• Rates from 0.70% per month
• Loan To Value’s on residential properties up to 75% of the Open Market Value
• Loan To Values of 100% available with additional security
• Daily interest charges with no redemption penalties
• Lenders arrangement fees from 2%
• Quick turnaround to meet Auction deadlines
• DIPs (Decision in principles) available within 30 minutes
• Bridging can be used for all sorts of residential and commercial properties
• Properties that are not suitable for main stream mortgages or where the lenders hold a retention until work is completed can still use bridging finance.
• Interest can be added by the lender so there are no monthly payments to be made (subject to LTV’s)

Reasons why borrowers have used Bridging Finance

1). Speed - this is the biggest single factor as to why customers will come to us for bridging finance. The ability to get instant lending decisions and completion within days has given applicants the chance to move quickly particularly for reasons such as buying at auction or from a distressed vendor.

2). Flexible lending criteria - with no credit scoring techniques used for any of our loans and the ability to look outside the box with a common sense approach, we have been able to help customers that have been turned down by their banks for no apparent good reason.

3). Lending to corporate entities - we are able to lend to Limited & Offshore Limited companies, SPV's (Special Purchase Vehicles), Trusts and LLP's (Limited Liability Partnerships) which can be a very tax efficient way of buying properties and is rapidly becoming a more viable option for clients wanting to add to their portfolio.

4). Buying under market value - customers are often able to pick up properties or portfolios of properties for cheaper than the market value mainly down to distressed vendors who need to sell quickly. Most banks will only lend based on the lower of the Open Market value (OMV) and Purchase Price (PP), making it compulsory for the client to put it circa 25-30% deposit. We can actually take the OMV into consideration in these circumstances and lend up to 100% of the PP, making it attractive for the client who can then buy more properties as less of a deposit needs to go towards each transaction.

5). Buying a property which requires refurbishment - there are many properties which need gutting or refurbishing in order to get banks to lend on them or increase their value to sell on. We are able to assist with the purchase of these and at the same time offer a percentage of the refurbishment cost.