What can i use as security for a bridging loan?
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?
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?
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:
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.
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.
Key Features of our Bridging Loans
|

| Step 1 of 2 | About your bridging loan | ||||||||
| |||||||||
| Step 2 of 3 | About your mortgage | ||||||||
| |||||||||
| Step 2 of 3 | About your mortgage | ||||||
| |||||||
| Step 2 of 2 | Your details | ||||||||||||||||||||
| |||||||||||||||||||||
| Finished |
Thank you for your enquiry. Your adviser will be in touch with you shortly. |
Site Map · Privacy Policy · Contact Us
© 2007 Bridging Loans is a trading style of peneptra Consulting Ltd.