Large Bridging Loans London UK
When it comes to large bridging loans, there have to be some exceptional amounts of money lent from some lenders. An instance can be for a large amount close to £130 million, for the purchase of redevelopment land. The site is approved for 525 houses and apartments to be built.
The loan is worked out using a loan to value (LTV) process, so you can borrow a certain amount of the value of the land, property, or business that you are committing to. Therefore, the amount offered in a bridging loan will relate to that and will depend somewhat on the lender, and on the financial commitments that you already have, because that lender will want to see a repayment strategy in place.
This is why going through Bridging Finances 4 U for large bridging finance is a good idea. We will be able to find the right lender for you, but will also take the time to discuss your finances and ensure that a bridging loan is absolutely right for you. If it is, we will work hard to get you the best deal we can, saving you money in the process.
Residential & Commercial Bridging
Bridging Finance 4U are master brokers and packagers for all the leading bridging lenders and private funders in the UK.
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 instance, 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 large bridging finance is usually available for a period of between 1 and 24 months. It is sometimes possible to agree on an extension beyond 24 months in some circumstances, but generally speaking, bridging loans are meant as a short term finance 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 legal.
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.
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What are Large Bridging Loans in London and how do they work?
The bridging loan is considered large when the amount that borrower wants exceeds £5 million. If you are searching for large bridging loans or development finance above £5 million, you may find it difficult to come across a lender who is willing to lend a sum of £5m. Fortunately, BridgingFinance4U has developed solid relationships with numerous lending partners and have access to the whole of the UK financial market in order to offer you bridge loans good idea up to £50m+ where other lenders refuse to give. How bridging loans work?
Based in the UK, BridgingFinance4U has a dedicated team of financial experts who specialises in offering the best possible finance solutions for both residential and commercial facilities. The bridging finance industry is as deviated as the property industry itself. Most lenders who provide bridging funds to homeowners have an upper limit of £5 million. When the amount goes beyond £5 million, there are certain lenders who offer only large-scale loans. As the loan amount increases, the risk associated with it also increases and that is why there are very few lenders in the market that offers such a large bridging loan. Moreover, the high value bridging loan market is getting more complex and competitive. Therefore, it is advisable to reach these lenders through reliable brokers only in London, Wales, Newtownabbey, Merthyr, Halifax, Nottingham, 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, UK.
Top tips for securing Large Bridging Loans in London UK – Wales
At BridgingFinance4U, we have all the required knowledge and access to these specialised lenders, which allow us to find and manage a large commercial bridging loan timescale for your short-term needs. Whether you are looking to buy a new house purchase buy-to-let properties or expand your business premises, BridgingFinance4U promises to offer professional financial services to help you get the funds you need at the lowest possible valuation process in accordance with your timescales. Since our job is to help you secure the most competitive possible deal, we will do all the hard work to negotiate the interest percentage and provide you with a suitable bridging loan (before you can get bridging finanace quote)
Large bridging loans serve as a vital financial tool for property developers, enabling them to bridge the gap between buying and selling properties. Typically lasting for up to 12 months, these loans provide flexible financing options for commercial property ventures when traditional mortgages may not be readily available. While there may be an arrangement fee associated with bridging loans, they offer quick access to funds and are regulated by the Financial Conduct Authority, ensuring borrower protection. Bridging loan applications consider factors such as the type of property, legal fees, exit strategy and the borrower’s credit score, allowing property developers to secure the necessary financing outside the scope of traditional lenders.