Bridging Finance

Bridging Finance is short-term finance, secured by property.

Loans are typically for terms of up to 24 months, and the use of funds needs to be for business purposes (including property activity).

Acceptable security includes:

  • Residential property
  • Commercial property
  • Land

Security can be taken as a first, second or third legal charge, subject to consent from any other lenders remaining in situ.  Multiple items of security can be taken for a single loan.

Interest rates can vary dramatically, ranging from 0.5-2% per month.  Interest can often be rolled up, meaning there is no monthly payment to make and the cost of the loan is paid on final repayment.

A key consideration for lenders is “how will the loan be repaid”.  You will need to demonstrate a clear plan of how and when the loan will be intended to be paid off.

We have access to lenders that can complete facilities within 48 hours, so if speed is an important factor, we can certainly help.

Some lenders will require the security item(s) valuing, however we also have access to lenders that will proceed without valuation.

Acceptable customer types include:  Sole Trader, Partnership, Limited Company (Ltd) or Limited Liability Partnership (LLP).

Credit history is less of a concern when considering Bridging Finance, therefore clients with adverse credit can often be supported.

 

Completion Example

Some examples

Case Studies

Construction Client

Specialist construction client purchasing a used Piling Rig. Purchase Price £190,000 plus VAT.HP loan amount £190,000. VAT Only Deposit. 60 monthly repayments. No balloon.Facility completed

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