Land Bridging Finance
A land bridging loan is used to often used to help developers, private builders and even self-builders move quickly once they have found a site that they feel is right for their project and has all the correct permissions in place.
Reasons to Choose a Land Purchase Bridging Loan
Banks are becoming less willing to lend on these type of projects. Our advisers are specialists at arranging finance for development sites with potential and we can often structure short term bridging loans so the funds can be released in staged payments pending planning permission.
Once a property is developed it can either be refinanced on to what is deemed more traditional finance, such as a mortgage or quite often the property or properties are simply sold. We work with brownfield sites, development property, residential zoned areas, commercial land etc.
In order to get the best possible advice and bridging loan rates for a land purchase then please complete our application form and we can get a specialist bridging loans and / or development finance expert to get in contact with you.
Criteria for Land Bridging Finance
- Maximum 1st Charge Loan — 50% LTV
- No minimum loan size
- Minimum term — 1 day
- Maximum term — 12 months. Extensions can be agreed in certain circumstances
- Interest Rate from 1.0% per month