Bridging Finance for Cattery Location
We provide specialist bridging finance for cattery residential properties in the UK, designed to help investors, developers, and business owners secure fast, short-term funding for property purchase, renovation, or expansion.
What is Bridging Finance for a Cattery Location?
Bridging finance is a short-term loan used to cover a temporary gap in property funding.
In the case of a cattery-location property, it provides fast access to capital so you can purchase, develop, or improve the site without waiting for a traditional mortgage approval.
These types of properties are often classed as specialist or mixed-use assets, which can make mainstream lending more difficult.
Our Bridging Finance Service
Our service is designed specifically for cattery location properties across the UK, offering fast and flexible funding solutions.
We help you:
- Purchase cattery location properties quickly (including auction purchases)
- Expand or redevelop property facilities
- Bridge funding gaps during property transactions
- Finance non-standard or un-mortgageable properties
- Access specialist lenders through a broker network
What is Bridging Finance Used For?
Bridging finance can be used for several property-related purposes, including:
- Fast purchase of cattery location property
- Property renovation or redevelopment
- Expansion of existing facilities or structures
- Completion of property chain transactions
- Funding properties that require refurbishment before mortgage approval
How Much Can Be Borrowed?
Loan amounts depend on the value of the cattery location property, as determined by loan-to-value (LTV). Most lenders offer between 65% and 75% LTV.
Example:
If a property is valued at £200,000, funding may range between £130,000 and £150,000.
The final amount depends on:
- Property condition
- Location and demand
- Borrower profile
- Exit strategy
Loan Terms and Repayment
Bridging loans are short-term, usually lasting 1 to 12 months, with some extending up to 2–3 years.
Repayment options include:
- Sale of the property
- Refinancing into a commercial mortgage
- Business or investment capital repayment
Interest options:
- Rolled-up (paid at the end)
- Retained (deducted upfront)
Open vs Closed Bridging Loans
These are the categories of bridging loans.
Open Bridging Loan
An open bridging loan is a type of short-term finance that does not have a fixed repayment date and is typically used when the exit strategy or repayment timing is uncertain.
Closed Bridging Loan
A closed bridging loan, on the other hand, has a fixed repayment date and is used when the borrower already has a confirmed exit strategy in place.
Interest Rates and Costs
Bridging finance rates typically range from the following:
- Monthly interest rates usually range from 0.4% to 1.5% per month.
- This is approximately equivalent to 5% to 18% annually, depending on the lender and loan terms.
Additional costs may include:
- Arrangement fees are the charges taken by the lender or broker for setting up the loan or financial deal.
- Legal fees are the costs paid for legal services, such as preparing and reviewing contracts and handling all legal documentation.
- Valuation fees are the charges for assessing the value of a property or asset before approving the loan.
- Despite higher costs, bridging finance offers speed and flexibility for urgent property transactions.
Why Use Bridging Finance for a Cattery-Location Property?
This type of property often requires specialist funding due to its commercial or mixed-use nature. Bridging finance helps by:
- Providing fast access to funding
- Supporting non-standard property purchases
- Enabling quick redevelopment or expansion
- Reducing delays in property transactions
Specialist Lenders and Broker Support
High-street lenders are often cautious with specialist property types.
We work with specialist UK lenders who understand:
- Commercial property structures
- Rural and non-standard assets
- Development and refurbishment projects
We also provide broker support to match you with suitable lenders.
Exit Strategy
An exit strategy must be clearly outlined for approval of the bridging finance.
- Examples of common exit strategies are:
- Refinancing to a commercial mortgage
- Utilization of investment/business funds
- Disposal of the asset post-development
- Having a sound exit strategy will increase the probability of obtaining the finance as well as minimise the financial risks involved.
Rural Finance Alternatives
In certain situations, there are alternative sources of funding that can complement bridging finance, such as:
Rural development programs
Grants from local councils
Business expansion initiatives
Answers to Your Questions About Finance
A bridging loan is a temporary loan provided to bridge any funding gap while buying, refurbishing, or remortgaging a property suitable for a cattery facility in the United Kingdom.
Bridging finance enables swift property acquisition in cases where standard mortgage lending is inadequate.
The uses of bridging finance include:
- Acquiring a cattery facility property
- Reforming or improving the facility
- Extending or restructuring existing facilities
- Property chains
- Properties that are not eligible for mortgage finance
Most providers range from 65% to 75% LTV based on the property and borrower.
Most bridging loans have a minimum period of 1 month to a maximum of 1 year. In some instances, the bridging loan term might extend up to 2-3 years.
There are several repayment methods:
- By obtaining a commercial mortgage
- By selling the property
- By using business/investment funds
Not necessarily. Bridging finance allows the following: Interest being rolled up until repayment or retained interest, whereby there will be no monthly payments during the loan term