BRIDGING FINANCE

AMOUNT
  • Minimum £30,000
MAXIMUM
  • Normally 75% of open market sale value.
  • Greater where additional security is available.
INTEREST RATE
  • Variable Minimum =1% per month
  • Maximum = 1.75% per month
SECURITY
  • First charge over long leasehold or freehold property
TERM
  • Up to 24 months
FEES
  • Lenders fees up to 2% of the advance
  • Borrower to pay lenders legal and valuation costs
  • Broker fee normally 1% of the advance
NOTES
  • Bridging facilities are designed as short term borrowing to enable transactions to be completed or to allow time for uncertain business trading conditions to be stabilized.
  • As a short-term facility there is inevitably a higher element of risk
  • As a result the cost of such loans is high and all other options should be considered before taking a bridging advance.
LATEST NEWS

Buy to let

Up to 75% LTV. max loan per property £1,500,000 Purchase or remortgage.

Commercial Mortgages

Up to 80% LTV terms up to 30 years. Negotiable interest only period. Rates from 1.50% over bank base rate

Bridging Finance

Up to 75% LTV 100% (with additional security) term up to 36 months. Residential or commercial properties accepted as security Rates from 0.95% per month

Development Finance

Up to 65% of land costs and 100% of build costs. Terms up to 24 months Rates from 3% over bank base. Roll up of interest.

Non Status Commercial Mortgages

Up to 70% LTV. Terms up to 30 years. Rates dependent on status.