Bridging Loans

Bridging finance is designed to provide a short-term loan for a specific purpose against an asset owned by the client (almost always property or land) at a specific Loan to Value (LTV).

If you have a need for a Short Term Loan and need the funds quickly then we can provide funding for any legitimate purpose over loan terms ranging from 1 day to 24 months. Obtaining bridging finance is, in essence, a simple process and loans can be secured on both Residential and Commercial Property Assets and Land / Development Sites.

Bridging finance is generally used when there is a crisis which can take the form of a “good crisis” i.e. “I need to raise this money quickly to take advantage of an opportunity to make more money”, or a “bad crisis” i.e. “If I don’t raise money quickly I am going to have a property repossessed”.

Some potential uses:

  • Buying a bargain property at ‘Below Market Value’
  • Buy a property which is deemed ‘Un-mortgageable’ and requires significant refurbishment.
  • Moving home before your current property is sold
  • Buying a property at auction and needing funds quickly to complete on the purchase
  • Raising cash to buy a Business , Purchase Stock or perhaps buy out a Business Partner
  • Raising cash to pay a Personal or Business Tax bill
  • Raising cash to stave off a repossession order

 

Key Benefits

• Speed of Decision and Delivery of Funds
• Availability
• Flexibility
• Potentially Lower Application Costs
• Low Exit Fees
• Higher Loan to Value

What do we need from you?

We will need to complete a Fact Find with you and as a minimum we will also require the following:

• Current or legacy valuation report (if applicable)
• Sales particulars
• Cashflow schedule for planned works

Other services that might be of interest

Property Development Finance

Property Development Finance

A property development mortgage is a commercial short-term loan generally offered in two stages – the site loan (purchase or refinance) and the construction loan.

Buy To Let / HMO Mortgages

Buy To Let / HMO Mortgages

The buy to let mortgage is set-up so that the property is tenanted out and the mortgage payments are covered by the rent generated by the tenant within the security.

Commercial Mortgages

Commercial Mortgages

A commercial mortgage is similar to a residential mortgage, except the collateral is security over the Freehold or long Leasehold of a commercial building.