Market leading commercial and
residential bridging/short term finance
A panel of lenders and subsidiaries, many established since
the late eighties, early nineties are specialist lenders
operating in the short-term lending market, or as it is
more commonly known, bridging finance. Our lenders have
gone from strength to strength and are firmly established
as the leading players in the UK short-term funding market.
Flexibility and Service
The ethos is service and flexibility. This is not just a
statement, but a fact. Lenders who look for the positives
in an application not the negatives and are able to take
a flexible approach to individual applications allowing
for fast processing and speedy completions of loans.
No upfront fees
To emphasise our lenders positive approach to business up
front fees are not charged. The aim is to complete as many
proposals as possible in a fast and hassle free manner.
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Redemption/repayment of loan.
No minimum term or early repayment penalties. Standard
loan term 9 months-maximum loan term 12 months (Extensions
available on request)
Q.Can I borrow on Scottish or overseas property?
A.Unfortunately loans are only available
against properties in England & Wales. Loans can
not be considered on property situated in Scotland,
Northern Ireland or outside the United Kingdom.
Q.Are loans available to off shore companies?
A.Yes, provided the property being
offered as security is located in England & Wales
and a personal guarantee of a person resident in the
United Kingdom is provided.
Q.Can Second Charges be offered as security?
A.Yes, second charges can be accepted
as security. Please contact us to discuss your requirements.
Q.Are loans available on land (i.e. where there
are no buildings)?
A.Yes, provided strict criteria are
met.
There are two types of Bridging Loans:
Open Bridging Loan - this comes into
action when final terms and conditions have not been
agreed. You may not have on the terms by which you are
going to sell your home yet but you are still determined
that you want to go ahead with the purchase of the property
you are buying.
Closed Bridging Loan - When all terms
and conditions of both sale and purchase on both properties
have been agreed but there is still a delay on moving
in, then you can use a bridging loan.