bridging lender to offer more flexibility in terms of the funding and structure of facility on offer, as this is the most secure way of funding for a lender.

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.

We charge a set up fee of 1.5% of the loan or £1000 (whichever is greater) which we include in your repayments, so you won’t have to pay it up front. The only other upfront cost would be for the valuation of the proposed security, which is paid for by the client at the time of instruction, and solicitors fees which are deducted by the solicitors when the funds are being processed for pay out. There will be additional charges should your facility fall into default.

Of course. If you find yourself in a position where you can repay the loan quicker that’s fine by us.

The Ultimate way

We’re here to support you. We make every stage as straightforward as possible.

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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.

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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.

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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.

Contact us
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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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