Yes, Bridging Loans Ltd is a principal lender - we are NOT a broker and if you apply direct to us you will pay no broker fee.
Our minimum bridging loan is £100,000; however we can look at lower amounts in specific cases. Our maximum loan is generally £400,000 although in the London area we can consider up to £750,000 on an individual basis.
You may use the bridging funds for any legal purpose - business, personal or pleasure - as long as the security property is an investment / commercial property.
Our interest rates start at 0.95% per month, and in some circumstances the interest can be rolled to the end of the loan. We do not require interim capital repayments, and if we are not able to roll the interest, the payments would be interest only until the bridging loan is redeemed.
We are able to lend on most types of commercial and residential property.
Yes we can lend to limited companies and can use your business property as security for the loan to your company.
There is no charge for applications - we will give you a no obligation, free quote after considering your case.
A creation fee will be payable, but only once the bridging funds are drawn down. An arrangement fee may be payable. If you come to us direct you will not have to pay a broker fee.
We are often able to provide you with the bridging finance within a week, following a satisfactory valuation.
Yes, if you wish you can repay your bridging loan at any time, subject to our minimum term of 3 months, or if you desire you can make capital contributions during the loan term in order to reduce the outstanding balance.
As long as the history can be explained and the amounts are not too high, this should not present a problem, we would merely require adequate security over your property and if you are unable to service the loan monthly, we may be able to roll the interest to the end of the loan term.
Yes, in most cases you may self certify your income as part of the bridging loan application.
Yes, we can offer second charge bridging loans subject to the equity remaining on the property.
Yes, but only by granting us security on property owned by you in the United Kingdom.
Our solicitors can look after the legalities and bridging loan documentation, but we do ask borrowers to seek independent legal advice from their solicitor prior to completion of the loan.