This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Bridging Finance Service - Call 0117 313 6058

Bridging Loans In Scotland

Bridging Loan Service

Looking for a bridging loan solution for property in Scotland?

Bridging Loan Calculator - Market Leading Rates From 0.43% pm »

Special features of what we offer include:

  • Bridging home finance from £50,000 to £25 million
  • Fast finance - Looking to buy a house and need fast finance?
  • Terms of finance from 1 month to 3 years
  • Interest rate roll-up schemes
  • Independent whole of market service - we work directly with UK bridging lenders
  • Lowest bridge 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 bridge finance options for residential or commercial property in Scotland, call our finance team on 0117 313 6058 or fill in our call back form.

 Bridging Loans Scotland

 

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.93%
Rate type: Fixed 28 months
Monthly cost: £672.68 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest Int Sols logo 0.93% Fixed 28 months 3.2% APRC 60% £995 £672.68 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.94%
Rate type: Fixed 28 months
Monthly cost: £673.49 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.1% APRC
HSBC logo 0.94% Fixed 28 months 3.1% APRC 60% £999 £673.49 per month get quotes Call us0117 403 4474
Initial rate: 0.94%
Rate type: Fixed 24 months
Monthly cost: £673.49 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.2% APRC
Nationwide BS logo 0.94% Fixed 24 months 3.2% APRC 60% £999 £673.49 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.94%
Rate type: Fixed 36 months
Monthly cost: £673.49 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Nationwide BS logo 0.94% Fixed 36 months 3.0% APRC 60% £999 £673.49 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.94%
Rate type: Fixed 28 months
Monthly cost: £673.49 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest Int Sols logo 0.94% Fixed 28 months 3.2% APRC 60% £995 £673.49 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.99%
Rate type: Discounted Variable 24 months
Monthly cost: £677.56 per month
Max LTV: 65%
Product fee: £699
Overall cost for comparison: 4.8% APRC
Hinckley & Rugby BS logo 0.99% Discounted Variable 24 months 4.8% APRC 65% £699 £677.56 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.99%
Rate type: Discounted Variable 24 months
Monthly cost: £677.56 per month
Max LTV: 60%
Product fee: £0
Overall cost for comparison: 3.8% APRC
Progressive BS logo 0.99% Discounted Variable 24 months 3.8% APRC 60% £0 £677.56 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.99%
Rate type: Fixed 24 months
Monthly cost: £677.56 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Progressive BS logo 0.99% Fixed 24 months 3.9% APRC 60% £995 £677.56 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.99%
Rate type: Fixed 28 months
Monthly cost: £677.56 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 2.4% APRC
TSB logo 0.99% Fixed 28 months 2.4% APRC 60% £995 £677.56 per month get quotes Call us0117 403 4474
Initial rate: 1.00%
Rate type: Variable 28 months
Monthly cost: £678.37 per month
Max LTV: 70%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest Int Sols logo 1.00% Variable 28 months 3.2% APRC 70% £995 £678.37 per month get quotes Call us0117 403 4474 Broker Only Deal
12345678910...

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 Loans In Scotland

How To Get Bridging Finance In Scotland 

A bridging loan is a specialist loan designed for short-term situations to provide a temporary cash flow solution or ‘bridge’ before additional permanent finance becomes available.

This type of loan or finance can be ideal when you are up against the the clock and where funds are needed quickly. A typical scenario is where you have yet to sell your house, but you have found a new property and you need short-term finance to secure the purchase until your sale goes through.

The process for obtaining a bridge mortgage is usually straightforward with a more flexible set of criteria than most high street banks and mortgage lenders.

Like a mortgage, a bridging loan is secured against property or assets with the typical loan to value in the region of 70%. Is is possible to acheive up to 85% loan to value if the bridging loan is being used to help improve a property.

Call our team today on 0117 313 6058 or complete our callback form to discuss short-term finance options for property in Scotland.

Types of bridging mortgage finance

Bridging finance come in 2 forms:

  • The first is the closed bridging loan. This is exclusively available to people who have already exchanged on a specific property and need the finance to secure it. This type of bridging loan can be easier to come by, as the lender will consider the sale unlikely to fall though at this point.
  • The second type of bridging finance is known as an open bridging loan. This is aimed at people who have found a property they want to buy, but have not yet sold  their current home. Due to the increased chance of a sale not occurring, lenders are often more reluctant to offer open bridging loans. Your chances of acceptance will be increased if you have a lot of equity in your current property.

Conditions of bridging mortgages

Short-term finance is more expensive than long term funding, however with the extra cost you get speed and convenience.

If you are looking at bridging loan options, call us on 0117 313 6058 or complete our request callback form.

Bridging Loan Calculator - Market Leading Rates From 0.43% pm »

house icon

Looking for bridging finance in Scotland? Call or Request Call Back from our Bridging Loans Team

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

request call back

Please confirm your details

Extra information

The optional information below will help us to contact you

Bridging Loans