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What can this product do?
A residential bridging loan can help unlock the capital needed quickly to secure an investment property. Whether purchasing a buy-to-let, need help with an auction purchase, or covering a short-term cash pinch, we can provide the funds needed. We also offer 2nd charge loans.
What can we offer?
Unlike other types of finance, a bridging loan is incredibly simple: it is a short-term loan that covers a property purchase, while waiting for the main funding means to become available. We can supply an AIP within an hour to get things started.
Overview
- Interest Rate From 0.65% per Month
- Min - Max Loan £250,000 - £5,000,000
- Max loan to Value 75%
- Term 3 to 18 Months
- Arrangement Fee Up to 2%
- Early Redemption Fee None
- Admin Fee Yes
- Exit Fee None
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Loan details
Test2 THIS CALCULATION IS FOR INDICATIVE PURPOSES ONLY. ALL OUR LOANS ARE SUBJECT TO CREDIT.
Loan overview details
- Current asset value £305,312.66
- Loan to value 56%
- Interest payment type Serviced
- Term 12 months
- Loan interest rate 0.85% pcm
Loan outgoings
- Gross loan £305,312.66
- Arrangement fee 56%
- Arrangement fee £3,053.13
- Administration fee £0.00
Additional costs
- Interest payable £1,350.00
- Total interest retained £630.00
- Monthly interest payment £750.00
Net loan amount
£300,000.00Case studies
Chichester, PO19
Refinance against three new build homes, which have been built ground up by the borrower."The broker packaged the deal so meticulously, it allowed us to act very quickly and efficiently to progress the loan process. We worked collaboratively throughout and completed in 27 days from initial enquiry." ,
Chester, Cheshire CH4
Loan to refinance the funds used to develop a self-build investment property overlooking Chester Racecourse."This was one of the first times this client had used bridging finance, so we were very hands on at all stages of the process. The loan allowed our client to release cash from his property to further enhance it. " Amy Wareham, Underwriter
Fareham, Hampshire PO14
The borrower is raising funds on an encumbered property to refurbish and subsequently refinance onto a BTL mortgage."The property was owned via possessory title, so to get comfortable we investigated the history of the property's ownership and indemnified against the risk when we were satisfied." Tom Tailby, Underwriter
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