Find Bridging Loans
Small Bridging Loans
If money is required in a hurry in order to finance property auction, bridge gaps in sale chains, gaps in cash flow or to pay an urgent bill then bridging finance can be arranged and ready for use within few days We can offer small bridging loans from £10 000 and small commercial bridging loans from £20 000.
Large Bridging Loans
No upper limit for commercial bridging finance. Special rates for large bridging loans £25m+ are available from specialist funding sources including private banks, insurance companies, pension funds and hedge funds.
* completion possible within 72 hours
* 1st, 2nd and 3rd charge
* up to 80% LTV, up to 100% LTV with additional security
* self-employed welcome
* flexible underwriting criteria
* any legal purpose
* interest roll up schemes
Even with the most careful planning when buying or selling a house, there are a number of pit falls that can appear due to factors beyond your control. The most common of these is when the sale of a previous property has fallen through or when you are faced with a great opportunity to buy but have not yet secured a buyer for your current property.
Bridging loans give you the freedom to be able to make the best choices on when to buy or sell without having to rely on others. They do this by providing the short term financial assistance you need and would otherwise have during a move that can be paid back at a later date when your move is completed.
A commercial bridging loan is aimed at businesses and has a number of functions. It can be used as a source of money to help businesses through the periods between large projects or in the event that permission to carry out a project has not yet been attained but may be in the short term. In these situations where the duration of the commercial bridging loan is for a longer period, the rate of interest may be higher due to the added risk caused by the uncertainty involved on the part of the lender.
A residential bridging loan is aimed at individuals who require funds to place a payment or entirely buy a new property while still having not sold their current one. In this situation the individual is expecting to sell their current property in the short term and so will be able to pay back the bridging loan after the sale has gone through. Again the rate of interest would be higher due the fact that there is a possibility for the existing property to take longer to be sold or indeed not be sold at all.
An open bridging loan is one that has no fixed time at which the individual or company has been set to repay the loan. This form of bridging loan therefore carries a higher interest rate as there is no pre agreed time period in which a lender can guarantee a return on their investment.
A closed bridging loan however offers far better rates of interest purely because the repayment time is set due to the fact that the sale of a property is already guaranteed. This can allow lenders to quickly lend money at lower levels of interest safe in the knowledge that the customer has already secured the necessary capital from their property to pay off the loan