COMPARE BRIDGING LOAN QUOTES

Rates from 0.58% per month. 12.4% APRC.
Borrow £30,000 to £25 Million.
Fast Completion.
Residential / Commercial Development.
Bad Credit History Accepted.
Individuals, Limited Companies & SPV's.

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COMPARE LOANS

Applying for a loan may seem challenging. You need some extra cash but the choices can be overwhelming and hard to understand with jargon like APR, secured, unsecured and so on. Its hard to know where to begin. We can help...

We can advise and help you choose the right loan for you, from personal loans to homeowner loans. We can even help you secure funds if you have a bad credit history. We will help you to understand the conditions of your loan and give you a full detailed breakdown along with lender details. Naturally, the most important thing is to make sure you will be able to afford the repayments.

Bridging Loans

BRIDGING LOAN LENDERS

(not all lenders displayed - not specific to your personal circumstances)

Customer Reviews

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOU HOME, MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. THE FINANCIAL CONDUCT AUTHORITY (FCA) DOES NOT REGULATE ALL FORMS OF MORTGAGE OR BRIDGING LOANS.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

THE FINANCIAL CONDUCT AUTHORITY DONT REGULATE SOME FORMS OF LOANS, BRIDGING LOANS OR COMMERCIAL FINANCE.

THE ACTUAL RATE AVAILABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. PLEASE ASK FOR A PERSONAL ILLUSTRATION.

An administration fee of up to £495.00 may be charged and a fee of 1% of the loan arranged with a minimum fee charged of £1,995. For example a £200,000 mortgage with an arrangement fee of 1% would result in a fee charged of £2,000. We will also be paid commission from the lender.

Secured

Bridging Loan
(Tenants and Homeowners)

FROM £30,000 - £25,000,000

RATES FROM 0.58% PER MONTH

An interest only mortgage of £135,000 with interest rolling during the 12 month term on a fixed rate of 0.58% per month with all fees added.

The total amount payable would be £151,828.69 made up of the loan amount plus interest of £10,168.69, a facility fee of £2,758.82, admin fee of £295, funds transfer fee of £23, lender legal fee of £1,095, valuation fee of £510, broker fee of £1,495, legal fee on redemption £350 and a deeds release fee £100.

The overall cost for comparison is 12.4% APRC representative.

Rates as at 04/01/2017.

Do You Need a Bridging Loan?

A bridging loan is a short term fix loan, usually related to property purchases when the main source of lending is not available as and when it is required. For example, buying a house at auction may need funds readily available but there has not been the opportunity to raise the money by way of mortgage on the property. A bridging loan can also help when there is a gap in the property chain between buying and selling properties. It may be necessary to purchase a property to avoid missing out but there is not the time available to sell your current property to raise the required funding.

Bridging loans are also often used when an application for a loan has been approved but there are certain borrower criteria that must be met and these slow down the processing of the loan and the access to the funding. A bridging loan can fill that shortfall for the required period until the other loan is processed.

There is a wide variety of lenders that can offer bridging loans, particularly since the financial crisis when loans all but dried up for a period. Bridging loans come in all shapes and sizes and it is very important to take independent expert advice to check set up and exit fees, rates and any other small print associated with the bridging loan.

By their very nature bridging loans tend to be expensive. They are usually a short sharp fix and the lender needs to recover the loan plus interest plus and risk that they are exposed to and naturally they need to make some money whilst doing this. Set up fees and exit fees are quite normal with bridging loans and it is worth treading carefully to uncover any extra fees that may arise should you settle early.

Our specialist team of experts has experience in bridging loans and will be more than happy to answer any questions that you may have. Tread carefully in this area. There is definitely a place for bridging loans but great caution needs to be exercised before applying and accepting any deal offered.

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