Land Bridging Finance
A land bridge loan is short-term finance used to purchase or remortgage a piece of land.
As an investor or developer, you may have found an ideal piece of land that comes with no planning permission. Unfortunately, you will struggle to get development finance without this in place and therefore find that our bridging finance for land is the solution. A bridging loan for land will allow you to purchase the site to obtain the relevant planning permission so you can refinance with development finance or a self-build mortgage.
Key features for land bridging finance
Land bridging finance is a popular option because:
- There are no monthly payments
- Typically, no exit fees, although lenders may have a minimum interest period
- Up to 12-month term available
- Loans from £25,000
The loan’s interest is rolled over, and at the end of the period or when the loan is repaid, the whole amount of capital plus accumulated interest is reimbursed in full. Interest is calculated on a daily basis after the first month, and you will only pay up until the day you see the facility.
