Specialist
Bridging Finance
Rates from: Downsizing/Upsizing Releasing Funds From Your Home Short Term Lease Finance Auction Purchase As at 14th May 2022 Rates from: Light & Heavy Refurb Finance For Unmortgageable Properties Land Purchase with planning As at 14th May 2022 Rates from: Up to 80% LTV Minimum Loan £500k Minimum net income £100k Serviced monthly interest required As at 14th May 2022
Residential
Buying Before Selling?
0.41% pm
Development & Refurb
Fast Finance
0.45% pm
Residential
Large Bridging Loans
0.25% pm
Bridging finance from £50,000 to £25 million
Monthly interest rates from 0.44% pm
1st and second charge loans
Residential and commercial property finance
Finance for residential purchase; downsizing; development and refurbishment; buying at auction; buying property abroad; extending a lease; breaking a property chain
Commercial finance - purchase; refinance; property improvements
FCA Regulated and unregulated loans
Term of Finance - From 1 to 36 months
Interest roll up schemes
Bridging finance for individuals, limited companies, sole traders and partnerships and trusts
Fast turnaround - Speak to us today if you need to move quickly. 5 to 7 days possible
No upper age limit
For residential purchase we can provide bridging finance options and then provide mortgage solutions once the bridging loan is no longer required.
Bridging finance is a specialist kind of short term loan designed solely for shorter term usage (1 to 18 months typically) to provide a temporary cash flow solution or ‘bridge’ before additional permanent finance becomes available.
The method for obtaining bridging finance is relatively straightforward compared to a typical mortgage application process. Like a traditional mortgage, a bridging loans is secured against your property. The bridging lender will require an independent property valuation and will carry out legal checks. Assuming everything is in order a legal charge will be place on the property (ies) in question.
With bridging a realistic and viable exit will be required by the lender. The key question for any bridging finance provider is how the loan will be repaid. The exit strategy is therefore a key requisite which will usually be sale of asset, or in the case of residential bridging might be replacing the bridge with a longer term mortgage.
Bridging finance is frequently utilised as an answer to a temporary cash flow problem. A common example of this type of situation is when a person wishes to buy a property but still needs to sell their existing home. A bridging loan can, in these circumstances, provide a solution by offering short-term funding before selling the property.
Finance may be offered in loan amounts ranging from £25,000 upwards, depending on your circumstances and which lender you approach.
Regulated bridging finance applies to properties where the property you are buying or selling is one you live in or intend to live in. Bridge lenders that provide this type of bridging are authorised and regulated by the Financial Conduct Authority (FCA). There are a smaller number of lenders who operate on this basis. Clifton Private Finance works with all regulated bridge lenders that offer competitive rates.
Non regulated bridging finance applies to properties that are investment related. There are many lenders who provide a service in this market depending on your requirements. Whether you are looking at light or heavy refurbishment, or where the property type of location is unusual, there will often be a funding solution.
Bridging finance can be used for:
Bridging the gap between purchase and sale - Secure a property quickly before it is snapped up by another buyer – even if you have not yet sold your current home
Downsizing or upsizing - Timings between buying and selling an existing property are rarely aligned. Bridging finance can smooth the process to facilitate a property purchase that might not otherwise happen. In property hotspots the ability to have proof of funds to show to an estate agent can make the difference. A bridging loan decision in principle to lend can be used as evidence that funding has been approved and the buyer can move quickly.
Mortgage chain issues? - Secure your ability to buy even in the event that the home buying chain breaks down – for example, if the sale of your old house falls through, a bridging loan can allow you to still have sufficient funds to purchase the new house
Buying an auction property? – use a bridging loan to pay the required percentage needed to secure the property on the day of the auction
Need to move fast? - Get a fast, temporary cash injection when you most need it during the property purchasing process. The ability to move quickly can make the difference on any property transaction.
Development finance - If you are a property developer buying property to redevelop and you need finance to get your project off the ground then a bridging loan could help make the difference
Lease extension - Extending a property lease can be costly and may be necessary before a mainstream lender will consider giving you a mortgage. A bridging loan to purchase a lease extension can provide you with the funds to make this happen.
Commercial property - Finance for purchase or refinancing and making property improvements to commercial property. In recent years there has been a lot of property conversion from commercial to residential. Short term finance can be perfect in allowing a developer funds to purchase and convert a property.
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
Myr B
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
