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Bridging Finance
Bridging finance is a short term lending product that can help with a multitude of property purchases and transactions from helping an investor buy a property below market value to providing credit repair when someone has had credit difficulties.
We have a number of bridging products to suit most requirements for property investors. If you would like to know more about these or any bridging product contact us.
100% Bridging Facility
Use this scheme when you are buying a property below market value. This is a short-term bridge for up to 6 months and to help you buy the property with a minimal deposit (subject to the discount you have negotiated) and remortgage to a mainstream BTL lender at full market value at the end of the 6 months. This product is suitable for all types of transactions including private vendors, auction properties or repossession property purchases.
| LTV |
Up to 75% (of open market value to a maximum of 100% of purchase price) |
Maximum loan |
£26000 - £500000 |
Interest rate |
from 1% per month |
Application fee |
£350 plus cost of survey |
Completion Fee |
1.5% of loan |
Maximum term |
3 months |
Solicitors fee |
£850 plus vat plus your own solicitors and legal costs |
Exit penalties |
none |
Application criteria |
Acceptable survey report
Bridge Application form and pre-approval |
We can also help with other type of bridging scenarios such as the following:
- Day one bridging
- Refurbishment bridging
- Credit repair
- Development finance
- Longer term bridging
- Chain breaking
- Land acquisition
- Probate delays
Contact us for more information |
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