Bridging Loan FAQs
No – We are one are of the few bridging finance brokers that do not charge any upfront fees for our service. We search the market and negotiate the best rates with no upfront costs.
Yes – We can offer bridging finance to businesses.
We can arrange bridging loans from £10,000 up to £10,000,000 +
Bridging finance is probably the fastest way to secured finance on a property. Applications in the past have completed in a matter of days.
Yes – We have several lenders happy to accept client’s with adverse credit.
In most circumstance a valuation will be needed. In some cases we can re use a previous valuation if the equity is strong.
The same as a secured loan, a bridging loan can be used for any legal purpose.
An arrangement fee maybe added to the loan, this only payable when your Bridging loan completes. Some lenders will require you to have your own solicitor.
Our lenders will lend on the value of the property in its current state, they will lend against properties that high street lender or other lenders deem uninhabitable.
A closed bridge is giving the lender a guaranteed exit date. This option is less risky for the lender and is reflected in the interest rate.
An open bridge is when you can’t provide a lender with an exact exit date, on speculate or give an estimate date.
We can offer Bridging loans over 1- 24 month term.