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.

FREQUENTLY ASKED QUESTIONS

How we work?
By making an enquiry we will contact you to discuss your needs and outline if we can be of assistance. We will then request a copy of your credit file and this will be passed to a qualified adviser to review and give you advice and discuss possible quotations. If you wish us to proceed and get a ‘Decision in Principle’ we can do so. Once we have a decision from the lender we will discuss and email you a formal quotation and outline the process from there.
What is a homeowner loan?
This is a loan secured on your property as you are a homeowner. As the loan is secured upon the property lenders are more willing to provide cheaper rates when compared to unsecured loans and additionally can lend you more money over a longer term.
Can you get a secured loan with a bad credit history?
Yes. If you have had bad credit in the form of mortgage arrears, defaults, county court judgements, IVA and payday loans we have lenders that can help providing you have enough equity and can clearly afford any new borrowing.
How much can I borrow?
Secured loan lenders provide loans from £10,000 to £750,000. This depends upon your credit profile, equity in the property and affordability.
Why take out a secured loan rather than a remortgage?
We will always explore both options to ensure you get the right advice. Here are some reasons why a secured loan is more suitable, when compared to a remortgage:
  • Your main mortgage is at a low rate and any remortgage will be at a higher rate.
  • Your main mortgage has a large early repayment charge if you were to redeem this.
  • Your main mortgage has a long term left, whereas you want to borrow £XX over a shorter term to pay off quicker.
  • Your credit profile may mean a remortgage is not possible.
I have been declined in the past – can you help?
The key to this question is why you were declined. We provide an advised service, so if we cannot help you now we will explain why and provide advice as to what you need to do to be able to get a loan in the future.
How quickly can I get a secured loan?
Typical completion time from application is between 4 – 6 weeks.
What loan purposes do you accept?
Most legal purposes are allowed.

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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