Bridging finance can be used in many areas such as:
￭ Purchasing property when funding is required very quickly.
￭ In refurbishment where the property is not suitable for a standard lender to lend on.
￭ Equity release when funds are required for another project or purpose.
Bridging finance is very flexible short term funding, typically borrowed for between 1 and 24 months, secured against residential investment or commercial property, land or development sites, by way of a first, or second charge.
Underwriting is mainly based on the asset as opposed to the client’s income.
Funding is generally lending up to 85% of the Loan to Value. Typical Loan size is £500K to £25M+.