Residential Bridge Loan Lenders
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A residential bridging loan fills the gap between being able to gather the funds for the purchase of your property or land. It means you won’t lose out on the house of your dreams because you haven’t yet sold your current property, or raised enough cash. A bridging loan is designed to be paid off as quickly as you can, so it’s important to know just how to do that before entering into the agreement.
So when may you need a residential bridging loan? Here are some reasons why a residential bridge loan may be a good solution for you:
1. You may need this type of loan if your property chain has been broken and your new home purchase is in jeopardy.
2. You need to raise finance for your second home.
3. You have bought a property at an auction and you need to complete the purchase in 28 days.
4. You need to refurbish your house.
Whatever the reason, speak to us to see how we can help you plan for your project.
Bridging Loan Rates
Our bridging loan rates start from:0.65% pcm up to 60% ltv (1st Charge)
Residential & Commercial Bridging
Bridging Finance 4U are master brokers and packagers for all the leading bridging lenders and private funders in the UK.
Who We Are and What We Do
Bridging Finance in London, UK is usually used as an interim financing measure until permanent or ‘next stage’ financing is obtained. For example, the sale of an existing residential property may take longer than the required purchase deadline of a new property, bridging finance could therefore be used to bridge the period of time until your existing property is sold, at which point you may have the funds to pay off the bridging loan in full with the property sale proceeds or to use as a deposit to complete on a standard mortgage.
We can also offer finance for both Republic of Ireland and Northern Ireland. In some cases finance can be also obtained for prime locations in Europe for UK nationals whether living in the UK or overseas as an expat.
Why Choose Us?
Standard terms vary from lender to lender, but in general bridging finance is usually available for a period of between 1 and 24 months. It is sometimes possible to agree an extension beyond 24 months in some circumstances, but generally speaking bridging loans are meant as a short term financing measure, lasting months not a few years.
Instead of going to every lender on the market, just come to us, we do all the hard work for you. We have relationships with all the major lenders and private funders and speak directly to decision makers. Funds can be normally released between 3 and 10 days subject to legals.
We can usually obtain terms immediately and formal offers subject to valuation within 2 hours. If you are looking for speed and service then you have found the right company. Rates from 0.65% pcm but see our rates page for more info. We can also now lend on the value of Freeholds.
(Tailors property services)