Specialist

Banks That Offer Bridge Loans

 

Bridging Loans

Clifton private finance

We specialise in raising bridging finance on residential and commercial property transactions in the UK & Europe

Our bridging loans service provides:
  • Market leading bridging loans from £50,000 to £25m
  • Monthly interest rates from 0.43% pm
  • Lower rates for £750,000+ loans from 0.175% pm
  • £99 automated valuation option for properties up to £1 million
  • Terms up to 36 months
  • LTVs up to 80% (can be more if other assets in the background)
  • Interest roll up options
  • Rebridge loan options
  • Residential bridging downsizing and upsizing finance for UK and foreign property purchase, chain breakingbuy to let, HMO, investment and commercial properties considered
  • Light refurbishment loans (currently uninhabitable, under permitted development rules, require internal refurbishment)
  • Heavy refurbishment loans (Change of use, Extensions, basement digs, loft conversions, commercial to residential, barn conversions)
  • Development bridging loan solutions
  • Bridging loans for business purposes (Pay HMRC tax bill, purchasing land or new premises, deposit for new purchase, property portfolio purchase, business growth)
  • We can help if you are a UK expat needing short term finance to secure a residential or investment property back in the UK. We can help with bridging loans for non UK citizens we can help if you are looking to fund investment property
  • Alternative non bricks and mortar asset backed bridging loans considered (£1m + ) e.g. pension, investment porfolios, jewellery, fine art, classic cars
  • We provide a friendly, professional service to help you get the money you need at the best available rates

Residential

Buying Before Selling?

Rates from:

0.55% pm

Downsizing/Upsizing

Releasing Funds From Your Home

Short-Term Lease Finance

Auction Purchase

As at 21st May 2024

Development & Refurb

Fast Finance

Rates from:

0.55% pm

Light & Heavy Refurb

Finance For Unmortgageable Properties

Land Purchase with planning

As at 21st May 2024

Residential

Large Bridging Loans

Rates from:

0.55% pm

Up to 80% LTV

Minimum Loan £500k

Minimum net income £100k

As at 21st May 2024

Contact Us

Thank You for your interest - please complete the form below and a member of our team will be in contact.


We can help with meeting tight deadlines & provide a fast and professional service.
Call our team on 0117 959 5094 to discuss your requirements.
Recent

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More Opportunities »

Contact Us

BANKS THAT OFFER BRIDGE LOANS

Bridging loans are a unique type of property finance that are becoming more and more popular in the modern world.

Property markets move fast, and good deals and dream homes don’t stick around.

If you’re a property investor looking to move quick on a great opportunity, or if you’ve fallen in love with a new family home but haven’t sold yours yet, a bridging loan gives you flexibility and agility to secure the exact property you want, at the right time, and at the right price.

But what banks offer bridging loans? And how exactly do they work, how much do they cost, and how do you get one?

How do bridging loans work?

Bridging loans are a form of short term property finance designed to bridge a gap between two financial transactions.

A bridge loan usually has a term of around 12 months, and you need an ‘exit’ to repay your loan in order to be approved.

The ‘exit’ is usually:

You’ll need proof of your assets that will cover the repayment of your loan, or evidence of your ability to get a mortgage to pay off your loan before the end of your term.

Because of the simplicity of the affordability of bridging loans, they can be issued very quickly compared to a standard mortgage that involves complex affordability checks, underwriting processes and credit score reviews.

What are some examples of bridging loans?

1. Buying a house before you’ve sold your existing property.

If you’ve found your dream home but are waiting for your home to sell before you complete on your purchase, you could lose out to a cash buyer.

A bridging loan effectively enables you to act as a cash buyer as you’ll have the funds ready to go from your lender.

You then have your full loan term to sell your home which should give you plenty of time, and would even allow for some renovations or refurbishments first to realise its full value.

2. Buying a property to flip on.

A bridging loan could also allow you to purchase a property at a good price with the intention to renovate or develop it, and then sell on for a profit.

You’ll need to ensure you can complete your works within the term of your loan, and provide details and evidence of your plans to your lender.

3. Buying a property at auction

If you’re buying a house at an auction, you need to act quickly and often a standard mortgage won’t be finalised in time.

You can buy the house with a bridging loan, however, and then use a standard mortgage to pay off your loan once it’s been processed.

4. Paying care fees

If you have a large care fee bill that needs paying before your loved one’s property is sold – perhaps if they’ve been moved into care unexpectedly - a bridging loan can fill the gap to cover the fees while the property is tidied up and the sale goes through.

5. Buying an unmortgageable property

If the property you’re purchasing is in poor condition and needs significant development work, you may be unable to secure a normal mortgage against it due to regulatory restrictions from your lender.

A bridging loan can secure the property for you, cover the costs of your developments, and then be repaid when it is in a mortgageable state after you’ve completed your works.

What banks offer bridge loans?

While there are many specialist bridging lenders and private banks that provide bridging finance, the lending pool is considerably smaller compared to standard property finance.

However, there are a range of specialist lenders out there, but they can be difficult to find through a typical Google search.

This is why most people use a specialist bridging adviser when applying for bridge finance.

Mortgage brokers know the market extremely well, and they transact on bridging loans every single day – they'll know the best structure of loan for your situation, and which lender to approach to finance it.

They can also get you the best interest rates available while they’re at it, and make the process as quick and hassle-free as possible for you.

 

/bridging-loan-case-studies/

How much will a bridging loan cost me?

Set up fees and interest rates can vary considerably from case to case depending on the complexities of your finance solution.

However, generally your lender will charge an arrangement fee of roughly 2% of the loan, and you may need to pay a valuation fee to a third party surveyor and legal fees.

However, a bridging adviser can occasionally negotiate an online valuation to be carried out to cut costs, along with using the same solicitors as the lender, which can also save time and money.

Use our bridging loan calculator to get some indicative figures on how much your bridging loan may cost.

How can I get a bridging loan?

To see if a bridging loan is right for you, call us today to arrange a free telephone consultation with one of our experienced bridging advisers.

They will get an understanding of your situation and what you’re looking to do, and advise on the next steps to realise your property aspirations.

Call us on 0117 959 5094 to discuss your requirements.


Residential

Buying Before Selling?

Rates from:

0.55% pm

Downsizing/Upsizing

Releasing Funds From Your Home

Short-Term Lease Finance

Auction Purchase

As at 21st May 2024

Development & Refurb

Fast Finance

Rates from:

0.55% pm

Light & Heavy Refurb

Finance For Unmortgageable Properties

Land Purchase with planning

As at 21st May 2024

Residential

Large Bridging Loans

Rates from:

0.55% pm

Up to 80% LTV

Minimum Loan £500k

Minimum net income £100k

As at 21st May 2024

Contact Us

Thank You for your interest - please complete the form below and a member of our team will be in contact.


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Clients Say

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