Superfast Completion, Often Within Days
Land, With or Without Planning
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2nd Charge (consent not always required)
Quick Auction Finance
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3rd Charge (consent not always required)
Adverse Credit Considered
2nd Charge Behind Bridging Lender
2nd Charge Behind Equity Release Lender
Up to Age 85
Pure Equity Based Lending
Residential & Commercial
Valuations Not Always Required
Loans from £25,500
Free Legal Option
No monthly payments
Our number one aim is to complete bridging loan and development finance cases in the quickest possible time frame, and our average throughput from acceptance of the offer to completion and pay-out is no more than a few days. We would never confess to being the cheapest lender in town, but as far as we are concerned, we are the most flexible and quickest. We have very few standard lender requirements; however, we are totally responsible in our lending capacity. We complete all paperwork and get to know all of our clients in depth from the beginning, which most importantly includes ensuring a solid and firm exit route.
All development finance products are tailored to meet the unique requirements of the project being undertaken. A typical development finance bridging loan will be issued for a maximum period of 24 months.
Some development finance loans may be issued for as little as six months if the borrower wishes to repay the loan as quickly as possible. Early repayments can pave the way for preferential interest rates and lower overall borrowing costs.
The key to a smooth development finance application lies in conducting extensive research and performing due diligence. Lenders expect applicants to ensure all possible eventualities have been factored in and the project's success is assured.
It is the viability of the project upon which the lender will base their decision, so providing as much supplementary evidence as possible is essential.
An experienced property developer with an established track record may find it easier to qualify than a first-time developer. However, the flexibility of development finance enables specialist lenders to create bespoke packages to suit almost all requirements.
Applying for development finance via an experienced broker is essential to ensuring you get the best possible deal.
Development finance will only be granted by the lender when a clear exit plan has been outlined by the applicant. The three most common exit strategies for development finance are as follows:
For more information on any of the above or to discuss the features of development finance in more detail, call us for an obligation-free consultation.
Clients approach UK Bridging Loans either directly or via introducers. Basic questions by way of a “fact-finding” process are used by UK Bridging Loans to determine if the lending requirements are a possibility.
An immediate yes or no answer is given, and if suitable, a quotation is formulated and forwarded to the client, usually by email.
A formal offer is produced for any client wishing to proceed and forwarded for signature, again, usually by email.
Each client is visited at the security address for the signature of the remaining loan paperwork, including a CH1 land registry charging order. We will also collect any additional pre-requested documentation.
The signed documentation was immediately sent to our underwriters. Our model is based on very quick completions, as each deal is funded using all of our own money. On rare occasions, we may request additional information.
Average completion from initial acceptance to pay-out is usually just a few days. We rarely require valuations or additional legal representation. The land registry charge will be removed once the bridging loan is repaid.
The applicant could be too old to obtain a standard high-street mortgage, as most mortgage lenders now prevent borrowing beyond what is deemed “normal retirement age”.
The property may be in a condition where it is not suitable for mortgage financing, and as such, a bridging loan could be used to complete the purchase and any required work prior to refinancing.
The applicant may have had some adverse credit, however minor, which was previously acceptable to lenders but now no longer fits the high street lending criteria.
The applicant may have difficulty proving the income requirements needed for more regular financing. This may be due to poor self-employment records, a break from work, a reduction in self-employed workloads, or overtime.
Superfast completion, often within days
Land, with or without planning 2nd charge (consent is not always required) Quick auction finance 3rd charge (consent is not always required) Adverse credit is considered 2nd charge behind the bridging lender 2nd charge behind the equity release lender Up to age 85 Pure equity-based lending Residential and commercial Valuations are not always required Loans from £25,500 A free legal option No monthly paymentsWe offer a quick turnaround with fast bridging loans, and in some cases, we will approve and get you the finances you need in 24 hours.
Funding is provided for all manner of development needs, from light to heavy refurbishment or a complete development build.
A bridging loan can be a good way to stop yourself from falling into bankruptcy, giving you an urgent cash injection when needed.
Business finance can be obtained through bridging finance and can be used for a variety of purposes for your business.
Consolidate your debts into one monthly payment by using a bridging loan to bring your finances back into shape.
An unexpected tax bill could create a real strain on finances. Use bridging loans to pay your taxes.
A bridging loan can be used to take your mortgage out of arrears and stop the home from being repossessed in the process.
Our quick and easy bridging loan calculator can be used to easily identify repayments on a bridging loan with just a few clicks.
Business Address: Office Block 2, Kibworth Business Park, Kibworth Harcourt, Leicestershire, LE8 0EX
Telephone: 0116 366 6338
Email: contact@ukbridgingloans.uk
0116 366 6338
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