A Bridging loan is best described as short-term finance that can last from 1-36 months.

Just Bridge It has a whole of market approach with 160 lenders for fast and flexible funding within the week and for all kinds of purposes on a 1^st or 2^nd Legal Charge over a security property or land.

Why use a Bridging loan?

Historically Bridging finance was used to ‘bridge’ the gap in property chains, however it is now widely for the following purposes:

• Complete initial purchases of residential or Semi-Commercial/Commercial property
• Complete on unmortgageable properties of non-standard construction or a property that is unhabitable without a kitchen or bathroom that mortgage companies are not comfortable in lending to
• Complete the purchase of land with or without planning permission
• Create ‘war chests’ by way of capital raising against an existing property or a Portfolio. Many of these scenarios are used whereby the Borrower is in a cash rich position to buy other properties quickly or simply funds are raised for business purposes whether it is for cash flow purposes or to pay Tax or VAT.   We have been asked to raise funds for Corporation Tax, PAYE, Capital Gains Tax, Inheritance Tax or Income Tax purposes
• Re-bridge existing Bridging loans due to expire
• Auction purchases on strict completion timelines
• Create funds for refurbishment projects, light, medium or heavy or simply for an extension or HMO under PDR or with planning permission
• Using a 1-18 month term with a ‘development exit’ product to step off your Development Finance product and onto a cheaper product when the property or site is wind and watertight or has achieved Practical Completion

We lend from £10,000 – £50,000,000 to the following entities:

• Individuals
• Partnerships
• Ltd companies/Businesses
• Investors/Property Developers

Where a Bridging loan is different from the High Street?

Many 1^st tiered lenders on the high street can take many months requesting lengthy lists of requirements before going to their credit committee for a decision, subject to the property getting valued.

A Bridging loan is much faster than the high street lender and not only do we lend against the Bricks and Mortar value, we also have lenders that will lend against the open market value where the high street is restricted.  Ask us about using your discount as your deposit?

How to Pay your Interest on your Bridging loan?

Whilst you only pay interest on the money that has been released to you, you may be able to make monthly payments and service the loan however where allowable there may be the opportunity of rolling up or retaining your interest for the term of the loan on Day 1.  Many of our clients prefer this option.

How to EXIT your loan?

Many of our Borrowers repay their Bridging loans in one of the following ways:

• Sale of the property we have just arranged your Bridging Loan on
• Sale of other assets to release the charge from the property we have just arranged your Bridging loan on
• Arrange a Buy to Let Mortgage to close down the Bridging Finance
• Monies in from other sources, i.e. insurance, inheritance, business profits etc

Do you want to get started?  Contact us today on 01508 491111