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Bridging Loans Hotline call now 0117 313 6058

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.94%
Rate type: Fixed 24 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Nationwide BS logo 0.94% Fixed 24 months 3.3% APRC 60% £999 £561.24 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.95%
Rate type: Fixed 26 months
Monthly cost: £561.92 per month
Max LTV: 60%
Product fee: £1,499
Overall cost for comparison: 3.9% APRC
Platform logo 0.95% Fixed 26 months 3.9% APRC 60% £1,499 £561.92 per month get quotes Call us0117 403 4474
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.99%
Rate type: Fixed 24 months
Monthly cost: £564.63 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 £564.63 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.02%
Rate type: Fixed 26 months
Monthly cost: £566.67 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Skipton BS logo 1.02% Fixed 26 months 3.9% APRC 60% £995 £566.67 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 25 months
Monthly cost: £568.71 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Barclays Mortgage logo 1.05% Fixed 25 months 3.3% APRC 60% £999 £568.71 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 27 months
Monthly cost: £568.71 per month
Max LTV: 65%
Product fee: £999
Overall cost for comparison: 4.3% APRC
Leeds BS logo 1.05% Fixed 27 months 4.3% APRC 65% £999 £568.71 per month get quotes Call us0117 403 4474 Broker Only Deal
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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

Halifax Bridging Loan

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Our Bridging Loan Service

Special features of what we offer include:

  • Residential Bridging Loans from - £50,000 to £10 million
  • Term - From 1 to 36 months
  • Interest roll up schemes
  • Bridging loans - for individuals, limited companies, sole traders and partnerships
  • 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.

We can provide bridging loan options and then provide mortgage solutions once the bridging loan is no longer required.

Compare Halifax Bridging Loans

What is a Halifax Bridging loan and how does it work?

Bridging loans are short-term specialist loans designed to cover a temporary shortage of credit. They act as ‘bridge’, providing you with short-term finance before additional permanent finance become available.

A bridging loan has a more flexible set of criteria than is typically required by mortgage lenders and high street banks, which makes them versatile and relatively straightforward to obtain. Similar to a mortgage, a Halifax bridging loan is secured against your property.

Bridging Loans are used to solve short-term cash flow problem.  They are often used to help people buy their ideal properties prior to the selling of their existing property.

To find out more call us today on 0117 313 6058 or alternatively, complete our call back request form.

What a bridging loan can do for you?

A  bridging loan can assist in helping you:

  • Get there first – a Halifax bridging loan product can help you beat the competition and secure a property before you have even sold your own home, and before another buyer snaps it up.
  • Speed up the process – Gain quick, short-term cash injection to assist you in the transition of purchasing your new home and selling your existing home.
  • Purchase a property at auction – a Halifax bridging loan can provide you with the capital required to secure a property on the day of the auction.
  • Development Finance – If you are planning on purchasing property for redevelopment purposes, a Halifax bridging loan can provide finance to help get the project off the ground.
  • Mortgage Chain Issues – A bridging loan can assist in securing your ability to purchase a property, even in the event that the sale of your old house falls through.

Types of Bridging Loans Available

Halifax Bridging Loans come in two forms, open and closed bridge. A closed bridging loan is available to borrowers who have already exchanged contracts for the sale on their current property.  It is typically easier to have a closed bridging loan accepted as it is considered less likely that the sale will fall through.

Alternatively, an open bridging loan is for borrowers who have already found their ideal property, but have not yet sold their existing property. Due to the nature of these loans, lenders are often more reluctant to offer out open bridging loans, although your chances of acceptance will be increased if you own a lot of equity in your current property.

Next Steps...

Whilst bridging loans offers you a fast and convenient cash flow solution that can be used for almost any purposes, they also often charge a high rate of interest. Consequently, before applying for these types of loans you should ensure that you conduct considerable research into the market to consider all of the funding options available.

To find out more call us today on 0117 313 6058 or alternatively, complete our call back request form.

Halifax Bridging Loan

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Looking For A Bridging Loan? Call our bridging loans team or request a callback

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

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