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Great Rate Bridging Loans in Yorkshire
A bridging loan is a short-term finance solution designed to “bridge the gap” between immediate funding needs and longer-term financial arrangements. Secured against property, these loans are ideal for property purchases, renovations, or time-sensitive opportunities in Yorkshire’s diverse property market.
At BridgingLoans.co.uk, we provide fast and flexible bridging finance with competitive rates starting from 0.55% per month, enabling you to act quickly on opportunities.
Why choose a bridging loan in Yorkshire?
Yorkshire’s property market, from the bustling cities of Leeds and Sheffield to the rural charm of the Yorkshire Dales, offers unique opportunities for investors, developers, and homeowners. Bridge loans are perfect for:
- Buying a new property before selling your existing one.
- Refurbishing or renovating properties to boost their value.
- Securing auction properties with tight completion deadlines.
- Bridging financial gaps during property deals or business ventures.
Our loan amounts start from £20,000, our solutions cater to everyone, from first-time buyers to experienced developers.
Bridging loan rates and costs
Our bridge loans offer competitive interest rates starting at 0.55% per month, typically ranging from 0.55% to 2% per month, depending on factors such as:
- Credit history: A good credit profile can secure lower rates.
- Property type: Residential properties often have lower rates than commercial ones.
- Loan-to-value (LTV): Lower LTV ratios can lead to better terms.
- Exit strategy: A clear repayment plan reduces lender risk and costs.
Additional costs may include:
- Arrangement fee: Typically 2% of the loan amount.
- Valuation fee: To determine the property’s value.
- Legal fees: Covering costs for both you and the lender.
Many of our loans feature no exit fees, and interest can be rolled up, eliminating monthly payments. Use our online bridging loan calculator to estimate your costs.
Types of bridging finance
Open bridging loans
These loans have no fixed repayment date, offering flexibility if your exit strategy (e.g., property sale) is not yet finalised. They typically have higher interest rates due to increased lender risk.
Closed bridging finance
With a fixed repayment date, these loans are more cost-effective and suit situations with a clear exit strategy, such as a property sale with exchanged contracts.
First and second charge loans
First-charge loans are secured against a property without an existing mortgage, while second-charge loans are used when a mortgage exists, requiring consent from the first-charge lender.
Why choose us?
As a leading bridging finance broker, we work with top UK lenders to provide:
- Competitive rates starting from 0.55% per month.
- Rapid funding, with completion possible in as little as 72 hours.
- Customised solutions for residential, commercial, or auction finance.
- Expert guidance from FCA-regulated professionals.
Our efficient process ensures quick access to funds, whether you’re in York, Bradford, or anywhere else in Yorkshire.
How to apply
- Get a quote: Request a free, no-obligation quote or use our online calculator.
- Decision in principle: Receive a decision within hours.
- Property valuation: A valuation is conducted if needed.
- Completion: Funds are released once legal and underwriting processes are finalised.
Contact us at 0116 402 7982 or apply online to begin your application today.
We provide finance across the UK:
