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Bridging Loans from £25,500 - £10,000,000 |
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1 month - 36 months terms available |
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Non status funding (adverse credit accepted) |
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Market-leading rates from 1.25% per month |
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100% LTV available (additional security required - commercial/ residential) |
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No accounts/ proof of income needed (self-cert available) |
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Completions from 2-10 days (depending on information supplied) |
Whatever the cause of your temporary cash shortfall, a bridging loan offers an extremely quick, simple and hassle-free solution that matches your requirements perfectly.
Where more traditional lending solutions typically require forward planning and several weeks to arrange, bridging loans can take as little as 24 hours between application and delivery – this makes them the obvious choice in a range of time-critical situations such as contract winning, bankruptcy avoidance, loan repayment, rapid turnaround property investment and auction purchase.
What’s more, a bridging loan provides the added peace of mind that comes from dealing with a team of experienced professionals who know this area of the financial services sector inside out.
For the borrower, the benefits of bridging loans are many and varied:
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Considerably quicker and simpler to arrange than conventional residential mortgages, and with fewer formalities to complete, we aim to process applications for bridging loans within just 5 working days, and sometimes in as little as just 24 hours. |
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They enable borrowers to purchase an additional property even though their current property has not yet sold. |
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Perfect for a wide range of personal and business financial situations, including cash flow emergencies and quick turnarounds when buying, renovating and re-selling properties for profit. |
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Bridging loans are highly suitable as a quick method of exchanging contracts, winning contract races and as a fast means of completion, particularly when purchasing at auction. |
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For developers buying property with planning permission, bridging loans offer a practical way of making stage payments throughout the development period. |
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When purchasing residential property at undervalue, we can find lenders that will lend to a maximum of 85% of the current market value, or 100% of the purchase price, whichever is lower. |
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The loan will always be secured against a residential or commercial property or a plot of land, and a first or second charge will be taken against new or existing property, or a combination of both. |
Lending Guidelines
Our aim is to complete your application in the shortest possible time with a minimum of fuss. If you have an application that is outside our standard terms, submit your enquiry to us so that we can either agree it as an exception or find a solution for you.
Acceptable security and LTV:
N.B. In all cases we work from the vacant possession value of bricks and mortar only.
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First Charge |
Second Charge
(less existing 1st charge redemption figure) |
Residential
(freehold/leasehold) |
85% OMV |
85% OMV |
Commercial/Semi Commercial
(freehold/leasehold) |
75% OMV |
Unavailable> |
Renovation/Refurbishment
(freehold/leasehold) |
65% OMV |
65% OMV |
Land
outline planning permission |
55% OMV |
55% OMV |
Land
detailed planning permission |
65% OMV |
65% OMV |
| Loan Size |
Minimum £30,000 - Maximum £10,000,000 |
| Loan Term |
Up to 12 months |
| Loan Purpose |
Any legal purpose |
| Borrower Type |
Any individual or Limited company.N.B.
1. The application must be in the same name(s) as the title documentation
2. If the application is in a company name all directors will be required to give personal guarantees for the full advance
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| Geographical Spread |
England, Wales, mainland Scotland and Northern Ireland |
| Leasehold Properties |
Minimum unexpired term of 50 years |
| Age Limit |
18-70 years |
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Contact Us Today for a free no obligation Bridging Loan Quote
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