Frequently Asked Questions
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What is a Bridging Loan?
It is a short term interest only loan secured against land or property.
What type of property can be used for security?
We will accept Residential Freehold and Leasehold property, commercial property and land
What is a Second Charge Bridging Loan?
If you have a property with an outstanding mortgage, that lender will have the first charge over that property. If there is sufficient equity available within the property we can arrange a second loan, the second charge against that property to release funds
What is the minimum loan?
From £25,000 upwards, no upper limit.
Can I borrow 100% of the purchase price?
Yes, you can borrow 100% of the purchase price if you have additional property or properties to offer as security. Or if you are purchasing under value, the purchase price may be offered.
How long can I borrow the money for?
From 1 to 36 months
Can I add the interest payments to the loan?
Yes the interest payments can be added to the loan provided there is enough equity in the property or properties