Residential Bridging

Overview

Short-term loans for properties located in England, Scotland and Wales. Suitable for investment properties only.

Key features

Max loan size

£15,000,000

Min loan size

£75,000

Max loan to value

75%

Long term

1 to 18 months

Arrangement fee

2%

Early repayment fee

No fee

Criteria

Property

Residential, HMOs and non-standard construction properties.

Refurbishment

Light or heavy refurbishment, and minor development: structural, conversion or extension work that constitutes permitted development or for which existing planning permission is in place.

Charge

1st charge

Tenure

Freehold, leasehold with 60+ years left on the lease.

Applicant

UK and non-UK residents and companies.

Credit

See full criteria in product guide.

Monthly interest rates

LTV

≤50%

≤60%

≤65%

≤70%

≤75%

Rate

0.55-0.69%

0.65-0.79%

0.70-0.84%

0.75-0.89%

0.80-0.94%

Valuation and legal

We take our legal and valuation requirements very seriously. Our loan evaluation process is designed to make this as efficient and reliable as possible.

Independent security valuation

We will carry out an independent valuation of the borrower’s security in order to confirm how much we can lend against the property.

Legal conveyance

We will instruct our solicitors to work on your client’s mortgage. Fees are typically charged directly to the borrower by the solicitor.

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