Best 2022 Bridging rates available for all purposes ...
Chain breaking
Purchase before sale
Refurbishments
Re-bridging etc ...
Development finance
Open-ended bridging
for all property types ...
Best 2022 Bridging rates available for all purposes ...
Chain breaking
Purchase before sale
Refurbishments
Re-bridging etc ...
Development finance
Open-ended bridging
for all property types ...
Lowest bridging rates at August 2022
We are not a comparison website, a lead-generator, or sales centre. Our professional in-house bridging loan advisers are highly experienced, qualified, and authorised by the Financial Conduct Authority (FCA).
As an experienced finance broker, we offer all clients & introducers the most competitive bridging loan rates. This ensures we deliver the best possible solutions for clients at all times.
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For straightforward Bridging Loans, this market-leading bridging product offers a very competitively priced and flexible option, starting at 0.41% pm for FCA regulated and non-regulated bridging loans.
| Min loan: | £50,000 |
| Max loan: | £ no max |
| Interest rate: | from 0.41% |
| Max LTV: | 75% (100% with additional security) |
| Security: | First & second charges |
| Term: | 1 - 36 months |
| Tenure: | Freehold, or leasehold with 50+ years |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fee: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
This light-refurbishment bridging loan product accommodates refurbishments where no planning permission is required, and there is no overall change to the structure resulting in an increased footprint of the property. Also available where works are being completed under Permitted Development Rights. FCA regulated and non-regulated bridging loans.
| Min loan size: | £50,000 |
| Max loan size: | £ no max |
| Interest rate: | from 0.41% pcm |
| Max LTV: | LTV up to 75% |
| Security: | First / second charge |
| Term: | 1 - 36 months |
| Tenure: | Freehold, or leasehold with 50+ years |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fees: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
Our heavy refurbishment Bridging loans offer competitive rates many types of project where structural reconfigurations are required such as extensions to existing properties where planning permission is required. FCA regulated and non-regulated bridging loans.
| Min loan: | £50,000 |
| Max loan: | £50 million |
| Interest rate: | from 0.59% |
| Max LTV: | 75% net & 100% of build cost |
| Security: | First charge |
| Term: | 1 - 18 months |
| Tenure: | Freehold, or leasehold with 50+ years |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fees: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
This commercial bridging finance is designed for the purchase or remortgage of commercial and semi-commercial property including shops and offices, until long-term finance can be arranged, and is available on a first and second charge basis.
| Min loan: | £50,000 |
| Max loan: | £50 million |
| Interest rate: | from 0.55% |
| Max LTV: | 75% (100% with additional security) |
| Security: | First / second charge |
| Term: | 1 - 36 months |
| Tenure: | Freehold, or leasehold with 50+ years |
| Facility fee: | 0.5 - 2% on completion |
| ERC / Exit fees: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
Our bridging loans for land have been designed to be fast and flexible, with competitive rates to suit most land transactions, including land with or without planning permission.
| Min loan: | £50,000 |
| Max loan: | £100 million |
| Interest rate: | from 0.63% |
| Max LTV: | 70% (with planning) / 65% (without planning) |
| Security: | First / second charge |
| Term: | 1 - 12 months, open-ended loans available |
| Tenure: | Freehold |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fees: | not usually required |
| Guarantees: | Loans with no personal guarantees are available |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
Full range of mortgage and short-term bridging loans for all applicants over 18 years of age regardless of residential status. Borrowers over 70 years of age can also be considered. Loans are secured against UK property, and other asset types can also be taken into consideration including investments, guarantees, or land etc. FCA regulated and non-regulated bridging loans.
| Min loan: | £500,000 |
| Max loan: | £ no max |
| Interest rate: | from 0.21% |
| Max LTV: | 60% (100% with additional security) |
| Security: | First charge |
| Term: | 1 - 36 months |
| Tenure: | Freehold or Leasehold |
| Facility fee: | 1% on completion |
| ERC / Exit fee: | not usually required |
| Monthly payments: | Serviced or rolled-up |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
These development finance solutions have been designed to be fast and flexible, with competitive rates to suit a wide range of property developments, large or small. Planning gain finance is available enabling property professionals to secure developments which have not yet received the planning permission, helping to fund asset acquisitions, planning surveys and applications costs in arrears.
| Min loan : | £150,000 |
| Max loan: | £100 million |
| Interest rate: | 0.33% |
| Max LTV: | 70% of GDV and 100% of build cost |
| Security: | First charge |
| Term: | 12 - 36 months |
| Tenure: | Freehold |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fees: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
Competitive stress-free buy-to-let mortgages at up to 75% LTV with no stress testing. Fixed rates available for 2,3, or 5 year terms.
Interest coverage ratio (ICR) busting loan terms with rental income to cover 100% of pay rate. Funding is available for all structures, from individuals to limited and offshore companies, partnerships and trusts. Foreign nationals, first-time landlords, expats, and all credit profiles considered.
This range of buy-to-let mortgages is available throughout England. Please contact us for details on BTL mortgages available in other areas of the UK.
| Key features | ||||||
| Product | 1 | 2 | 3 | 4 | 5 | |
| Min loan | £150,000 | |||||
| Max loan | £15,000,000 | |||||
| ICR | No stress test: only 100% of pay rate (rate less deferred Interest) | |||||
| Max LTV | 75% | 70% | 65% | |||
| Rate | 5.69% pa | 5.99% pa | 6.39% pa | 6.99% pa | 7.39% pa | |
| Deferred Interest | Up to 1% pa on LTVs up to 70% | Up to 2% pa | ||||
| Pay rate | 4.69% pa | 4.99% pa | 5.39% pa | 4.99% pa | 5.39% pa | |
| Term | 5 years | 2 or 3 years | ||||
| Fee | 2.5% | |||||
| ERCs | 4% / 3% / 2% – final 2 years ERC free | 3% / 3% / 3% – final 3 months ERC free | ||||
| Top slicing | No | No | Up to max 20% | |||
| (Retained shortfall allowed) | ||||||
| Interest retention | 3 months will be deducted for purchases | |||||
| Product | 1 | 2 | 3 | 4 | 5 |
| Min value | £200,000 | ||||
| Max value | £2m | £3m | £5m | ||
| Location | England only | ||||
| Mixed use | No | Commercial up to 25% (LTV will be restricted) | Commercial up to 30% (LTV will be restricted) | ||
| HMO | Up to 6 bedrooms | Up to 10 bedrooms | Up to 16 bedrooms | Up to 24 bedrooms | |
| MUFB | 8 units max | 12 units max | 16 units max | 30 units max | |
| Planning Irregularity | No | Yes depending on severity | |||
| Ex Local Authority Flats | Yes provided no balcony access & in London | Yes provided no balcony access | Yes | ||
| AirBNB/holiday lets | No | Airbnb only | Yes | ||
| Flats above commercial | No | Yes | |||
| Works permitted to security | 10% max permitted | ||||
| Max exposure in a block |
Less than 12 units – max 35% of block Between 13-40 units – max 25% of block Greater than 40 units – max 10 units of block |
||||
| Product | 1 | 2 | 3 | 4 | 5 |
| Min age | 21 years (at beginning of term) | ||||
| Max age | 69 years (at beginning of term) | ||||
| Max no of applicants | 4 applicants | ||||
| Min Income | £30,000 | Not required | |||
| First-time buyer | No | Yes | |||
| First-time landlords | Yes – max LTV 70% & max £1m loan (Must own main residence) | Yes (Must own main residence) | Yes | ||
| UK Individual | Yes | ||||
| UK Company | Yes | ||||
| Offshore Company | No | Yes (locations specified in Lending Guide) | |||
| UK UBO | Yes | ||||
| Ex Pat UBO | Min 2 properties in UK excluding security | Min 1 property in UK excluding security | Yes | ||
| Foreign National UBO | Must have permanent right to reside and currently reside in the UK. Min 2 properties in UK excluding security. | Min 1 property in UK excluding security | Yes | ||
| Product | 1 | 2 | 3 | 4 | 5 |
| Defaults | 0 in 24 months, 1 in 36 months < £1,000 satisfied | 0 in 24 months, 3 in 36 months < £5,000 satisfied | 0 in 12 months, -£1,000 in 24 months | < £1,000 in 24 months – if unsatisfied, must be on completion | >£1,000 in 24 months |
| CCJs | 0 in 24 months, 1 in 36 months < £1,000 satisfied | 0 in 24 months, 3 in 36 months < £5,000 satisfied | 0 in 12 months, < £1,000 in 24 months | < £1,000 in 24 months (if unsatisfied must be on) completion | >£1,000 in 24 months |
| Unsecured on loan balances over £500 | 0 in 24 months, 2 in 36 months | max 3 in 24 months | max 3 in 12 months | >3 in 12 months | |
| Secured Mortgage Payments | 0 in 36 months | 0 in 24 months, 1 max in 36 months | 0 in 24 months | 0 in 3 months, 6 in 24 months | |
| IVA/CVA | No | Yes (provided discharged over 3 years) | Yes (provided discharged over 2 years) | ||
| Bankruptcy | No | Yes (provided discharged over 3 years) | Yes (provided discharged over 2 years) | ||
scroll for more info
For straightforward Bridging Loans, this market-leading bridging product offers a very competitively priced and flexible option, starting at 0.41% pm for FCA regulated and non-regulated bridging loans.
