Bridging & Development Loan For Salcombe Property

Bridging And Development Loan For Salcombe Property 

Clifton Private Finance

We specialise in raising bridging & development finance for residential and commercial property transactions in the UK

Competition can be fierce for selected properties in Salcombe, Devon and timely finance can make the difference in securing a property deal & onward development.
Our bridging & development loans service provides:
  • Market leading finance from £50,000 to £25 million
  • Rates from 0.43% pm
  • Lower rates for £1 million+ loans
  • Finance within 5 to 10 working days possible depending on your circumstances
  • Terms from 1 month to 3 years
  • Loan to values up to 80% (can be more if other assets in the background)
  • Interest roll up options (interest paid at the end of the term)
  • Light refurbishment finance (currently uninhabitable, under permitted development rules, require internal refurbishment)
  • Heavy refurbishment finance (extensions, commercial to residential conversions)
  • We provide a friendly, professional service to help you get the money you need at the best available rates
Call us on 0203 900 4322 to discuss your requirements.

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Bridging & Development Loans For Salcombe Properties

Special features of what we offer include:

  • Bridging Loan facilities from £50,000 to £25 million
  • Residential and commercial property finance
  • Finance for residential purchase; downsizing; development and refurbishment; buying at auction; 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 loans for individuals, limited companies, sole traders and partnerships and trusts
  • Lowest Rates - Access to leading bridging loan deals
  • Fast turnaround - Speak to us today if you need to move quickly
  • No upper age limit
To investigate your bridging loan options call us on 0203 900 4322 or complete our call back form or "online chat" facility. 

For residential purchase we can provide bridging loan options and then provide mortgage solutions once the bridging loan is no longer required. 

What are bridging loans? 

Bridging loans are a specialist kind of loan designed solely for shorter term usage to provide a temporary cash flow solution or ‘bridge’ before additional permanent finance becomes available.

The method for obtaining a bridging loan is straightforward and really versatile with a more flexible set of criteria than is usually required by most high street banks and mortgage lenders. Like a mortgage, a bridging loan is secured against your property. With bridging a realistic and viable exit will be required by the lender.

How do bridging loans work?

Bridging loans are frequently utilised as an answer to a temporary cash flow issue. 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. In areas such as Salcombe in Devon where demand is high for property bridging finance can be a very useful tool in beating off the competition for a property.

Bridging loans may be offered in amounts ranging from £50,000 to several million, depending on your circumstances and which lender you approach. Click here for more information on large bridging loans 

Bridging loans can be used for:

  • Bridging the gap between purchase and saleSecure a property quickly before it is snapped up by another buyer – even if you have not yet sold your current home
  • Downsizing - Timings between buying and selling an exisiting property are rarely aligned. A bridging loan can smooth the process.
  • 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 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.

Buying property in Sandbanks

Salcombe in Devon is one of the UK's favourite seaside towns with some of the best beaches in the area. With excellent pubs and restaurants it is known as one of Britain's most desirable locations to live by the sea with properties averaging in the area at £618,000 at the start of 2018, according to the Halifax.

To investigate your finance options for property or land in Salcombe call us on 0203 900 4322 or fill in our call back form.
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If you have any questions about our services or want to start making things happen please contact us