Unregulated Bridging Finance - Residential Property.
- Auction purchases
- Light refurbishment
- Residential investment
- Buy to let portfolios.
Key product information
-
100% funding
With additional security we could lend 100% of the required funds. -
Speed
Finance that acts fast – we act quickly to meet your client's deadlines. -
First and Second Charge
Our experts are on hand to help. -
Location
We lend in England, Wales and Scotland.
-
0.91%
Rates from 0.91% -
75%
Borrow up to 75% of the property's value -
£26k - £5m
Loans from £26k - £5m
Useful guides and information
Documents for packagers using My Broker Venue
Looking for more? Explore our Resource Hub.
Related videos
Common questions about Unregulated Residential Bridging Finance
What is a Residential Bridging Loan?
A residential bridge is a short term loan used to fund a residential property which your client won’t be living in, such as a rented home that they’ve bought as an investment property.
How does a Residential Bridging Loan work?
The short term loan is typically taken out over a 12 month period, although this can vary depending on your client's needs. Money from the residential bridge loan can be used for buying and/or doing up their new property. Depending on your client's repayment type, they may not be required to make monthly payments during the term of the loan. We can look to deduct the monthly payments your client is due to make from the loan in advance.
If your client is due to repay their loan at the end, they’ll need to plan for how to pay off the lump sum at the end of the agreed period. This is known as an ‘exit strategy’ and can involve arranging longer term buy-to-let finance or selling the property for a profit.
How long does it take to get a Residential Bridging Loan?
From filling out the application to your client seeing the money land in their bank, the process typically takes 3-4 weeks. However this will depend on your client's circumstances and the type of valuation needed, meaning it could take longer than this.
