Last updated July 17
Rates start from on a 1st Charge BTL :
0.44% pcm up to 55% ltv
0.54% pcm up to 65% ltv
0.64% pcm up to 75% ltv
0.83% pcm up to 80% ltv
0.99% pcm up to 75% ltv with adverse
1.15% pcm upto 100% purchase price with 25-30% disc on OMV
Commercial & Semi Commercial
0.75% pcm up to 55% ltv
0.85% pcm up to 65% ltv
0.95% pcm up to 75% ltv
2% Arrangement Fee with rates from 0.54% pcm
Upto 65% of Gross Development Value and 100% of Development costs with up to 70% of Purchase Price
One of our lowest Development Finance Rates Below subject to Project
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Rates start from on 2nd & 3rd Charges:
0.89% pcm up to 65%
1.1% pcm up to 75%
1.15% pcm up 65% (No Val Required or no 1st Charge Lenders Consent)
Formal Offers within 1 hour subject to Valuation with at least one lender
2% lenders arrangement fee
Interest deducted from loan or paid monthly by yourself
Lenders sols from £750 depending on lender
Valuation from £350 depending on lender and location
1 month to 24 months facility
Funds can be released with 3-5 days if valuation access is available and your solicitors act quickly.
If you would like to enquire further, Bridging Finance 4U offers you lots of different ways to contact us.
By phone: Call us free on 0800 298 0678
By Email: You can e-mail firstname.lastname@example.org with a brief outline of the case, please include all information which we ask for on our Bridging Finance Enquiry page.
Online: You also have the option of filling out our Bridging Finance Enquiry page
For non status loans the lender will typically only require your name address and security address purchase price or valuation and loan required. Lending is based on property location, condition and open market valuation for commercial property finance.
Most lenders will require you to pay for their solicitors fees along with your own, and then the formal documentation will be requested, such as your ID, and proof of address for the commercial property finance. The process is very simple, for the lenders with very low rates they will require only your income and expenditure in addition to the above and maybe previous experience in property investment with property development loans.
Bridging Loan Rate London UK
When you consider getting a bridge loan, especially for the short-term until the long-term solution is available, the most important factor to consider is its rate of interest. The non status bridging loan rates depends on what type of loan you are willing to get, how much you are willing to borrow and for what time duration. Ideally, the bridge loan rate varies between 0.25% and 1.5% and runs from 1 to 24 months, and may get extended under certain circumstances.
Bridging loan lenders in the UK accept different types of properties, such as houses, bungalows, shops, flats, offices, hotels, health clubs, farmland and more as a security. This could be either one property, two properties or more. The lenders will secure the lending amount by taking a charge over the properties you offer. These properties could be registered as first charge, second charge, commercial or semi-commercial. To give you a better idea, let’s break down our lowest bridging finance interest rates based on the type of loan offered.
Our 1st charge bridging loan rate starts from 0.25% pcm up to 55% ltv. Commercial property interest rates are comparatively higher than residential property loans. The first charge is utilised when the property is not secured against any existing mortgage or other type of loan. Commercial bridge lenders decide the bridging loan typical interest rates based on the value of the property, its location and you as a customer. The best commercial bridging loan rates we could offer in the UK starts from 0.55% pcm up to 55% ltv and goes up to 1.5% pcm up to 75% ltv. We also offer property development finance with rates from 0.54% pcm. You can calculate the loan amount using our bridging loan property development loan calculator such as real estate, housing, land development.
BridgingFinance4U has associated with a number of lending partners in the UK to provide you with low-rate bridging loans. Since the most common factor is the rate of interest, and the lenders are trying to be more competitive than others, the mortgage bridging loan rates may depend on other factors as well:
Loan to Value: The Loan to Value ratio describes the size of the loan you take out compared to the value of the property offered as security. When the borrower offers a greater value of equity, the risk to the lender decreases. Lower interest rates can be achieved through lower LTV value.
Type of Property: The bridging loan can be divided mainly based on the type of property offered for security: residential, semi-commercial and commercial. Since the residential property offers the best security, the interest rates are usually lower than commercial property. Commercial and semi-commercial properties are a bit risky as the values can drop drastically in a short time.
Condition and Location of Property: Our nationwide bridging loan lenders offer bridge loans against any type of property, even the ones that other lenders refuse to accept. We also accept property in any area across the UK inc Northern Ireland. However, the monthly interest rate varies based on the condition and location of the property.
Loan Term: The time duration for which you required funds also influence the rate of interest. The loan term can last up to 12 months, but in some cases it may last up to 24 months where required.
Bridging Finance Rates London: What Can A Bridging Loan Be Used For?
When you are buying a property, it can be useful to find out about bridging finance rates London in case you need to borrow a bridging loan in order to complete the purchase of the property. However, did you know what a bridging loan can be used for? Here are some of the options.
Some properties are uninhabitable – they need a lot of work doing to them. If they are bought at auction, there is usually a period of 28 days before payment is needed, but it might be that a traditional mortgage can’t be secured until the refurbishments are carried out. A bridging loan will enable you to have the money you need to buy you time to purchase the property, do it up, and then obtain a traditional mortgage for the long term.
Japanese knotweed is a big problem. If it is found on a property’s land, regular lenders are unlikely to offer a mortgage. Therefore, a bridging loan can give a buyer time to remove the knotweed before applying for a standard mortgage.
If a child, for example, requires a deposit for a property, parents might choose to use the equity in their own home to gift it to them. However, if the parents also want to move home to downsize, it could be a little while before the money comes through. A bridging loan means that they are able to gift the deposit before their home sells.
A bridging loan can be extremely useful if a property developer wanted to buy a property and land and then build another property. They would then need to split the title, so a traditional mortgage would be difficult to obtain until this was completed. Bridging finance rates London can vary, so it is wise to research what you need and why you need it. If you can give us as much information as possible and discuss everything with us, then we will be able to give you as much help as possible.