Bridging loans are secured by way of a formal land registry charge in the same manner as most high street mortgage lenders.
This charge prevents the security from being sold or refinanced without the repayment of the loan. The borrower receives the net loan required and unlike a mortgage, will not need to make any monthly repayments during the period of this loan. The loan is designed to be repaid in one payment on or before the end of the agreed term.
Each application will be considered taking into consideration the security and the method of exit (how the loan will be repaid).
LOAN TO VALUE
Max 70% LTV
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We will lend against the Open Market Value of the property and NOT the purchase price.
3 to 12 months
£100k to £5m
1st Charges Only
Owner Occupied (not acceptable)
Residential (buy to let)
Land for development
Individuals, Companies, Self Employed
England, Scotland, Wales
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