Frequently Asked Questions

What is a Bridging Loan?
It is a short term loan secured on land or property.

How much can I borrow?
£26,000 - £500,000

What type of security do you require?
We require security on a residential or commercial property

What are your rates?
From 1.5% per month

How long can I have the Bridging Loan for?
For a minimum of 1 Month to a maximum of 12 Months

Can I add the interest payments to the loan?
Yes providing the added interest is not higher than the max LTV

Can I borrow more money later?
Yes providing there is enough equity to drawdown

Do you need proof of my income?
No

Can I pay my Bridging loan off early?
Yes subject to a minimum period of 1 month.

Do I need a solicitor?
Yes, it is advised that you get some independent legal advice

Do I need a broker or intermediary?
No, but we do advise that you get professional advice.

How long from initial acceptance will it take to get the funds?
We work within your timescale, we aim to complete within 3-5 days but can complete in 48 hours

Do you offer loans to people with CCJ’s, defaults and arrears?
Yes

What can I use a bridging loan for?
You can use a bridging loan for any legal purpose.

Do you lend to self employed applicants with no account history?
Yes as we are offering a loan on a non status basis.

Is my home at risk?
Your home may be repossessed if you do not keep up repayments on your mortgage.