Criteria For Lending:
UK based Property First Charge security Loan Terms 5 days to 12 months Loans to Individuals or Corporates 70% for Residential 75% for Residential Closed Bridges Given certain criteria, such as additional security, we will consider loans of up to 100% of the value of the primary secured property.
We lend against Open Market Value irrespective of the purchase price of a property. We will lend on development sites with Outline Planning permission or proven zoning agreement.
Specialist Products
"A five day bridging loan for residential property, both owner occupied and investment/buy to let."
No drawdown fees & no exit fees A fixed interest rate 75% gross LTV - on open market value Exit through a re-mortgage must be unconditionally in place Fixed legal fees
"A bridging loan for a maximum of 8 months. The loan is split into 2 drawdown's providing finance against the un-modernised valuation of the property, followed by a further advance against the uplifted value of the property on completion of the refurbishment works." Available to property landlords with proven experience of modernising and renovating properties. Loan costs structured using our unique "Waterfall" pricing structure Valuations to report on both the 'before' and 'after' value of the property Applicants will need to prove experience and ability to self-finance the modernisation works Maximum 70% Loan to Value
"A low cost bridging loan specifically designed for full status, high credit ranking borrowers." Overall cost of the bridging loan will be lower than our standard product Loan To Value to be no more than 65% Applicants must be able to demonstrate proven high level of net worth and income. This is a full status product aimed at high net worth applicants. (Product specifically excludes development sites)
We will lend against
Residential Property Residential Developments Commercial Property Commercial Developments Mixed Use property schemes Offices Retail Residential and Commercial Development Land Residential and Commercial Investment Property
We set individual rates on the basis of the financial status, personal circumstances and the amount borrowed for each applicant. Eligibility criteria and conditions apply.
Loans are subject to the circumstances, affordability, loan amount and loan to value to determine what products are available to applicants.