Bridging Loans

Bridging loans can be used for a variety of purposes and may be the solution to your short-term funding requirements before a long-term solution can be obtained. Don’t lose your dream home due to a delayed sale on your property, want to buy a property that is not mortgageable, needs refurbishment or have to complete quickly on a purchase or buying at auction, a bridging loan may be the solution.

Available for:

This type of finance can help you to:

• Purchase a new property before an existing property has sold
• Purchase a property under a tight time frame (perhaps at auction)
• Purchase a property under market value
• Raise money to settle a tax bill
• Raise money to inject into your business
• Purchase Land with planning

Bridging loans require a suitable property to be used as security. This could be your main residence, buy to let or commercial property.

Key Product Points:

• Fast turnaround
• No early settlement fees
• From 1 to 24 month Loan Term
• Light, medium and heavy refurbs
• Conversions (including commercial to residential)
• Interest roll up, retained or serviced
• Up to 85% LTV on property (100% if additional security is offered)
• Up to 75% LTV Land with planning
• Up to 75% LTV 2nd charge on property

Contact us today on 01202 880718 to see how we can help you.