Specialist

Buy To Sell Mortgages

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Buy To Sell Mortgages

Clifton private finance

We specialize in sourcing short-term finance on residential and commercial property in the UK

Our short-term finance service provides:
  • Bridging loans from £50,000 to £25M at market-leading rates
  • Regulated finance for downsizing or upsizing residential property 
  • Unregulated finance on investment properties for resale
  • Short-term renovation funding
  • Rates from 0.43% pm
  • Lower rates for £1 million+ loans
  • £99 valuation-fee option for properties up to £1 million
  • Terms from 1 to 12 months for regulated lending, up to 18 months or longer for unregulated
  • Interest roll-up options
  • We provide a friendly, professional service to help you get the money you need at the best available rates

Residential

Buying Before Selling?

Rates from:

0.43% pm

Downsizing/Upsizing

Releasing Funds From Your Home

Short Term Lease Finance

Auction Purchase

As at September 2020

Development & Refurb

Fast Finance

Rates from:

0.38% pm

Ground Up Development

Light & Heavy Refurb

Finance For Unmortgageable Properties

Land Purchase

As at September 2020

Residential

Large Bridging Loans

Rates from:

0.175% pm

Up to 80% LTV

Minimum Loan £500k

Minimum Income £100k

Serviced monthly interest required

As at September 2020

Contact Us

Thank You for your interest - please complete the form below and a member of our team will be in contact.


We are fast and professional, and can help you meet a tight finance deadline.
Call us on 0117 959 5094 to discuss what you need.

More details about Buy-to-Sell finance below

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Contact Us

Buy To Sell Mortgages

Short-term property finance for owners and developers

Property developers and home owners can find themselves in situations where they need a specialist short-term mortgage solution in order to sell a property. You may be wanting to buy a property to do-up-and-sell in a short time-frame. Or you may be wanting to buy-before-you-sell.

In both cases, the funding solution may be bridge finance, or bridging finance: a form of short-term property lending that bridges a finance gap between one situation and its long-term resolution, or "exit."

Bridging finance is flexible, quickly-arranged, and less dependent on your personal financial circumstances than conventional long-term mortgages. Here’s how it could work for you:

1 Buying to sell

  • A straightforward "flip": in a rising market, if you’ve identified an opportunity to buy a property you believe is significantly underpriced, and will return a reasonable profit.
  • A "fix-and-flip": if you have an opportunity to buy a property which will make a good return after light refurbishment (updating a bathroom or kitchen, or doing some decorative work).

In situations where it’s clear you don’t intend to own the property long-term, standard buy-to-let mortgaging won’t be appropriate for you:

  • Early exit fees will make a big dent in your profit
  • Lenders won’t agree to it

Bridge finance may also be a significant help to you in protecting cash flow if, for instance, you already own a number of properties on which you’re paying mortgages. An important feature of this kind of short-term finance is that the monthly interest can be "rolled up" into the loan, to be repaid at the end of the loan period (see below for how bridging finance works).

2 Buy before you sell

Ideally, when we move house or buy an investment property we would sell our current property first and use the money to fund the purchase without any need for interim finance. But there are a number of situations in which this isn’t possible, or desirable:

  • You’ve already found the property you want, and you don’t want to miss out to another purchaser.
  • The property you want needs refurbishment and you don’t want to live amongst the disruption, or have the expense and upheaval of moving into rental property in the meantime.
  • The property market is slow and it could take quite a few months for your current home, or investment property, to sell: you don’t want to feel pressured into accepting a price below current market value.
  • You current property needs some work before it will achieve its full market value and you need funds to pay for the work before you put it on the market.
  • Bridging loans are normally offered for a maximum of 12 months, although longer loan terms may be possible depending on your circumstances.
  • They can be set up more quickly than standard mortgages which have to fit into the cycle of review and approval of their underwriters.
  • You will usually have to pay an arrangement fee for taking out a bridging loan and there may be an exit fee when the loan is repaid (depending on the lender).
  • Interest is normally charged monthly, although you may have the option to roll up the interest and pay it all in one go along with the capital when the loan term ends. Alternatively, you may be able to borrow extra to cover the interest with this added to the total capital you repay at the end.

How short-term finance works

  • Bridging loans are normally offered for a maximum of 12 months, although longer loan terms may be possible depending on your circumstances.
  • They can be set up more quickly than longer term mortgages.
  • You will usually have to pay a lender arrangement fee for taking out a bridging loan and there may be an exit fee when the loan is repaid (depending on the lender).
  • Interest is normally charged monthly, although you may have the option to roll up the interest and pay it all in one go along with the capital when the loan term ends. Alternatively, you may be able to borrow extra to cover the interest with this added to the total capital you repay at the end.

Get a quick cost estimate:

Bridging loan Clifton Private Finance

 Repaying a buy-to-sell loan

When you take out this type of short-term finance, you will usually have to agree your exit at the outset: that is, specify exactly how it will be repaid.

  • If you’re using the bridging finance for a straightforward buy-to-sell, your exit will be the sale of the property.
  • If you’re using the finance to buy a new property before a current one is sold, you will generally either be repaying with the proceeds of selling your previous property, or by taking out a standard mortgage once the previous mortgage is paid off.

More details: How much does a bridging loan cost

Contact us to discuss the finance you need

One of our advisors will be glad to discuss your project in detail. Just call:

0117 959 5094

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