Fast Bridging Loans | Bridging Loan Lender

How it Works!

Get in Touch

Don't hesitate to give us a call. We are open 7 days per week. Alternatively, fill in our online enquiry form and one of our team will be in contact without delay.

Fast Approval

If we can help, we will immediately send by email a written quotation containing all costs and terms.

Formal Offer

If you are happy to proceed, we will formulate an offer for you to read and sign . We will also provide a basic list of our underwriting requirements.

Representative Visit

Our representative will visit at the earliest opportunity to explain the loan further (if required) and to collect the required documentation.

Dedicated Underwriting

A dedicated underwriter will work your case to ensure a smooth transaction.

Payment of Funds

Payment will occur, normally within days.

Why Direct to Lender?

Quick and Precise

When selecting a bridging lender, it is important to choose one who can offer fast and flexible bridging finance. This is vital for buyers that need to access funds quickly. The lowest rate is not always the best option!

Experience in Bridging Finance

As bridging finance is specialist lending, it is prudent to employ the services of a lender that has extensive experience and deals predominantly in the bridging finance field.

Transparency

Honesty and transparency are of the utmost importance when selecting a bridging loan lender. As bridging finance is typically more complex than a more traditional loan, it is vital that you are made aware of all aspects of the finance being offered by the lender. This entails being honest and open about any fees and charges, as well as any other policies that the borrower should know about.

Customer-focused

Choose a lender that is committed to their customers and aims to provide the best possible service. Having a previous working history with a lender will be advantageous as there will be familiarity in the needs and requirements of the borrower. Ultimately, it is important to select a lender that you can see yourself working with successfully.

USPs

Very Quick Completions
No Planning Permission Needed on Land
2nd Charge Products (consent not mandatory)
Funds to Purchase at Auction
3rd Charge Available (no consent needed)
Consider Poor Credit History
Bridge Behind Lender on 2nd Charge
Equity Release Behind Lender on 2nd Charge
Age Up to 85 Years
Lending Based on Equity
Lending for Commercial or Residential
Property Valuation Not Needed
Finance starting at £25,500
Legal Option Free
Monthly Payments Not Applicable

Frequently Asked Questions

What is the term period for bridging finance?

A bridging loan is type of short term finance product which is usually repaid between 3-12 months but can be extended up to 2 or 3 years.

Do I need to make monthly payments?

It depends on the terms of the loan and whether you have opted to service the loan or have the interest “rolled up” and deducted at the end of the loan term. If the interest is rolled up you will not have any monthly payments to make.

What is an exit strategy?

As bridging loans are short term the client is required to provide a viable exit plan in order to show the lender that they have the ability to meet the loan repayment at the end of the loan period. Loans are typically settled by refinancing or sale of a property.

What are the costs and fees associated with a bridging loan?

Valuation fees will vary depending on the size and type of the asset being valued. Other fees are typically arrangement fees and legal fees. Interest rates will be calculated using the security being offered, the size of the loan and the credit history of the applicant. Some, but not all lenders will charge an administration charge and/or exit fee.

What is unregulated bridging finance?

Unregulated bridging finance is when the security property will not be occupied by the client or any member of their family.

For what purpose can a bridging loan be used?

A bridging loan is commonly used when a regular mortgage is either not possible or not the best option. Fees and interest rates for bridging finance tends to be slightly higher than a traditional mortgage. This is chiefly due to the complexity involved in bridging loans and the short-term nature.