Bridging Loan Eligibility
Our Bridging Loan Service
Special features of what we offer include:
- Bridging Loans from £50,000 to £15 million
- Term - From 1 to 36 months
- Bridging loans for individuals, limited companies, sole traders and partnerships
- Interest roll up schemes
- Whole of market service - we work directly with UK bridging lenders
- Lowest Rates - Access to leading bridging loan deals
- Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
To investigate your bridging loan eligibility options call our team on 0117 313 6058 or fill in our call back form.
What Is A Bridging Loan?
A bridging loan is a loan designed solely for short term use; it can provide a substantial amount of finance in a short period of time or “bridge” the gap when permanent finance is not in place.
When Are Bridging Loans Used?
Typically, bridging loans are utilised by landlords or property developers. However, they are also well suited to other scenarios where finance is needed quickly such as purchasing a property at auction or downsizing residential property in a short time frame.
On occasion, bridging loans are used by affluent individuals or borrowers with multiple assets to help restructure or organise the finance on their residential property.
Bridging Loan Calculator
Find out how much you could get with our Bridging Loan Calculator.
How Can I Qualify For A Bridging Loan?
Bridging loans are usually secured against commercial property, residential property, building plots or even land without planning permission. However, bridging loans can also be secured against high value assets such as cars. Therefore, if you own any property, land or valuable assets then you can access a bridging loan.
Unlike loans with traditional lenders, bridging loan providers are prepared to provide loans to those with adverse credit. This is because bridging loan lenders are more concerned with the borrower’s ability to repay the loan and not their credit history.
It should be noted that to access a bridging loan, you need an exit plan. An exit plan is the method that you intend to use to repay the loan within the agreed time frame. Bridging loan lenders will only grant finance when there is a clear exit plan in place. An example of an exit plan is when more permanent finance is secured, or a sale of a property.
Features of a Bridging Loan
Bridging loans usually come with the option to ‘roll-up’ interest to pay at the end of the agreed term of finance. This could be an attractive feature for those in need of finance quickly, as it allows them to avoid monthly interest payments and enables them to use their loan for their financial needs.
If you need finance quickly and you require a bridging loan, call us on 0117 313 6058 or complete our request callback form above.