Bridging Loan FAQs

Bridging Loan FAQs

Are there any upfront fees to pay?

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.

Can you arrange bridging finance for limited companies?

Yes – We can offer bridging finance to businesses.

How much can I borrow?

We can arrange bridging loans from £10,000 up to £10,000,000 +

How quickly can a bridging loan be arranged?

Bridging finance is probably the fastest way to secured finance on a property. Applications in the past have completed in a matter of days.

If I have adverse credit, defaults, CCJs or arrears can I get a bridging loan?

Yes – We have several lenders happy to accept client’s with adverse credit.

Is a valuation required?

In most circumstance a valuation will be needed. In some cases we can re use a previous valuation if the equity is strong.

What can a bridging loan be used for?

The same as a secured loan, a bridging loan can be used for any legal purpose.

What costs are involved in having a bridging loan?

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.

What if my property in uninhabitable

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.

What is the difference between an open and closed bridging loan?

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.

What length of term is bridging finance available over?

We can offer Bridging loans over 1- 24 month term.