Bridging Finance For Land London UK
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Did you know that you can get bridging finance for land in London? Bridging loans are not just for securing property or great business. Buying land can be a big investment, as you can sell it on to developers for them to use for house building, for example, or you might be a developer yourself. Having land gives you some security for the future. But buying property isn’t always easy. Sometimes a bridging loan is the only way to do it.
Bridging finance for land London can be sought and obtained by companies and individuals, so whatever your reason for wanting to purchase the land, the financing options are open to you.
Residential & Commercial Bridging
Bridging Finance 4U are master brokers and packagers for all the leading bridging lenders and private funders in the UK.
Development Finance
Development Finance is 68% net of purchase price and Development finance up to 65% of GDV and 100% of Development cost.
Who We Are and What We Do
Bridging Finance in London, UK is usually used as an interim financing measure until permanent or ‘next stage’ financing is obtained. For example, the sale of an existing residential property may take longer than the required purchase deadline of a new property, bridging finance could therefore be used to bridge the period of time until your existing property is sold, at which point you may have the funds to pay off the bridging loan in full with the property sale proceeds or to use as a deposit to complete on a standard mortgage.
We can also offer finance for both Republic of Ireland. In some cases finance can be also obtained for prime locations in Europe for UK nationals whether living in the UK or overseas as an expat.
Why Choose Us?
Standard terms vary from lender to lender, but in general bridging finance is usually available for a period of between 1 and 24 months. It is sometimes possible to agree an extension beyond 24 months in some circumstances, but generally speaking bridging loans are meant as a short term financing measure, lasting months not a few years.
Instead of going to every lender on the market, just come to us, we do all the hard work for you. We have relationships with all the major lenders and private funders and speak directly to decision makers. Funds can be normally released between 3 and 10 days subject to legals.
We can usually obtain terms immediately and formal offers subject to valuation within 2 hours. If you are looking for speed and service then you have found the right company. Rates from 0.65% pcm but see our rates page for more info. We can also now lend on the value of Freeholds.
Bridging Finance for Land London, UK – Loans
When it comes to arranging quick funds to buy land immediately, BridgingFinance4U – a leading provider of bridging finance for land in London can be your best friend.. BridgingFinance4U offers special land bridging loans on land to help you snap up your dream property in any situation where you otherwise have to wait for a long time to get your funds processed. Once you obtain all the relevant permissions, we can help you get bridging finance for land development to purchase the plot.
How Does Land Bridging Finance Work?
Using bridging finance for the land is pretty much the same as using bridging loans for land to purchase a property. These funds are quick to set up compared to other types of loans and have flexible criteria. The land you buy through bridging loans can be used for both residential as well as commercial purposes. If you acquired planning permission, then you are likely to get bridging loans keeping your exit strategy into consideration.
Bridging Finance to Buy a New Land
If you are someone who is looking to build a new and bigger property, then land-bridging loans could help you out. Lands in prime areas, like Enfield and Middlesex, get sold out very fast, so it is essential that you act quickly. Going for traditional loans may take months to get approved, which may put you at risk of losing the land. In this situation, bridging finance for land from BridgingFinance4U will enable you to get funds on short notice and help you secure the plot.
Bridging Finance to Buy a Property at Auction
Bridging finance can be used to buy land in greater London, residential property, commercial building and buy-to-let properties. When you win a bid at auction, you are required to pay a 10% deposit on the same day, while the remaining 90% within 28 days. This is when a bridging loan from BridgingFinance4U comes in. Bridging finance can help you bridge the gap and secure the sale.
Whether you are an individual or a business tycoon, when you see a deal on land that seems favourable to you, you may like to buy it and build a property either for investment or personal use. A bridging loan can help you purchase the plot so you can use your own money to build residential or corporate premises. Once the development project is complete, you can sell it or mortgage the property to repay the original bridging finance.
How BridgingFinance4U Can Help You Get Land Bridging Loan?
Many bridging lenders in the UK refuse to provide loans for land purposes as they think it is too risky. While others who are ready to lend money for land purchases and sale in London ask for extra security to make sure the loan amount is secured as well as charge unfavourable interest rates. Keeping these factors in mind, it is better to seek the help of an experienced and professional land bridging finance company, because, without them, you may end up paying higher rates to get bridging finance quote and put more properties as security. At Bridging Finance 4U, we not only help you get an easy landlord bridging loan at a competitive rate, but we also work with expert advisors who have access to the entire loan market to advise you on the latest finance solutions. We provide it for this location also suitable in the local areas of London, Tottenham, Wood Green, Cuffley, Epping, Edmonton, London Borough of Waltham Forest, Potters Bar, Cheshunt, Ilford, Hatfield, Enfield, Waltham Abbey, Hertford, Barnet, Broxbourne, Buckhurst Hill, Waltham Cross, Edgware, Finchley.
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