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Bridging Loans For Property Development Call 0117 313 6058

What is your mortgage for?

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1.55% 2 Year Fixed

  • FREE Valuation

Representative Example: Overall Cost For Comparison 4.1% APRC. Mortgage of £120,000 on property valued at £200,000 over 25 year term. Fixed for 2 years after which reverts to Post Office variable rate of 4.49%.

Call Post Office FREE on 0808 178 6813

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.45%
Rate type: Fixed Sep-2020
Monthly cost: £602.39 per month
Max LTV: 60%
Product fee: £2015.00
Overall cost for comparison: 4.1% APRC
Post Office logo 1.45% Fixed Sep-2020 4.1% APRC 60% £2015.00 £602.39 per month get quotes Call direct0808 178 6813 More details
Initial rate: 1.45%
Rate type: Fixed Sep-2020
Monthly cost: £602.39 per month
Max LTV: 60%
Product fee: £2015.00
Overall cost for comparison: 4.1% APRC
Post Office logo 1.45% Fixed Sep-2020 4.1% APRC 60% £2015.00 £602.39 per month get quotes Call direct0808 178 6813 More details
Initial rate: 1.54%
Rate type: Fixed Aug-2020
Monthly cost: £606.84 per month
Max LTV: 60%
Product fee: £1219.00
Overall cost for comparison: 3.7% APRC
Scottish Widows Bank logo 1.54% Fixed Aug-2020 3.7% APRC 60% £1219.00 £606.84 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.54%
Rate type: Fixed Aug-2020
Monthly cost: £606.84 per month
Max LTV: 60%
Product fee: £1219.00
Overall cost for comparison: 3.7% APRC
Scottish Widows Bank logo 1.54% Fixed Aug-2020 3.7% APRC 60% £1219.00 £606.84 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.54%
Rate type: Fixed 2 years
Monthly cost: £606.82 per month
Max LTV: 60%
Product fee: £1084.00
Overall cost for comparison: 3.6% APRC
Nationwide BS logo 1.54% Fixed 2 years 3.6% APRC 60% £1084.00 £606.82 per month get quotes More details
Initial rate: 1.54%
Rate type: Fixed 2 years
Monthly cost: £606.82 per month
Max LTV: 60%
Product fee: £1084.00
Overall cost for comparison: 3.9% APRC
Nationwide BS logo 1.54% Fixed 2 years 3.9% APRC 60% £1084.00 £606.82 per month get quotes More details
Initial rate: 1.54%
Rate type: Fixed Aug-2020
Monthly cost: £606.84 per month
Max LTV: 60%
Product fee: £1219.00
Overall cost for comparison: 3.7% APRC
Scottish Widows Bank logo 1.54% Fixed Aug-2020 3.7% APRC 60% £1219.00 £300 cashback £606.84 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.54%
Rate type: Fixed Aug-2020
Monthly cost: £606.84 per month
Max LTV: 60%
Product fee: £1219.00
Overall cost for comparison: 3.7% APRC
Scottish Widows Bank logo 1.54% Fixed Aug-2020 3.7% APRC 60% £1219.00 £300 cashback £606.84 per month get quotes Call direct0117 313 7780 More details
Initial rate: 1.54%
Rate type: Fixed 2 years
Monthly cost: £606.82 per month
Max LTV: 60%
Product fee: £1084.00
Overall cost for comparison: 3.6% APRC
Nationwide BS logo 1.54% Fixed 2 years 3.6% APRC 60% £1084.00 £500 cashback £606.82 per month get quotes More details
Initial rate: 1.54%
Rate type: Fixed 2 years
Monthly cost: £606.82 per month
Max LTV: 60%
Product fee: £1084.00
Overall cost for comparison: 3.6% APRC
Nationwide BS logo 1.54% Fixed 2 years 3.6% APRC 60% £1084.00 £100 cashback £606.82 per month get quotes More details
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Bridging Loan For Property Development

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 options call our team on 0117 313 6058 or fill in our call back form.

Bridging Loan For Property Development

Getting adequate finance in place at the right time is essential for a successful property development. However, property development is an extremely competitive market and there is a greater demand for finance in a short space of time.

Traditional Lenders

Approaching a traditional lender may not be your best option, for securing property development finance, especially when time is of the essence. This is because applications to traditional lenders can be time consuming and inconvenient.

Applications to traditional lenders can take up to several weeks or months to process, which may result in costly delays to your property development.

In addition, if you do not have any property development experience then traditional lenders are reluctant to provide development finance. The traditional lenders who are prepared to grant development finance to inexperienced developers will usually have much higher interest on their finance deals.

For experienced developers, traditional lenders will require evidence of successful developments before they grant development finance. Often traditional lenders will ask for sight of your property portfolio.

If you need finance for your property development, you may want to use a bridging loan.

Bridging Loan

A bridging loan is a type of quick, short term finance that can provide a temporary cash flow solution to ‘bridge’ the gap until permanent finance is in place.  The speed and convenience of a bridging loan may be an attractive option, as it could enable you to progress your developments with no delays.

Bridging Loan Calculator

Find out how much you could get with our Bridging Loan Calculator.

Bridgingcalculator

 

Features Of A Bridging Loan

The majority of bridging loans have the option to ‘roll-up’ interest to pay at the end of the term of finance; you may find this useful, as it would allow you to direct all your finance towards your project and save you from monthly interest payments.

Bridging loan lenders will not provide a bridging loan until there is an exit strategy. An exit strategy is the method that you intend to use to repay the loan at the end of the agreed term of finance. An example of an exit strategy is where you sell a property after development has ceased.

It should be noted that bridging loan deals are not available on the high street and often can only be accessed through a professional broker.

Next Steps…

If you need a bridging loan for your property development issue, call us on 0117 313 6058 or complete our request callback form above.

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Call us for a FREE initial conversation on 0117 313 6058 about your bridging loan rates options or request a callback.

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