Bridging Finance Information
Loan to Value (LTV) <60% rate 1.1%
<70% rate 1.2%
<80% rate 1.35%
FREE survey and legals for a limited time only (conditions apply) **
Loan to value to 80% on 1st charge lending.
Will lend up to 100% of purchase price on below market value (BMV) purchase
Poor credit not an issue unless refinance is required.
Lender does not credit score, CCJ’s, defaults and arrears are ignored if property exit is sale
No proof of income required
Decision normally within a few hours.
Fast turnarounds – funds can be released within a few days
No entry or exit fees
No Broker fee
2% arrangement fee added to the loan
Freehold and leasehold properties accepted
Loans from £50k to 2M (Loans over £2M may be considered on a case by case basis)
Can lend on properties anywhere in England and Wales
No commercial but will do semi commercial.
Property cannot be lived in by applicant or family.
Min. term is 4 months max. is 12 months but for example if you redeem in month 6 of a 12 month deal the lender will refund the 6 months unused interest back to you.
On every case an AIP enquiry form needs to be completed and a latest copy of credit file is required
** For a limited time only we are offering our clients reimbursement of their survey and legal costs. We will reimburse up to £1,500.00 for your survey costs for loans above £200,000.00 and for loans above £500,000.00 we will also reimburse your legal fees of up to £2,000.00 within 10 business days after completion.
Contact: Mamun Miah
Mobile: 07720 718975