We specialise in providing short-term bridging finance, and are quick and flexible. Our interest rates are based upon the amount borrowed and start from 1% per month.
Bridging loans are short-term loans which are used to provide funds so that you can quickly complete on a transaction. They are suitable for situations where you anticipate being able to repay the loan within a short period of time from a sale or re-mortgaging of a property. In effect they enable you to “bridge” a gap in your finances.
We normally lend against a first charge over the relevant property, but in some circumstances will accept a second charge. Generally for second charges the amount you wish to borrow plus the amount of your first mortgage should not exceed 65% of the value of the property offered. The interest rate may also be higher than for a loan secured on a first charge.