Extended Bridging Loans

We have access to lenders now offering bridging over periods longer than 12 months. Typically terms are between 12 months and 3 years, although facilities are available for up to 5 years.

This type of funding might be ideal when a complicated planning application is to be made or in probate case which can sometimes take a significant amount of time to complete.  Other examples when an extended bridging loan may be required;

• If negotiating the extension of a lease
• If the loan will be repaid from the sale of a business
• In the case where a property refurbishment is expected to take longer than 12 months

A large part of the interest can be rolled up over the term of the loan, allowing you to maximise cash flow.

Extended Bridging is suitable for most types of properties; here is an outline of the terms available;

CURRENT RATES

• Residential from 0.95% per month
• Commercial from 1% per month

RESIDENTIAL PROPERTY

•   Residential Property Purchase/ Re-Finance (Buy To Let) – Borrow up to 85% of purchase price

•   Residential Property Refurbishment – Borrow up to 70% funding of purchase and refurbishment costs

•   Houses in Multiple Occupancy (HMO) Purchases – Up to 85% funding of property purchase

COMMERCIAL PROPERTY

•   Investment Property Purchase – Borrow up to 80% of the property value for blue chip or government tenanted investment purchases.