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How Does A Bridge Loan Work?

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How does a bridge loan work

Clifton private finance

We specialize in sourcing bridge finance on residential and commercial land transactions in the UK

Bridge loans offer a fast, flexible way to access capital when you need it and are most commonly used for buying property.

They are a type of short term finance, designed to offer a temporary solution when other types of borrowing, such as a mortgage, are not available.

Our bridging loan broker service can proivde 

  • Market leading bridging loans from £50,000 to £25m
  • Rates from 0.44% pm
  • Lower rates for £1 million+ loans
  • Terms from 3 months to 3 years
  • LTVs up to 80% (can be more if other assets in the background)
  • Interest roll up options
  • Residential (On a regulated basis), buy to let, HMO, investment and commercial properties considered
  • Light refurbishment finance (currently uninhabitable, under permitted development rules, require internal refurbishment)
  • Heavy refurbishment finance (extensions, basement digs, loft conversions, commercial to residential, barn conversions)
  • Bridging finance for business purposes (Pay HMRC tax bill, purchasing land or new premises, deposit for new purchase, business growth)
  • Alternative assets considered e.g. pension, investment porfolios, fine art, classic cars
  • Automated valuation option for properties under £1m
  • 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:

0.41% pm

Downsizing/Upsizing

Releasing Funds From Your Home

Short Term Lease Finance

Auction Purchase

As at 16th June 2022

Development & Refurb

Fast Finance

Rates from:

0.45% pm

Light & Heavy Refurb

Finance For Unmortgageable Properties

Land Purchase with planning

As at 16th June 2022

Residential

Large Bridging Loans

Rates from:

0.27% pm

Up to 80% LTV

Minimum Loan £500k

Minimum net income £100k

Serviced monthly interest required

As at 16th June 2022

Contact Us

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


Call us on 0117 959 5094 to discuss your requirements.
Recent

Property Finance Deals

Bridging Loan to Downsize to Retirement Property Before Current Home Sells
Bridging Loan to Downsize to Retirement Property Before Current Home Sells
Area
Bristol
Capital Raised
£400k
Short Term Finance from Private Bank Secures £1.6m Colchester Home at Low Interest Rate
Short Term Finance from Private Bank Secures £1.6m Colchester Home at Low Interest Rate
Area
Colchester
Capital Raised
£800k
Bridging Loan to Buy Property During Divorce While Waiting for Family Home to Sell
Bridging Loan to Buy Property During Divorce While Waiting for Family Home to Sell
Area
Cheshire
Capital Raised
£700k
Bridging Loan to Pay Inheritance Tax Bill Before Selling Inherited London Property to Cover Costs
Bridging Loan to Pay Inheritance Tax Bill Before Selling Inherited London Property to Cover Costs
Area
Central London
Capital Raised
£360k
Bridging Loan to Secure Property Requiring Planning Permission, Split Titles and Refurbishment Before Refinancing
Bridging Loan to Secure Property Requiring Planning Permission, Split Titles and Refurbishment Before Refinancing
Area
Scotland
Capital Raised
£910k
Complex Property Purchase in Wales £300k Under Value Secured with 12 Month Bridging Loan
Complex Property Purchase in Wales £300k Under Value Secured with 12 Month Bridging Loan
Area
Wales
Capital Raised
£960k

More Opportunities »

Contact Us

Bridge Loan Service

At Clifton Private Finance we have years of experience helping our clients find bridge loans at the most affordable rates. We have access to the whole of the market, including all the leading lenders, so can always offer the best deals currently available with a fast, friendly and professional service.

Need a bridge loan? Fill out our contact form or call Clifton Private Finance now on 0117 959 5094.

How a bridge loan works

Bridge finance is usually secured on a property, just like with a mortgage and can allow you to borrow similar amounts. However, unlike a mortgage, a bridge loan can often be arranged in a matter of days and can be secured against property most lenders would consider unmortgageable.

Bridging loans are intended as short term finance, which means they have to be paid back much sooner than most mortgages (up to 18 months is common – up to 36 months is possible). You also have to specify an “exit strategy” for how the loan will be repaid, when you first apply.

For most property bridge loans, the exit strategy will mean reselling the property, selling another property you own, or refinancing e.g. with a mortgage. A good broker can usually help you arrange a mortgage to exit to once the bridge is no longer required, if this is your preferred exit strategy.

How to apply for a bridge loan

To get a bridge loan, you will normally have to apply through a bridging loan broker, such as Clifton Private Finance. This is because many lenders do not generally offer bridging loans direct to the public, but only through intermediaries such as brokers.

Bridging finance is mostly available from private banks and lenders and specialist subsidiaries of high street banks. A good, independent bridge loan broker should have access to all of the leading lenders across the market, giving you the widest possible choice and best chance to get a good deal.

Get the lowest interest rates and fees on bridge finance

To get the lowest fees and interest rate on your bridge finance, you need to shop around and compare deals from the whole market. Our team of bridge loan brokers at Clifton Private Finance have access to all the leading lenders, so can do all the hard work of finding a great deal for you. 

Call us today to discuss your requirements on 0117 959 5904
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If you have any questions about our services or want to start making things happen please contact us