What can I use my loan for?
It can be used for any purpose
How much can I borrow?
We can arrange bridging loans from £15,000 - £5 million
What is the monthly rate?
Interest rates start from 1% per month
Is there a charge for making an application?
No
What costs are involved in the transaction?
A completion fee may be payable upon draw down of the funds and a valuation fee may be required.
What type of security will you lend against?
We will lend on all types of residential, commercial and semi-commercial properties.
How long will it be before I receive my funds?
We work within your timescale. We have completed loans within as little as 24 hours.
Can I settle my loan early?
You may pay off your loan at any time.
Can I make capital reductions?
Yes, at any time. This will reduce the balance outstanding as well as your monthly repayments.
Can I protect my repayments?
We can arrange life cover on all loans, if required.
Can I convert my bridging loan into a longer term loan?
Yes. We are closely associated with companies that specialise in long term loans and mortgages.
Can I apply if I am self employed and do not have a set of accounts?
Yes
Can you help people with County Court Judgements (CCJs), arrears and/or adverse credit?
Yes
Am I able to borrow finance on a property on which I already have a mortgage/other charges?
Yes. We offer 2nd Charges, subject to available equity.
Do I need a solicitor?
No. However, we recommend customers seek independent legal advice prior to completion.
Do you lend to Limited Companies?
Yes
Can I use security which I do not own for my loan?
Yes. However, the property owner must be party to the loan.