CLOSED BRIDGING FINANCE

100% LTV with additional security. Rates from 1.25%

A bridging loan is a loan to an individual or a company that can be taken out on a short-term basis, usually secured against a residential ⁄ commercial property until such time as the property is sold or refinanced with a long-term lender. A tailored illustration is provided for each client. Call 08456 440 911 today to discuss what you need.
If you need short term finance quickly, we can fund from £26,000 with a decision made same day. You can access short term funds from only £1,500 + Valuation fee plus interest and fees. Your Interest and fees can be rolled up and repaid at the end of the loan term. Put simply, if you have a great property deal the profit you make at the back end can be used to repay the loan, saving your cash flow. You only pay for the valuation fee (typically £300) to see if your deal stacks. There are no other fees due up front.

The Closed Bridging Finance Advantage:

* Territory: England, Wales & Scotland.
* LTV: 80% of Purchase Price or 70% of OMV, whichever is lower.
* Rate: From 1.25% per month (based on 50% of Purchase Price or OMV, whichever is lower )
* Interest: Rolled up. Deducted from Gross Loan.
* Fees: Arrangement & Exit fees tailored to each loan.
* Valuation: We instruct the valuers to act for us. You pay them direct.
* Legals: We instruct our solicitor to act for us. You will need a solicitor.
* Up Front: The only upfront fees you pay are for the valuation. Terms are issued after the valuation is received.
* Type: Residential Buy to Let Property & Commercial.
* Security: By way of a First Legal Charge on property.
* Loan Term: From 1 Day to 1 Year.
* Loan Size: Minimum loan size from £26,000
* Purpose: Property Purchase and Refinance.
* Type: Loans can be either open or closed.

  • A Closed Bridge is when there is a guaranteed exit already established.
  • An Open Bridge is when the exit is not guaranteed.

* Purpose: The money raised through a bridging loan can be used for any legal purpose