Bridging Loan for Building a House
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.
Building a house can be an expensive venture with inevitable unforeseeable costs, but making sure the right finance is in place may reduce the overall cost of the project.
Securing finance, such as a self-build mortgage, from a traditional lender can be difficult when building a house from scratch. Generally, high street lenders are only prepared to provide up to a certain percentage of the costs to build a house. In addition, high street lenders will likely only provide the funds in stages after periodic inspections. The release of funds in stages may be an inconvenience, as at times banks release the funds after the work has been completed.
Bridging loans are becoming an increasingly popular tool for individuals looking to build 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.
Before providing the finance, bridging loan lenders usually require the borrower to outline their exit plan. An exit plan is the borrower’s chosen method to repay the loan. This is to ensure that the borrower repays the loan within the agreed term of finance.
An example of an exit plan is where the borrower secures more permanent finance against the new build after the construction is complete.
The bridging loan market is a vast and potentially complex one. In order to have the best picture of the loans available it may be beneficial to speak to a professional broker. If you require a bridging loan for a self-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.