Bridging Loan for Stamp Duty
Our Bridging Loan Service
Special features of what we offer include:
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Bridging loans from £25,000 up to £25 million
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Terms of finance from 1 to 36 months
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Bridging loans for individuals, limited companies, sole traders and partnerships
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Interest roll-up schemes
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Whole of market service - we work directly with UK bridging lenders
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Lowest rates - Access to leading bridging loan deals
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Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
When purchasing any property, it is important to consider how much stamp duty you are subject to.
With the recent changes in the stamp duty land tax, depending on the value of the property, it is possible to pay up to 12% of the purchase price.
After exchanging contracts on a property, the financial pressure to complete the purchase is increased. Getting additional funding swiftly to pay for the added stamp duty cost may be difficult.
Securing finance from a traditional lender may not be the best course of action. This is because applications for finance to a traditional lender may take up to several weeks or even months before they are processed.
Bridging loans are becoming an increasingly popular tool for those who need additional funding to pay their stamp duty tax, 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:
Bridging Loan Calculator
In order to secure a bridging loan from a lender, the borrower needs to provide details of their exit plan. An exit plan is an outline of the method the borrower will use to repay the loan at the end of the term of finance. The bridging loan lender requires the site of the exit plan to ensure the entire loan can be repaid. An example of an exit plan is where the borrower remortgages his new property.
There are many bridging loan services on the market. However, finding the best loan may prove to be an arduous process. It may be beneficial to seek the assistance of a professional broker, as there are no tools such as comparison websites to give the general public a clear picture of the loans available. If you require a bridging loan to help cover the cost of stamp duty, it is advisable to contact a broker at your earliest convenience.
Next Steps…
If you are unsure about what bridging loan is suitable for you, call us on 0117 313 6058 or complete our request callback form.
