Borrow between £50,000 and £7 million, over 1 to 36 months.
No website, online form, or calculator can provide an exact interest rate or bridging loan offer. Numerous factors and individual circumstances are taken into account before an interest rate or loan can be proposed. To secure the best rate, you’ll need to conduct research, compare options, engage in discussions, and negotiate with individual lenders. Alternatively, our team of expert bridging loan brokers can handle this entire process for you, free of charge!
Secure a bridging loan ranging from £50,000 to £7 million, with flexible repayment terms spanning 1 to 36 months. Our dedicated expert bridging loan managers will guide you through the entire process until the funds are in your possession. Additionally, our UK-based customer care team provides friendly support. Count on us to find the ideal bridge that aligns with your unique needs and circumstances
We can give quotes for all types of bridging loan (no matter if the loan you need is unregulated or other), to start all we ask is:
After a quick chat, we will understand exactly what you need and get the ball rolling, searching for the very best rates available suiting your needs.
We always offer the best rate to you first. Unlike others we do not charge a broker fee. All loan brokers get paid by the lender, and that works just fine for us.
Once all your questions and concerns have been answered and you are happy to go ahead, we will then make all the arrangements to complete your bridge.
The truth is, there are multiple circumstances in which a bridging loan might be helpful: Any business or developer looking to invest residential, investment properties and land with planning.
Meeting Transaction Deadlines
Traditionally banks and lenders can take a little bit longer than we wish with approving some loan transactions, and in the world of definite deadlines this is time many of us can’t afford. Thankfully, bridging loans can be approved within a number of days, meaning your deadlines will be met and neither you nor your business is left out of pocket as banks dot their Is and cross their Ts.
Chain Break Finance
It can be incredibly frustrating when a property chain breaks just as the final aspects of the deals are being ironed out.
Thankfully, bridging loans can be used to cover your finances while you find a new buyer for your home. This means you can go ahead and purchase your new investment, find a tenant and relish the financial security as you await the sale of your previous endowment.
Property Auctions
Auctions can be a place of opportunity and spontaneity, and while this is both exciting and adventurous it can often mean that properties can be purchased without the buyer having a mortgage agreement already in place.However, when this does happen, you don’t have to miss out on your perfect place because a bridging loan can cover the costs until the bank can approve your mortgage.
Property Refurbishment
If your property is in need of a refurbishment, then many high street lenders may be reluctant to help out. Thankfully a bridging loan can cover these costs and be repaid upon sale.
Landlords Looking to Expand
Building a property portfolio can be an expensive process, and many landlords are reliant upon rent when it comes to purchasing further properties.However, to those not willing to wait, a bridging loan can help your expansion and be repaid by refinancing on to a long term solution, such as a buy-to-let mortgage.
Is an IVA right for you
What impact an IVA could have on your job and processions
Being a home owner
Your credit rating
Bank accounts, savings and pensions
Lasting power of attorney
Although Bridging Loans are often used to ‘bridge the gap’ between selling a property and buying another, they can be used for more or less any business purpose. Perhaps you want to make a first-time property investment at an auction. Or maybe you’re looking to refurbish a property to increase the yield.
Choosing MoneyFresh
How an IVA is set up
IVA proposal and creditors
Preparing for the Isolvency Practitioner
IVA protocol
To offer you greater borrowing potential, we base our LTV on the property’s open market value (CMV), on first charge loans, up to 75% of the value for buy-to-let residential property; up to 70% for a semi-commercial property; and up to 70% for commercial premises. Up to 70% for land without planning permission and 75% for land with planning permission – depending on location and experience. On second charge loans up to 75% of the current market value (CMV), semi-commercial and commercial properties.
Maintaining your IVA over time
Your circumstance have changed
Add more debts after an IVA has started
Failing your IVA
If you’d prefer to keep your monthly repayments as low as possible during the term of the loan you could get rolled-up interest which is payable at the end. It’s worth noting that the amount due can’t exceed our maximum LTV criteria.
Struggling with your IVA repayments
Missed a IVA payment
Your creditors are still contact you
Cancel your IVA
Make a complaint about the IP (Inslovence Practitioner)
Make a complaint to the DMP (Debt Management
Lenders will require a brief breakdown detailing what you are looking to use funding for. This should include the circumstances and the purpose of the loan.
As the applicant, a lender will require some basic personal details about yourself. This will include:
• Full name
• Date of birth
• Nationality
• Current address
• Residential status – owner-occupier/tenant/living with friends or family
• Income
• Employment status and details
• Borrowing entity – Ltd company/LLP/personal
• Other owned properties
A lender will also require information on any property you intend on purchasing or refinancing using the loan. This will include:
• Security address
• Type of property
• Purchase price and property value
• Tenure – Freehold/leasehold
Please note: A lender may request some additional information, but this is treated on a case by case basis.
The lender will require details about the amount you want to borrow. Generally, lenders will go to a maximum LTV of 75% of the gross loan amount (could go to 100% LTV with additional security) This includes any retained interest for the term of the loan and any arrangement or broker fees. For example, on a property valued at £100,000 the maximum gross loan available will be £75,000. Therefore, the net loan amount (i.e. the amount the client will receive) will be £75,000 minus the retained interest and fees. The lender will also ask how long you would like the loan for. Bridge loan terms are available from between 1 month to 24 months, however regulated loans will be capped at a maximum of 12 months. The bridge does not have to be held for the full term and can be repaid earlier, usually without any early repayment charge or exit fee.
Lastly, you will require an exit strategy. This is very important. A solid exit strategy can be the difference in obtaining a bridging loan or not. The exit is usually the sale of the property or refinancing on to a long term deal such as a commercial, residential or BTL mortgage.
Yes, of course.
Is an IVA right for you
What impact an IVA could have on your job and processions
Being a home owner
Your credit rating
Bank accounts, savings and pensions
Lasting power of attorney
Unlike most brokers, we do not charge a set up/ upfront broker fee of min £500* or up 1% of the loan on unregulated loans from £150k. Understandably, the only upfront cost would be for the valuation of the proposed security, which is paid for at the time of instruction, and solicitors fees which are deducted by the solicitors when the funds are being processed for pay out. There will be additional charges should your facility fall into default. or a lender fee.
Choosing MoneyFresh
How an IVA is set up
IVA proposal and creditors
Preparing for the Isolvency Practitioner
IVA protocol
Maintaining your IVA over time
Your circumstance have changed
Add more debts after an IVA has started
Failing your IVA
Some companies boast 24-hour turnaround times, but these are rare and often inaccurate claims. It is possible and relatively common to receive a decision within 24 hours — especially if a client has engaged the services of a broker or master broker. But it typically takes around two weeks for the funds to be released. Some less-established, cheaper lenders may require more stringent checks, resulting in a longer wait for the money transfer, possibly up to four weeks.
Struggling with your IVA repayments
Missed a IVA payment
Your creditors are still contact you
Cancel your IVA
Make a complaint about the IP (Inslovence Practitioner)
Make a complaint to the DMP (Debt Management
Can't find what you are looking? or have a question? just give us a shout, we'll be happy to help.