Bridging Finance – How we can support you!
The property market moves fast and development bridging finance can enable developers to respond quickly to get an edge. We have a huge panel of specialist funding providers who can provide instant agreement in principle with fast completion.
Examples of Bridging Finance:
- Stepped rates from 0.39% PM (for 1st 6 months)
- Fixed rates from 0.55% PM* up to 55% LTV
- Fixed rates from 0.77%, up to 90% LTV**
- Terms from 3 months +
- AVMs up to 75% LTV
* subject to meeting criteria
** light and heavy refurb, up to 12m, England and Wales
Understanding Your Bridging Finance Requirements
We understand lenders and know how they think. This means that we can help you put together a funding application that will inform, reassure and sell an opportunity to our specialist lenders.
Every bridging funding lender will have their own appetite for opportunities, we understand the intricacies of their criteria and will help you find the right funder for your requirements.
We do not just ‘cut and paste’ information into an email and fire it and hope for the best; we will build a professionally packaged deal opportunity to the right lenders for you.
Examples of what Bridging Finance can be used for:
- Acquiring a property for refurbishment and conversions
- Purchasing a site without planning consent
- To break a property chain
- Adding a property to a letting portfolio
- Buying a property at auction – an unregulated bridge facility can be a fast means of funding
There are, of course, other uses for bridging loans and we’ll be happy to discuss your requirements to find an appropriate solution.
What is unregulated bridging finance?
An unregulated bridging loan is secured against land or a property used for business or investment purposes. These types of funding are secured via a first or second charge and enable property developers and investors to act quickly. An unregulated loan means that neither the borrower, nor family, may occupy the subject property at any time.
Development bridging finance will usually be for a short term period, for example when acquiring a new development site before achieving planning consent. A typical bridging finance facility will range from three to twelve months but extended terms are not unheard of.
Whilst not all bridging finance providers will accept the land as security before planning is obtained, there are those that will, subject to security offered. Such bridging will then subsequently be refinanced with bank development funding to commence the construction.
Usually, traditional high street banks will not allow a loan to be secured on an uninhabitable piece of land and so specialist advice will be required.
Our work for you is commitment-free, independent and with highly competitive success-only fees!
The property market moves fast and being able to response quickly to an opportunity with bridging finance can give you an edge.
Whatever your level of experience, from seasoned long term professionals to first time investors, we’re here to help you find bridging options that suit your requirements. Bridging finance can be complex and we will help you go through all of the nuances.
If you are interested in development bridging finance then call us today on 01244 953 360 or email your requirements to info@developermoneymarket.com.
You can learn more about our products and services at our YouTube channel here.
*subject to meeting criteria
