Help funding the purchase of assets & property
Regulated bridging finance is where the person borrowing the money live, or have lived, in the property that we’re trying to secure funding against. Unregulated bridging finance basically covers everything else, from commercial units to land or development funding.
Isn’t it expensive?The common misconception is that it is. In recent years, the price of bridging finance has fallen drastically and it’s now one of the cheaper ways of raising money, with rates starting as low as 0.39% on a monthly basis, which equates to approximately just under 5% per annum.
This type of finance is an easy way to raise money because there are less questions asked by the lender than there are in your more conventional mortgage process, meaning it’s also used sometimes used to purchase property quickly. However, it should be noted that, with bridging finance, you’ll need a plan for exiting the loan, as it’s seen as short-term funding, usually spanning from 1-18 months. The exit can be anything from the sale of the asset to raising other finance, like a commercial mortgage, against it.
Our team are on-hand to help you through the process and ensure that you have a plan in place so that everything runs smoothly.
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