This product helps when a property doesn’t currently meet Buy to Let criteria and the property needs either a light or full refurbishment. Maybe the property has been purchased from an auction and it’s not in a “lettable” condition.
This product helps when a property doesn’t currently meet Buy to Let criteria and the property needs either a light or full refurbishment. Maybe the property has been purchased from an auction and it’s not in a “lettable” condition.
We offer second charge bridges on all types of properties, which means we can lend even if the borrower has an existing mortgage. We can even offer a second charge if the first mortgage has arrears.
Most bridging is unregulated as it is secured on an asset that is not your main residence. We can deal with regulated cases and assist in raising money on your current residence or even assisting with a purchase if there are delays with your mortgage.If you are moving and can not wait to sell your existing home, or if you require funds to make improvements to the property before you apply for a mortgage.
Auction finance is simply another term for bridging or short term finance. It is used to purchase properties at auction because it can be arranged extremely quickly and fits neatly into the purchasing timescales of the auction houses.
Perhaps you’ve just finished a new build or a block of flats and need money to start your next project? A bridging loan can allow you to quickly pull capital out of your existing property.
We can offer re-bridging loans or term loans to exit the original loan
We can lend on land with or without planning permission up to 50% of the value. It may be for a self build property to live in, or it could be for commercial use.
We can offer commercial loans on all types of commercial property e.g. offices, shops, warehouses, land etc. The security can be property you own already or which you intend to buy. We can also give you a commercial loan to give your business a cashflow injection for purchasing equipment, stock or even a VAT Bill. In fact any reason whatsoever.
We offer residential bridging on all types of residential properties. The security can either be property you already own or intend to buy.
You will require an exit of either selling or refinance
The main reasons to use bridging loans are:-
