Bridging Loans - Apply Now
It is a short term loan secured on property or land.
What can I use my Bridging Loan for?
You can use these for any purpose, i.e. property puchase, extensions, property improvements, auction purchase, capital raising, overseas property, New home building, etc.
What type of security is required to obtain a Bridging Loan?
Residential, commercial, semi-commercial property or land, are all acceptable security.
Do I need to prove my income to obtain a Bridging Loan?
They do not require proof of Income!
Do Bridging Loans require regular monthly payments?
Absolutely not, an option is available to "roll-up" all the interest and pay the total and accrued interest, on the expiry of the agreement.
What upfront fees would I have to pay, to obtain a Bridging Loan ?
The only upfront fee required is a property surveyors valuation fee. This is required by all lenders, to establish the value of any security.
Can I make capital reductions of the Bridging Loan, during the term of the Bridging Loan?
Yes you can reduce the amount, during the term.
How long does it take to obtain a Bridging Loan?
Most are processed within 5- 10 working days, but can be done within 24- 48 hours, if all required details are provided.
What is the normal loan amount for a Bridging Loan?
Most are 75-85% of the security valuation, but can be more by special agreement.
What is the monthly cost of a Bridging Loan?
It can cost between 0.5% and 1.75% per month.
