A bridging loan can be a timesaving tool that lowers the chance of missing out on investment opportunities.
Bridging finance is a short-term loan (typically up to 2 years) which the main purpose of is to “bridge” the gap between a purchase and pending permanent financing. Although the rates are usually higher than in more permanent financing, a bridging loan is a timesaving tool that lowers the chance of missing out on investment opportunities.
It is worth noting that over the last 20 years, we’ve seen banks gradually steering away from bridging while mortgage lending rules have grown tougher. Naturally, this meant that demand for independent short-term finance has increased, and, as unregulated bridging lenders like us can offer more flexibility, they have become commonplace and more widely used as well.
What we can offer:
Lending up to 75% LTV.
Special rates to match or beat your current terms, if applicable.
Loans from £50,000 to £10,000,000.
Terms from 3 to 24 months with only a 3-month minimum term.
Arrangement fee of 2% (discounted with a rebate of 1% on redemption at term of loan)
No exit fees.
No early repayment charges.
Discounts on subsequent purchases.