Bridging finance lenders would assess the case quickly eradicating a long waiting period. Bridging finance lenders can provide a formal offer much quicker enabling clients to attend the auction with the opportunity to confidently bid for the desired property.

Bridging loans from £25,001

Even if you require a relatively small bridging loan we can help.  Our bridging loan lenders have the bridging finance loans start at £25,001.  The bridging loan can be secured on commercial property, residential property or land and as a first charge or second charge bridging loan.  Subject to status we can raise bridging finance for well over £1,000,000.

Fast bridging loans for employed or self employed, with or without proof of income, excellent or impaired credit, individuals or companies.

As bridging loan lenders we have arranged bridging finance quotes for clients who are employed or self employed.  We have also arranged bridging finance for clients who can and cannot prove income and clients who have impaired credit.  

Bridging loans with a maximum term of up to 12 months.  Extensions and longer terms may be granted in certain circumstances for your bridging finance.

Our usual term for bridging finance is between 3 and 6 months however we will accept extensions to our bridging finance term subject to status.  We would not normally exceed 12 months with our bridging finance although we do try to be as flexible as possible and providing the client keeps in regular contact we could look to extend the bridging loan term after expiry on a month by month basis.

Flexible and bespoke underwriting and lending criteria on our bridging loans.

By using our own bridging finance underwriting system and through our contacts, associations and private agreements in the world of bridging finance we have the ability of knowing which bridging finance case can be submitted to which company.  Due to this we are very confident of knowing that if we can’t find a home for bridging loan requests then nobody else can.

Highly competitive bridging loan rates.

Our standard bridging finance rates are already highly competitive when compared with other bridging finance companies quotes.  We also have a bespoke approach which allows us to reduce, remove or minimize set up fees for repeat clients and preferred business on bridging finance and also to reduce rates where applicable (for example – a property purchased at auction from £100,000 may have a true market valuation of £140,000 which would enable a loan for 100% of the purchase price – subject to valuation)..

Bridging finance loans normally up to 75% of the property valuation.  In specific situations 100% bridging loans are also available.

Our normal bridging finance loans will not exceed 75% of the valuation of the property.  In certain circumstances for instance where a property is being purchased for substantially below market valuation or when additional security is being used we can allow a bridging loan for the full purchase price of the property.

Bridging finance funds can be issued within several days of initial contact.

Most bridging finance companies state that funds can be released quickly but in reality this is pure fabrication and with many bridging finance companies a bridging loan can take longer to arrange than with more traditional forms of finance such as a mortgage.    Through our extensive trials we have located companies who are geared to release bridging finance funds in days of contact not weeks or even months.  We also have our own underwriting and bridging finance lending facility where depending on the case we can act quickly and release the bridging loan in the time required by the client.

Immediate decisions in most cases for a bridging loan.

We rarely have a bridging loan application where we are unsure of whether or not we can place the case.  We have vast experience in the use of bridging finance and are approached about many potential uses of bridging finance on virtually a daily basis.  We could normally give you an immediate answer on whether or not a bridging loan can be used for your requirements.

Bridging loans for UK residential property, commercial or land deals.  Land or property owned by a 3rd party may also be used as security for your bridging finance.

Our bridging loans can be used for any use and can virtually be secured on all immoveable residential properties or land and commercial property or land within the UK.

Payments can be made in two ways - either by including payments within the bridging loan amount so monthly installments are not required or payments can be made monthly.

We look at all situations and requirements for our bridging finance in many different ways.  For example if the bridging loan is to be used to buy and renovate a property by the bridging loan applicant who will have no other source of income until the renovation is complete we would where possible try and roll the monthly payments up in to the loan so monthly payments will not need to be made.
Example - the bridging loan required is for £50,000 over 6 months.  The monthly payments of approx £750 x 6 would be included in the advance making the total loan advance to be repaid approximately £54,500 plus any other fees agreed.
Payments can also be made on a monthly basis by the applicant.  

1st or 2nd charge loans available for fast finance.

As our associate companies are licensed both under the Consumer Credit Act and Financial Services Authority we are therefore authorised to lend in both Regulated and Non Regulated areas.  As such our bridging loans and bridging finance can be secured on property as either a first or second charge.  A first charge bridging loan means that we are the only charge on the security address.  A second charge bridging loan can be used if you already have a first charge (usually a mortgage) secured on the property.

Bridging finance scenarios comparing different types of bridging loans

Bridging finance come in two varieties - "open ended" or "closed". An open bridging loan requires no pre-arranged exit for the lender. A closed bridging loan is where there is a guaranteed exit for the lender. This is normally in the form of a sale place. Other forms of firm exit routes can also be used. Closed bridging loans generally are for a much shorter term than an "open bridge" however funding of up to 12 months should not be a problem. The rates for an open bridging loan are usually higher than for a closed loan due to the increased risk for the lender. Bridging finance can become complex as the lender may often require the borrower to put up his new home as security for the loan in case the borrower does not have enough other collateral for the loan to be secured on.

An 'open' bridge is taken out by buyers who have found their ideal property but have not yet put their own property on the market. A lender will usually ask more questions and want more supporting documentation. A lender will also insist on you having lots of equity in the security properties. A closed bridging loan may be used when a secure date for the exit of the bridge is definite and with a set completion date. As this is less risky the lender charges a lower interest rate. An open bridging loan presents higher risks for the lender. This situation arises when there is not an exact exit date for the loan. The borrower may in fact be seeking a mortgage to remove the bridge. The open nature and uncertainty of an open bridge means higher interest rates and higher loan costs. The benefits are that bridging finance is delivered fast.

Bridging mortgage finance

A bridging loan may be used as an alternative to a mortgage in many circumstances an example of this is for purpose of an auction. Many auctions do not provide enough notice in advance for you to be able to obtain a complete mortgage offer on the property in time for the auction of the required property and therefore many purchasers are left with the difficult decision of bidding on a property and paying 10% deposit without the confirmation that they have secured the finance need for the remainder of the purchase price. A bridging loan can provide a formal offer much quicker enabling clients to attend the auction with the opportunity to confidently bid for the desired property.

A bridging loan can be used to purchase a property in a short period of time whether it be required due to a lower sale price for speed or auctions etc. This is then generally repaid using a mortgage enabling clients to still get a good market rate for the property without missing out on a good deal.