Bridging Loan for a New Build
Our Bridging Loan Service
Special features of what we offer include:
- Bridging loans from £20,000 to £25 million
- Terms of finance 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.
A new build can potentially be an expensive venture, but making sure the right finance is in place may reduce the overall cost of the project.
Approaching a traditional lender for property finance may not be your best option. Typically, high street lenders are not prepared to provide the entire cost of development of a new build. It is much more likely that they will lend up to a certain percentage of the costs.
Also it should be noted that the majority of high street lenders will release the funds in stages after periodic inspections. This may be an inconvenience and potentially cause delays, as you have to wait for certain works to complete before receiving more funds.
Bridging loans are becoming an increasingly popular tool for individuals looking to buil their own house, as they may provide a large amount of money in a short period of time.
Bridging loans can be secured against commercial property, residential property, building plots or even land without planning permission.
Bridging loans may provide:
- Fast, short-term finance when time is of the essence
- Finance from £50,000 to £25m
- Flexible terms of finance to suit your needs
Bridging Loan Calculator
See how much you could secure with our bridging loan calculator.
An exit plan is a requirement for bridging loan lenders. An exit plan is the borrower’s strategy as to how they intend to repay the loan. An example of an exit plan is where the borrower secures more permanent finance against the new build after the construction is complete.
In order to pick the right bridging loan to suit your needs, you will need to review all the loans available. This may not be very easy, as there are no comparison resources for the general public that covers the bridging loan market. As such, it may be in your best interest to seek assistance from a professional broker. If you require a bridging loan for a new build property, to ensure that you get the best deal for your situation, it is advisable to contact a broker at your earliest convenience.
If you are unsure about what bridging loan is suitable for you, call us on 0117 313 6058 or complete our request callback form.