Case Studies
Case study details and client name
There are many sources of bridging finance, so how do you choose the lender that’s right for you? We’d suggest considering the following six points:
A short-term, interest only loan available to individuals, partnerships and companies who need finance in a short timescale.
The loan is secured by first or second charge over a property and ‘bridges the gap’ until a more permanent arrangement such as a mortgage or sale is secured.
Bridging loans are repaid from refinance or sale of the property.
Whenever you urgently need a loan to purchase or refinance a commercial or residential property for investment or development.
From the sale or refinance of the property.
A first charge loan is usually the only mortgage secured by the property whereas a second charge loan is also secured against the property but ranks behind a charge from another lender.
Immediately we have details of your requirement and the security to be offered.
You provide this by completing an initial enquiry form or an application form. alternatively, phone and speak to our new business team.
We will then provide a decision in principal or, with sufficient information, a detailed Heads of Terms.
As soon as you accept the Heads of Terms, the application will be processed by our team of experienced underwriters.
We work with a tried and tested panel of valuers and solicitors to ensure the loan can be advanced swiftly and efficiently.
We are not brokers but Principal Lenders. This means we have our own funds readily available to lend which are provided by our shareholders and bankers.