| Min loan: | £50,000 |
| Max loan: | £ no max |
| Interest rate: | from 0.41% |
| Max LTV: | 75% (100% with additional security) |
| Security: | First & second charges |
| Term: | 1 - 36 months |
| Tenure: | Freehold, or leasehold with 50+ years |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fee: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
This light-refurbishment bridging loan product accommodates refurbishments where no planning permission is required, and there is no overall change to the structure resulting in an increased footprint of the property. Also available where works are being completed under Permitted Development Rights. FCA regulated and non-regulated bridging loans.
| Min loan size: | £50,000 |
| Max loan size: | £ no max |
| Interest rate: | from 0.41% pcm |
| Max LTV: | LTV up to 75% |
| Security: | First / second charge |
| Term: | 1 - 36 months |
| Tenure: | Freehold, or leasehold with 50+ years |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fees: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
Our heavy refurbishment Bridging loans offer competitive rates many types of project where structural reconfigurations are required such as extensions to existing properties where planning permission is required. FCA regulated and non-regulated bridging loans.
| Min loan: | £50,000 |
| Max loan: | £50 million |
| Interest rate: | from 0.59% |
| Max LTV: | 75% net & 100% of build cost |
| Security: | First charge |
| Term: | 1 - 18 months |
| Tenure: | Freehold, or leasehold with 50+ years |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fees: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
This commercial bridging finance is designed for the purchase or remortgage of commercial and semi-commercial property including shops and offices, until long-term finance can be arranged, and is available on a first and second charge basis.
| Min loan: | £50,000 |
| Max loan: | £50 million |
| Interest rate: | from 0.55% |
| Max LTV: | 75% (100% with additional security) |
| Security: | First / second charge |
| Term: | 1 - 36 months |
| Tenure: | Freehold, or leasehold with 50+ years |
| Facility fee: | 0.5 - 2% on completion |
| ERC / Exit fees: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
Our bridging loans for land have been designed to be fast and flexible, with competitive rates to suit most land transactions, including land with or without planning permission.
| Min loan: | £50,000 |
| Max loan: | £100 million |
| Interest rate: | from 0.63% |
| Max LTV: | 70% (with planning) / 65% (without planning) |
| Security: | First / second charge |
| Term: | 1 - 12 months, open-ended loans available |
| Tenure: | Freehold |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fees: | not usually required |
| Guarantees: | Loans with no personal guarantees are available |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
Full range of mortgage and short-term bridging loans for all applicants over 18 years of age regardless of residential status. Borrowers over 70 years of age can also be considered. Loans are secured against UK property, and other asset types can also be taken into consideration including investments, guarantees, or land etc. FCA regulated and non-regulated bridging loans.
| Min loan: | £500,000 |
| Max loan: | £ no max |
| Interest rate: | from 0.21% |
| Max LTV: | 60% (100% with additional security) |
| Security: | First charge |
| Term: | 1 - 36 months |
| Tenure: | Freehold or Leasehold |
| Facility fee: | 1% on completion |
| ERC / Exit fee: | not usually required |
| Monthly payments: | Serviced or rolled-up |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
scroll for more info
These development finance solutions have been designed to be fast and flexible, with competitive rates to suit a wide range of property developments, large or small. Planning gain finance is available enabling property professionals to secure developments which have not yet received the planning permission, helping to fund asset acquisitions, planning surveys and applications costs in arrears.
| Min loan : | £150,000 |
| Max loan: | £100 million |
| Interest rate: | 0.33% |
| Max LTV: | 70% of GDV and 100% of build cost |
| Security: | First charge |
| Term: | 12 - 36 months |
| Tenure: | Freehold |
| Facility fee: | 0.5% - 2% on completion |
| ERC / Exit fees: | not usually required |
| Monthly payments: | None required (interest is rolled into the loan) |
| Locations: | England, Scotland, & Wales |
You could save the cost of a full physical valuation with an automatic desktop valuation, which are available FREE OF CHARGE for standard bridging loans, provided the following criteria are met ...
When multiple properties are used as security, an AVM can be used for each property. If an AVM cannot be used, a physical valuation will be required. Desktop valuations are not available for the following property types ...
Applications can be accepted for who meet the following criteria:
Lending outside of these limits can be considered subject to underwriter review, please contact us for further details
Applications can be accepted for companies meeting the following criteria:
Personal guarantees may be required for directors and shareholders. This will usually be subject to the company having a maximum of 4 qualifying directors and shareholders.
Competitive stress-free buy-to-let mortgages at up to 75% LTV with no stress testing. Fixed rates available for 2,3, or 5 year terms.
Interest coverage ratio (ICR) busting loan terms with rental income to cover 100% of pay rate. Funding is available for all structures, from individuals to limited and offshore companies, partnerships and trusts. Foreign nationals, first-time landlords, expats, and all credit profiles considered.
