Bridging loan for auction
– Bridging finance can be used to buy properties at auction enabling you to complete on the purchase within the 28 day timescale. This can also be beneficial if the property requires works or refurbishment before being able to obtain a traditional mortgage, as a traditional mortgage can sometimes be unavailable if the works required are significant or make the property unmortgageable for such things as not possessing a fully working kitchen and bathroom.Bridging Loan quote
Closed bridging loan
– Closed bridging loans are for clients who have already exchanged on the sale of a property and therefore have a set completion date. This bridging loan enables them to withdraw the current equity on the sold property, allowing them to proceed with their purchase of a new property without having to wait for the sale to complete to obtain the required funds. Open bridging loan
– Open bridging finance is a loan that secures on the property you are selling before you have a buyer in place. You will therefore not have a guaranteed completion date on the sale of your property. This can be a very useful tool if you have located your desired purchase property and required the funds tied up in the equity of your current property to complete before you have sold.Bridging Loan rates
– Bridging loan rates vary across the market depending on the loan size and whether or not you require a first or second charge loan. Things such as whether you are securing on residential, investment or commercial property can also affect the rates you may be able to obtain. We can offer both first and second charge loans on both regulated and unregulated deals from 1.25% per month.UP TO 90% LTV AVAILABLE FOR BRIDGING FINANCE
Federal Bridging Bank who has identified a shortfall in the bridging loan funds available outside the most desired M25 areas, will be introducing a bridging loan with availability Nationwide for up to 90% loan to value and even 100% loan to value on purchases where the borrower can offer further securities.
Exclusive Market-Leading Bridging Loan Rates from 0.75% pcm
DO YOU WANT FAST, FLEXIBLE, SHORT TERM FUNDING?
Whatever your status we aim to say YES!
Individual Bridging Loan Calculator Built to Suit Your Needs
- Decision in hours
- Funding delivered in days
- Friendly service, Bridging Loan experts
- Loans up to 100% of purchase price
- Terms from 1 day to 5 years
- Optional interest “roll –up”
- Residential or Commercial property accepted
A bridging loan can be for a variety of purposes:
- Purchasing property at auction.
- Property refurbishment or conversion.
- Chain breaking mortgages.
- Homeowners who have been or about to be repossessed.
- Funds required within days not months.
- Short-term finance for business purposes.
- Commercial property purchase and refinance
We are a whole of market finance broker for bridging and short term finance, offering market leading rates in all finance sectors. We can provide a same day decision on any lending required, whether this be for purchase or remortgage of properties or development and refurbishment funds.
We can provide short term finance for up to 75% loan to value calculated on single properties only – no extra securities required.
Why not contact us to see if we can assist you or alternatively us our calculator detailed below for first and second charges to see what we may be able to offer.
UK Bridging Loan is rated 10 out of 10. Based on 12 customer reviews.
