Bridging Loans

Bridging finance enables companies or individuals to borrow against properties very quickly with far more flexible criteria and underwriting than traditional bank borrowing.  The higher interest rates reflect this.

There are many reasons why you may wish to use bridging finance and all these cannot be listed.  Please contact us if yours is not listed below as the chances are we may still be able to arrange it for you.

We have relationships with a huge array of private lenders, private banks, bridging lenders and funds depending on your circumstances and how complicated your transaction is.

General criteria;

• Proof of income not required.

• Lender arrangement fees between 1% and 2%.

• Up to 24 month loans available (normally 12 months or less with most lenders with option to renew).

• Rates from 0.45% per month (5.4% per annum. These lower rates tend to be backed up by either income, low loan to value or excellent credit background).

• Interest can be paid as it falls due, retained or rolled up.

• Up to 75% loan to value (a very small number of cases may be eligible to 80% LTV on residential investment property).

• Individuals, Limited companies and offshore companies accepted.

• Loans available from £250,000 up to £20m.

• Funds can sometimes be arranged within a week, however, in many cases take between 2 to 4 weeks.

Bridging uses;

• Lease extensions.

• Refurbishment of residential or commercial property.

• Development of residential or commercial property.

• Second charge.

• Purchase land with or without planning (without planning is more difficult and at a lower loan to value).

• Business use.

• Auction property.

• Buy to let.