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Bridging Loan Deals in Cheshire
Bridging loans offer short-term financial support, secured against property, to cover immediate funding needs until longer-term arrangements are in place. They’re ideal for seizing time-sensitive opportunities in Cheshire’s varied property market, from Chester’s historic homes to Crewe’s modern developments.
With bridgingloans.co.uk, you can access tailored bridging finance with competitive rates starting at 0.55% per month, ensuring you move quickly on your property ambitions.
Why use bridging loans in Cheshire?
Cheshire’s property landscape, blending rural estates, urban hubs, and affluent villages like Wilmslow, presents unique opportunities. Bridging loans are well-suited for:
- Quick property purchases: Buy a new home or investment property before selling your current one.
- Property enhancements: Finance renovations to maximise property value.
- Auction wins: Fund time-critical auction purchases with ease.
- Cashflow solutions: Address short-term financial needs for property or business projects.
Our loans range from £20,000, cater to diverse needs, whether you’re a homeowner or a property developer in Cheshire.
Costs and interest rates
We offer bridging loans with interest rates starting at 0.55% per month, typically ranging from 0.55% to 2% per month. Rates vary based on:
- Credit status: Strong credit can lead to more favourable rates.
- Property nature: Residential properties often attract lower rates than commercial ones.
- Loan-to-value (LTV): Lower LTVs can result in reduced rates.
- Exit plan: A clear repayment strategy can minimise costs.
Other costs to consider:
- Setup fee: Generally 2% of the loan amount.
- Valuation costs: For assessing the property’s worth.
- Legal expenses: Covering legal work for you and the lender.
Many loans feature no exit fees, and interest can be deferred, meaning no monthly payments. Check potential costs using our online calculator.
Types of bridging finance
Open bridging loans
These provide flexibility with no set repayment date, ideal when your exit strategy, such as a property sale, is still in progress. They often come with higher rates due to the uncertainty.
Closed bridging loans
Designed for borrowers with a fixed repayment date, these loans are cost-effective for those with a confirmed exit plan, like a property sale with contracts exchanged.
First and second charge loans
First-charge loans are secured against properties free of mortgages, while second-charge loans are subordinate to an existing mortgage, requiring approval from the primary lender.
Why choose us?
As a trusted bridging finance broker, we collaborate with leading UK lenders to offer:
- Affordable rates from 0.55% per month.
- Swift funding, often completed in as little as 72 hours.
- Flexible solutions for residential, commercial, or auction properties.
- Expert advice from FCA-regulated specialists.
We streamline the process to deliver funds quickly, whether you’re in Warrington, Macclesfield, or rural Cheshire.
How to get started
- Submit an enquiry: Use our online form or calculator for a no-obligation quote.
- Initial decision: Receive a decision in principle within hours.
- Property assessment: A valuation may be required.
- Funds released: Access your loan after legal and underwriting steps are complete.
Call us at 0116 402 7982 or apply online to begin your bridging loan application.
We provide finance across the UK:
