Bridging Loans .Co.Uk Bridging Loans .Co.Uk

Contents

How do bridging loans work?

What can i use as security for a bridging loan?

How much can i borrow?

What can I use bridging loans for?

How much do bridging loans cost?

Are there any other fees involved?

How long does a bridging loan last and can i repay it early?

Where do i get a bridging loan?

What is bridging finance?

How big is the bridging loans market?

What's the quickest way to get a bridging loan?

Bridging Loans frequently asked questions

How do bridging loans work?

Bridging Loans are short term loans that are taken out to fund any number of urgent financial situations where cash is needed urgently. Normally bridging loans are taken out to fund the purchase of a new property or land. Bridging loans are always secured on an asset which is professionally valued.

What can i use as security for a bridging loan?

• Residential Properties
  
• Residential developments
  
• Commercial property
• Commercial developments
• Mixed use (part commercial/part residential) property
• Land
• Offices
• Retail

How much can i borrow?

The amount you can borrow ranges from £30,000 to £10,000,000 however it is normally limited to a certain percentage of the market value of the asset the loan is being secured on. For auction funding and land this is typically 70%, for residential 85%, and for commercial 65%. These percentages can change if additional securities are made available.

What can I use bridging loans for?

Bridging loans can be used for a variety of reasons including:

• Buying a property at auction
• Purchasing a new property before a current property is sold
• Buying land for building by developers, investors, builders and self build consumers
• Quick equity release for debt consolidation, business funding, investment property purchases or renovation
• Purchasing of commercial property or injecting funds into a business

How much do bridging loans cost?

The cost of bridging loans varies depending on the type of property or land. Typically you can expect to pay between 1.1% and 1.5% although this could increase if you have had any bad credit in recent years.

Are there any other fees involved?

There is normally a small arrangement fee and a valuation fee of a few hundred pounds depending on property value.

How long does a bridging loan last and can i repay it early?

Bridging loans can be set to run as long as you need them to but it is expected that most bridging loans are for short term funding and will be repaid within 6 months.

Where do i get a bridging loan?

A bridging loan can be obtained from several high street lenders however better rates can often be achieved by specialist lenders such as those on this web site.

What is bridging finance?

Bridging finance is another term for a bridging loan.

How big is the bridging loans market?

Bridging loans are commonly used and the estimates are that at any point in the year there is over £2billion worth of bridging loans in existence.

What's the quickest way to get a bridging loan?

Our partners have a significant amount of experience of bridging loans. Just complete the form below to have a specialist bridging loans adviser contact you.

Speak to a PROFESSIONAL ADVISER ABOUT BRIDGING LOANS

Submitting Details...

Step 1 of 2

About your bridging loan

Is your bridging loan for:      How much would you like to borrow? Residential property Commercial property Building plot     How long do you need the loan for? Please select... 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months 12 months or more   When do you need the loan? Please select... Today In The Next Few Days In The Next Few Weeks In The Next Few Months   Proceed to step 2.

Step 2 of 3	About your mortgage
Estimated property value?   Are you a first-time buyer? YesNo   Do you need to self-certify your income? Yes No   Have you: Had a CCJ or Default registered against you? Missed one or more secured loan or mortgage payments in the last 12 months? Been declared bankrupt or had an IVA? Proceed to step 3.

Step 2 of 3	About your mortgage
Estimated property value?   How much would you like to borrow?       Proceed to step 3.

Step 2 of 2

Your details

First name: Last name:     Phone number: Alternate phone number:   E-mail address: Date of birth:   -- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 -- January February March April May June July August September October November December ---- 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989   First line of current address: Current postcode:     Based on your loan requirements we have selected the specialist bridging loan adviser called Broker Name to help you with your enquiry. Please click SUBMIT to confirm that you are happy for them to contact you by telephone/e-mail.

Finished

Thank you for your enquiry. Your adviser will be in touch with you shortly.