This range of buy-to-let mortgages is available throughout England. Please contact us for details on BTL mortgages available in other areas of the UK.
| Key features | ||||||
| Product | 1 | 2 | 3 | 4 | 5 | |
| Min loan | £150,000 | |||||
| Max loan | £15,000,000 | |||||
| ICR | No stress test: only 100% of pay rate (rate less deferred Interest) | |||||
| Max LTV | 75% | 70% | 65% | |||
| Rate | 5.69% pa | 5.99% pa | 6.39% pa | 6.99% pa | 7.39% pa | |
| Deferred Interest | Up to 1% pa on LTVs up to 70% | Up to 2% pa | ||||
| Pay rate | 4.69% pa | 4.99% pa | 5.39% pa | 4.99% pa | 5.39% pa | |
| Term | 5 years | 2 or 3 years | ||||
| Fee | 2.5% | |||||
| ERCs | 4% / 3% / 2% – final 2 years ERC free | 3% / 3% / 3% – final 3 months ERC free | ||||
| Top slicing | No | No | Up to max 20% | |||
| (Retained shortfall allowed) | ||||||
| Interest retention | 3 months will be deducted for purchases | |||||
| Product | 1 | 2 | 3 | 4 | 5 |
| Min value | £200,000 | ||||
| Max value | £2m | £3m | £5m | ||
| Location | England only | ||||
| Mixed use | No | Commercial up to 25% (LTV will be restricted) | Commercial up to 30% (LTV will be restricted) | ||
| HMO | Up to 6 bedrooms | Up to 10 bedrooms | Up to 16 bedrooms | Up to 24 bedrooms | |
| MUFB | 8 units max | 12 units max | 16 units max | 30 units max | |
| Planning Irregularity | No | Yes depending on severity | |||
| Ex Local Authority Flats | Yes provided no balcony access & in London | Yes provided no balcony access | Yes | ||
| AirBNB/holiday lets | No | Airbnb only | Yes | ||
| Flats above commercial | No | Yes | |||
| Works permitted to security | 10% max permitted | ||||
| Max exposure in a block |
Less than 12 units – max 35% of block Between 13-40 units – max 25% of block Greater than 40 units – max 10 units of block |
||||
| Product | 1 | 2 | 3 | 4 | 5 |
| Min age | 21 years (at beginning of term) | ||||
| Max age | 69 years (at beginning of term) | ||||
| Max no of applicants | 4 applicants | ||||
| Min Income | £30,000 | Not required | |||
| First-time buyer | No | Yes | |||
| First-time landlords | Yes – max LTV 70% & max £1m loan (Must own main residence) | Yes (Must own main residence) | Yes | ||
| UK Individual | Yes | ||||
| UK Company | Yes | ||||
| Offshore Company | No | Yes (locations specified in Lending Guide) | |||
| UK UBO | Yes | ||||
| Ex Pat UBO | Min 2 properties in UK excluding security | Min 1 property in UK excluding security | Yes | ||
| Foreign National UBO | Must have permanent right to reside and currently reside in the UK. Min 2 properties in UK excluding security. | Min 1 property in UK excluding security | Yes | ||
| Product | 1 | 2 | 3 | 4 | 5 |
| Defaults | 0 in 24 months, 1 in 36 months < £1,000 satisfied | 0 in 24 months, 3 in 36 months < £5,000 satisfied | 0 in 12 months, -£1,000 in 24 months | < £1,000 in 24 months – if unsatisfied, must be on completion | >£1,000 in 24 months |
| CCJs | 0 in 24 months, 1 in 36 months < £1,000 satisfied | 0 in 24 months, 3 in 36 months < £5,000 satisfied | 0 in 12 months, < £1,000 in 24 months | < £1,000 in 24 months (if unsatisfied must be on) completion | >£1,000 in 24 months |
| Unsecured on loan balances over £500 | 0 in 24 months, 2 in 36 months | max 3 in 24 months | max 3 in 12 months | >3 in 12 months | |
| Secured Mortgage Payments | 0 in 36 months | 0 in 24 months, 1 max in 36 months | 0 in 24 months | 0 in 3 months, 6 in 24 months | |
| IVA/CVA | No | Yes (provided discharged over 3 years) | Yes (provided discharged over 2 years) | ||
| Bankruptcy | No | Yes (provided discharged over 3 years) | Yes (provided discharged over 2 years) | ||
Our advisors are qualified with a Certificate in Mortgage Advice and Practice
We are registered with the Information Commissioner (ICO)
Proud members of the National Association of Commercial Finance Brokers
Data protection compliant under General Data Protection Regulation
Authorised & regulated by the Financial Conduct Authority
Representative example
Based on an interest only regulated bridging loan of £363,729.72 for a maximum 12-month period on a fixed rate of 0.53% per month, payable at the end of the term. The total amount payable would be £395,087.47 made up of the loan amount plus interest of £24,131.83, and fees of £7,225.92. The overall cost for comparison is 8.62% APR representative.