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The following are the Frequently Asked Questions on getting Bridging Finance on various Properties in UK

Q. Am I able to borrow finance on a property on which I already have a mortgage/other charges?

A. Yes. We can obtain 2nd and 3rd Charges, subject to equity in your property.

Q. Can I apply if I am self employed and do not have a set of accounts?

A. Yes. Lenders are mainly interested in the security and exit.

Q. Can I convert my bridging loan into a longer term loan?

A. Yes. As Discount Mortgages are regulated we can offer buy to let or residential mortgages for your exit.

 Q. Can I make capital reductions?

A. Yes, at any time. This will reduce the balance outstanding as well as your monthly repayments.

Q. Can I pay off my loan early?

A. You may pay off your loan at any time. If you took out a 6 month loan and interest was deducted in advance any interest not used will be refunded.

Q. Can I protect my loan repayments?

A. We can obtain life assurance on your loan if required.

Q. Can you help people with County Court Judgements (CCJs), arrears and/or adverse credit?

A. Yes we can but the rates start at 0.99% and most acceptable exits are sale of property.

Q. Do I need a solicitor?

A. Yes. Costs vary for each lender

Q. Do you lend to Limited Companies?

A. Yes and SPV inc off shore SPV

Q. How long will it be before I receive my funds?

A. Typically this take between 5 days and 2 weeks depending on your solicitors. Offers can be made same day subject to valuation.

Q. How much could I typically borrow?

A. Bridging loans are available from £25,000 – £50 million

Q. Is there a charge for making an application?

A. No

Q. What can I use the Bridging Finance loan for?

A. Your unregulated loan can be used for any business purpose

Q. What costs are involved in bridging finance?

A. £399 admin fee once case agreed by lender

£350 valuation fee subject to property value and location

2% lenders arrangement fee

£750 lenders solicitors fee subject to lender

Q. What is the monthly rate?

A. Interest rates start from 0.65% per month at 40% LTV

Q. What type of security can be lent against?

A. Lenders will lend on most types of residential, commercial or semi-commercial properties inc land.

Let’s talk about how we can help you…

Ask Bridging Finance 4u

Scott Simmons
Scott Simmons
Would highly recommend this business. Thanks
Richard Rouse
Richard Rouse
Excellent Fast Service
Luther Appiah
Luther Appiah
Thanks to all the team at Bridging Finance4u my client was able to get his finance very quickly in a matter of days. The service was fast and friendly. I will be recommending you to all my clients who require hassle free finance at a fair rate.
Reza Rad
Reza Rad
My experience with you is highly satisfactory and your professional services are excellent.
Peter Ivanhoe
Peter Ivanhoe
We used this services for one of our clients and we found it to be quite friendly and quick always someone helpful on the other end of the phone to help you