Bridging Product

A bridging loan is a form of short-term financing, secured by a charge on a borrower’s property, until permanent fix, or the next stage of financing is obtained. Interest rates range from 0.65% to 1.5% per month, but it will depend on the property type, credit status, and the loan to value (including any additional security).

Once we have completed a no-obligation application for your client we will look to get them the best possible deal in the market place including our bespoke products from the leading lenders and private funders. The client will have the opportunity to review the terms before agreeing to proceed, all at no cost.


Benefits of Bridging finance:

• 100% of purchase price funding for below market value transactions
• Purchase or refinance property in need of refurbishment/currently not mortgageable via conventional sources
• Complete property purchase prior to sale of another property
• Arranging facility using multiple properties as security
• Complicated legal requirements within property
 
Up to 100% LTV available (with additional security)


Bridging loans can offer the following benefits over other types of secured finance:

• Borrow for a range of purposes
• We can retain the monthly payments within the loan so no payment are actually made
• No proof of income required
• All credit profiles considered
• All property types considered
• Development Finance available
• Borrowing capital quickly, funds can be arranged within 24 hours