Short Term Loans (Bridging Loans) are loans known as bridging finance and bridging loans secured on land or property and available from 3 months up to 3 years. The loan can be used for a variety of purposes including to resolve a temporary cash flow problem or to meet tight deadlines.

The funds can be available within 5 days.

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Bridging loans offer a fast and flexible method of property finance where funding is needed for up to 12 months. Funds can be arranged within days or in advance, giving you the flexibility you need.

Bridging products with a term of up to 12 months include:

RESIDENTIAL BRIDGING LOANS

• Residential Property Purchase - Up to 85% of purchase price on discounted transactions (100% with additional security),
• Residential Refinance - Up to 70% LTV,
• Residential Property Refurbishment - Up to 70% of the value plus 70% funding of refurbishment costs,

COMMERCIAL BRIDGING LOANS

• Property Purchase (Investment) - Up to 80% funding for blue chip or government tenanted, investment purchase,
• Property Purchase (Owner Occupied) - Up to 50% funding for purchase of your own business premises.
• Commercial Refinance - Up to 40% LTV,

USES INCLUDE:

Short term capital raising - Borrow against one or more residential investment properties and use funds for any legal purpose eg:

Speedy residential purchase - Take advantage of a deal where a speedy purchase is required to lock in a discount, and then refinance the loan over the coming months.

Broken residential chain - Use the Bridging loan taken out against an existing property (as long as it is not the borrowers home) to allow the borrower to complete on the purchase of a new home when the buyer of the existing property pulls out.

Mortgage offer pulled - Secured against a new property where a mortgage offer has been pulled so as to complete the purchase providing several months to find and secure a long-term mortgage.

Property improvement - Property investors often wish to renovate a property in a few months and subsequently sell or refinance. A bridge can often prove to be the perfect vehicle for this short-term capital requirement.

Buying at auction - Giving you the ability to place the 10% deposit and settle in full within 14-28 days (at risk of losing the deposit if you don't complete) where traditional lenders are unable to complete in the timeframe and refinance over the coming months.

Pre-approval: DrawDown Facility - A pre-arranged, pre-approved limit that can be drawn down against a property or portfolio of properties at a moments notice allowing you to make the most of being able to move fast.

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