Bridging Finance

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Bridging Finance

Get the money you need to begin or complete a property development project.

When it comes to commercial and residential land transactions in the UK and Europe, we are experts at obtaining bridging loans.

What is bridging finance?

A fast and easy approach to acquire the funds needed to fund a development project is through bridging financing, which is specifically designed for property development.

Bridging Finance is easier to obtain than getting a regular mortgage or remortgaging. You can borrow as little as £25,000 for a bridging loan, and as long as you can prove you have assets to put up as collateral, the sky's the limit.

Having an exit option set up prior to completion gives our customers peace of mind, and our specialist bridging finance team can arrange some of the best value, bespoke bridging facilities in the market. They can also arrange for the loan to be paid off early if necessary, often on unique terms not widely offered in the market.

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Why choose Funding4Construction

A brief overview of a Bridging Loan

Bridging loans, which are sometimes called interim loans, gap loans, or swing loans, fill in the gaps when other forms of finance are unavailable. Bridge loans are flexible and can be tailored to meet the needs of both individuals and businesses.

For owners who are waiting for their present property to sell, a bridge loan might be a lifesaver in purchasing a new property. As a borrower waits for their present property to sell, they put the equity into a new one to utilise as a down payment.

Key Features

  • Up to 80% available
  • Rates from 0.49% per month
  • No exit fees
  • 24 month terms available
  • Interest can be retained, rolled up or serviced
  • Residential and commercial bridging
  • Whole of market fully advised service available
  • To tide over economic challenges or to wait for more permanent funding,While waiting for their present property to sell, homeowners might use a bridge loan to put down some money for a new house.

What can Bridging Finance be used for?

There is a wide variety of uses for bridging loans.

You may be eligible for a loan if:

  • You intend to purchase a property at an auction
  • You are in a hurry because you've seen a promising investment opportunity
  • Land is available, but you don't have the capital to begin development
  • Funds are necessary to finish a construction project
  • All types of real estate, including homes, businesses, and mixed-use developments, are eligible for loans,

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Q&A

Am I able to secure a development loan even though I have another property to sell first?

A bridging loan is often used for this exact purpose. You can acquire a loan to make sure you don't lose out on a property that is available while you're waiting to sell your current one.

It is possible to get a bridging Finance to purchase property at an auction?

You can utilise a bridging loan to finish the purchase if you've won an auction bid.

What is the maximum amount that a development loan would cover?

The amount you can borrow from a bridging lender typically ranges from 65 to 85% of the property's value, though this can vary depending on the value of your collateral.

Can a property that is now uninhabitable be eligible for a Development Finance?

Although the property may be uninhabitable at the moment, certain lenders may nevertheless grant you a loan. That is, unless you intend to renovate it.

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