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.

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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.

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What is
a Bridging Loan?

When you think of bridging finance you probably think of stop-gap finance – when you’re trying to sell one property and buy another. Whilst it’s great for this, a bridging loan is really just interim finance that can be used as a short to mid-term loan.
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Why pick
a Bridging Loan?

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.
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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 £100,000 – £2.5m. Max 75% loan-to-value (LTV)
  • Commercial and residential properties for buy to let or investment
  • 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

Any business or developer looking to invest residential investment properties and land with planning.

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.

We charge a set up fee of 2% of the loan 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 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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