For max LTV on medium/heavy refurb home owners and/or large portfolio only
80% LTV - additional security may be required
KEY FEATURES:
Instant valuations at no cost to the borrower +
No exit fees*
Desktop valuations within 48 hours + Dual representation: Available on residential, property types up to £500k
KEY USES:
All bridging deals : available for a multitude of reasons including purchasing an investment property, refinance, re-bridging or capital raising for business purposes
Full title insurance available on residential loans up to £1m
No upfront legal undertaking on residential loans up to £1m
Up to 100% purchase price plus stamp duty, with additional security
Flexible payment options
Auction : 28-day turnaround available to meet tight deadlines with dual representation and automated valuations available
Light refurb : build costs are funded in arrears and can amount to no more than 30% of the day 1 value. Examples include, but are not exclusive to decorating, replacement of kitchens, bathrooms, electrical rewiring, plumbing, windows & doors. Max LTV 75%
Medium refurb: build costs are funded in arrears and can amount to 31%-100% of the day 1 value. Examples include but are not exclusive to moderate to extensive repairs, including extensions, change of use, conversions and can also cover projects which require permitted development rights or planning permission. Max LTV 75%
Heavy refurb: build costs are funded in arrears and can amount to 101%+ of the day 1 value. This can include heavy structural works and conversions, those involving building regulations approval or planning permission generally. Max LTV 70%
Finish & exit: designed for residential projects where the development has still not reached practical completion
Dev exit : available on fully completed residential properties which have not yet sold
Semi-commercial
Heavy refurb includes exit fee of 0.5%
* For max LTV on medium/heavy refurb home owners and/or large portfolio only
80% LTV - additional security may be required
FEATURES:
Desktop valuations within 48 hours
Instant valuations at no cost to the borrower Flexible payment options
Up to 100% purchase price plus stamp duty, with additional security No exit fees*
Full title insurance available on semicommercial loans up to £500k
Dual representation available on semicommercial property types up to £500k
KEY USES:
All bridging deals : available for a multitude of reasons including purchasing an investment property, refinance, re-bridging or capital raising for business purposes
Auction : 28-day turnaround available to meet tight deadlines with dual representation and automated valuations available
3-18 month term
Light refurb : build costs are funded in arrears and can amount to no more than 30% of the day 1 value. Examples include, but are not exclusive to decorating, replacement of kitchens, bathrooms, electrical rewiring, plumbing, windows & doors.
Max LTV 70%
Medium refurb:
build costs are funded in arrears and can amount to 31%-100% of the day 1 value. Examples include but are not exclusive to moderate to extensive repairs, including extensions, change of use, conversions and can also cover projects which require permitted development rights or planning permission.
Max LTV 70%
Heavy refurb: build costs are funded in arrears and can amount to 101%+ of the day 1 value. This can include heavy structural works and conversions, those involving building regulations approval or planning permission generally.
Max LTV 65%
* For max LTV on medium/heavy refurb home owners and/or large portfolio only
KEY FEATURES: KEY USES:
Instant valuations at no cost to the borrower
Desktop valuations within 48 hours
Full title insurance available on commercial loans up to £500k Up to 100% purchase price plus stamp duty, with additional security No exit fees*
Flexible payment options
All bridging deals : available for a multitude of reasons including purchasing an investment property, refinance, rebridging or capital raising for business purposes
Auction : 28-day turnaround available to meet tight deadlines with dual representation and automated valuations available
Dual representation available on commercial property types up to £500k
England, Wales, and Scotland
Light refurb : build costs are funded in arrears and can amount to no more than 30% of the day 1 value. Examples include, but are not exclusive to decorating, replacement of kitchens, bathrooms, electrical rewiring, plumbing, windows & doors.
Max LTV 65%
Medium refurb: build costs are funded in arrears and can amount to 31%-100% of the day 1 value. Examples include but are not exclusive to moderate to extensive repairs, including extensions, change of use, conversions and can also cover projects which require permitted development rights or planning permission
Max LTV 65%
Heavy refurb: build costs are funded in arrears and can amount to 101%+ of the day 1 value. This can include heavy structural works and conversions, those involving building regulations approval or planning permission generally. Max LTV 60%
Commercial to resi conversions: available when converting commercial buildings into residential property types, full planning permission must be in place before completion
Criteria
FAST TRACK
VALUATION METHODS:
Instant valuations:
Up to 75% LTV available on property values up to £750k, at no cost to the borrower
Desktop valuations :
Delivered within 48 hours. Up to 75% LTV available on property values up to £1m. Up to 65% LTV on property values up to £2m
FIRST CLASS SERVICE:
Enquiries:
Responded to within 1 hour
AIP:
Issued within 2 hours
Initial due diligence: Commenced immediately upon receipt of the application
Dedicated underwriter: Direct access to a decision maker
Funds:
Typically, made available between 1 to 4 weeks 28-day turnaround for auction purchases
• Loan size: £100k - £5m (£5m+ by referral)
• Rate: From 0.85%
• LTV: Up to 80%**
• GDV: Up to 70%
• Term: 3-18 months (minimum interest period 3 months)
• Hope Guarantee: Rates are fixed for the duration of the loan term
• Security: 1st and 2nd charge loans considered as a cross charge on additional security
• Flexible payment options: Deducted, fully serviced, part & part and flexi
• Full title insurance: Available on residential loans up to £1m and commercial loans up to 500k
• No upfront legal undertaking: On residential loans up to £1m
• Dual representation: Available on residential, semi-commercial and commercial property types up to £500k
• Credit score: Adverse credit considered, our decisions are based on individual merits
• Property type: Residential, semicommercial, and commercial
• Location: England, Wales, and Scotland (For Scotlandpostcode restrictions apply)
• Freehold: Lending available on freehold blocks of flats under one title. Valuation based on block value
• HMO’s: If over 6 beds, previous experience of owning/managing 6+ bed HMOs is required. Investment valuation available for HMO’s 7+ beds
• Capital raise: Raising funds against the property to use for business purposes
• Purchase: Purchase of an investment property including auction
• Business: Debt consolidation, business investment and business expansion
• Development: Light, medium and heavy refurbishment considered. Schemes involving change of use, permitted development rights and those requiring planning permission. Finish & exit of wind and watertight properties. 100% of build costs funded in arrears
• Rebridge: Up to 70% LTV considered
• Refinance: Up to 75% LTV, 100% refinance or part refinance part capital raise
Our experienced National Account Managers are your first point of contact and can provide a rapid response to any bridging enquiries no matter how unique. Speak to one of our dedicated team today.
Our clients are at the heart of everything we do, and our response time to bridging enquiries is unrivalled. Our dedicated BDE’s will support you with placing cases and new enquiries - no matter how complex.
We’re here to make sure you get what you need as quickly as possible, so if there’s anything you need help with, just get in touch.
