Bridging
Loan Terms
Loan amounts: Minimum £50,000; maximum £2,000,000
Loan to Value: Maximum 75% overall (including any interest roll)
Security: First charge on freehold or long leasehold (min 50 years remaining) residential property situated in England, Wales or Scotland. We will occasionally accept second charges only, subject to individual approval.
Loan Term: 1-18 months
Arrangement Fee: From 1% of the loan – this can be added to the loan.
Interest Rate: From 1% per month.
The overall cost for comparison is 13.4% APR typical.
Valuation Fee Scale:
Purchase Price
/Estimated Value
£ |
Fee
(inclusive of VAT)
£ |
| 0 – 100,000 |
125 |
| 100,001 – 150,000 |
170 |
| 150,001 – 200,000 |
200 |
| 200,001 – 250,000 |
245 |
| 250,001 – 300,000 |
260 |
| 300,001 – 400,000 |
355 |
| 400,001 – 500,000 |
450 |
| 501,000 – 600,000 |
550 |
| 601,000 – 700,000 |
650 |
| Above 700,000 |
Individual quotation |
Solicitors: In the majority of cases we will be able to use your solicitors to act for us – provided the firm has 2 or more partners.
Your home may be repossessed if
you do not keep up repayments on your mortgage.
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