PROPERTY FINANCE

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Short-term bridging loans can be quickly arranged on a completely 'non-status' basis

BRIDGING LOANS

Short term finance enables businesses and investors to take advantage of opportunities which require transactions to be completed quickly. The focus on this type of finance is speed. Its about closing the deal as quickly as required. Bridging loans give you a stronger negotiating position when buying property, enabling you to buy without a contingency on the sale of your existing property or other assets. We can arrange a bridging loan from £25,000 - £5 million on a first or second charge basis. A typical bridging finance loan to value (LTV) is 70% - 85% against the Forced Sale Value of the property. With 100% possible if the asset is valued above or if additional security is available.

  • Need to raise funds in a few days (48hours is achievable)
  • Require a second or even third charge on a property
  • Have a poor credit history
  • Have no accounts or proof of income
  • Need to pay off arrears

WITHIN THE AMOUNT OF THE LOAN, IT IS POSSIBLE TO ROLL-UP INTEREST SO THAT YOUR MONTHLY FINANCES ARE NOT DISRUPTED. YOU SHOULD BE AWARE THAT THIS WILL INCREASE THE AMOUNT THAT YOU HAVE TO PAY BACK. ALSO, IT IS POSSIBLE TO ARRANGE A FACILITY WITHOUT A REDEMPTION PENALTY.