Why choose us for bridging finance?
- Best bridging loan rates
- Expert advice
- Fast approval
- Instant quotes
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Secure & Fast Bridging Loans in Devon
Bridging loans are short-term, secured loans that provide rapid funding for property-related needs, bridging the gap until long-term finance or a property sale is secured. In Devon’s picturesque property market, from Exeter’s urban growth to Torbay’s coastal gems, these loans empower you to act on opportunities without delay.
Through us you can access bridging finance rates starting at 0.55% per month, tailored to your unique needs in Devon.
Why choose bridging finance in Devon?
Devon’s property market, with its blend of rural retreats, coastal homes, and city investments, is ripe for bridging loans. They’re perfect for:
- Buying a new property while your current one is on the market.
- Funding renovations to boost property appeal or value.
- Meeting tight deadlines for auction property purchases.
- Managing cashflow for property development or business needs.
With loans from £20,000, we support homeowners, investors, and developers in Plymouth, Barnstaple, and across Devon.
Rates and costs explained
BridgingLoans.co.uk offers competitive bridging loan rates starting at 0.55% per month, typically ranging from 0.55% to 2% per month. Rates depend on:
- Credit background: Good credit can secure lower rates.
- Property type: Residential properties often have better rates.
- Loan-to-value (LTV): Lower LTVs can reduce interest.
- Repayment strategy: A solid exit plan lowers risk and costs.
Other costs may include:
- Facility fee: Usually 2% of the loan amount.
- Survey fee: For property valuation purposes.
- Legal fees: Covering legal work for both parties.
Many loans feature no exit fees, and interest can be rolled up, eliminating monthly payments. Estimate your costs with our online calculator.
Types of bridging loans available
Open bridging loans
Flexible loans without a fixed repayment date, ideal for uncertain exit strategies like pending property sales. These typically have higher rates due to increased lender risk.
Closed bridging loans
Cost-effective loans with a set repayment date, suited for borrowers with a clear exit plan, such as a confirmed property sale.
First and second charge loans
First-charge loans are secured on properties without mortgages, while second-charge loans sit behind an existing mortgage, requiring primary lender approval.
Why choose our services in devon?
As a trusted broker, we connect you with leading UK lenders, offering:
- Low rates from 0.55% per month.
- Speedy funding, often within 72 hours.
- Custom solutions for residential, commercial, or auction finance.
- FCA-regulated expertise for peace of mind.
Our streamlined process ensures quick funding for your projects in Devon, whether in Dartmoor, Exmouth, or beyond.
How to apply for a bridging loan
- Request a quote: Use our online calculator or form for a free, no-obligation quote.
- Decision in principle: Receive a response within hours.
- Property valuation: A survey may be conducted if needed.
- Funding released: Access funds after legal and underwriting steps.
Call 0116 402 7982 or apply online to start your journey today.
We provide finance across the UK:
