Bridging loans are short term finance options for property owners & investors. Usually available between three and twelve months. Loans can be used for properties whereby a standard mortgage is not appropriate. Auction purchases usually require transactions to be completed quickly so a bridging option is a viable option. Flexible lending criteria usually means that underwriting can be quick – these include minimum income, no income requirements or poor credit history can be accepted.
Residential Bridging Finance
– Max LTV 75%
– 100% funding accepted with additional security
– Loans from £26k to £20m
– Lending area England/Scotland /Wales
– Interest options: Serviced, interest roll-up and payment deduction options available
– Adverse Credit acceptable
– Expat & applicants without permanent rights to reside in the UK accepted
– No maximum age on self-funded BTL
– Free Valuation scheme available for auction purchase (depending on product availability)
– Free Lender’s legal fees for auction purchase up to £500k (depending on product availability)
– If a property needs refurbishment, then client may be eligible to apply for additional funding allowing the costs of refurbishment works to be further advanced
Bridging Finance for Semi Commercial, Commercial & Land products
– Max LTV 70%
– Loans from £50k to £20M
– Interest options: Serviced, interest roll-up and payment deduction options available
– Adverse Credit acceptable
– T&C: Rates and conditions are subject to change time to time. Please do contact us to find out more.
Find out more
Our team is on hand and ready to help you. Contact us and we can discuss your requirements in more detail.