In Scotland, Bridging has become a more common tool – quite often used by investors to quickly snap up opportunities. So much so, lending in Scotland was the most performed bridging criteria search on the Knowledge Bank platform last month.
Recently expressed as a region offering strong yields and capital gain, Northern England has also seen increased activity bridging loans – often used by landlords and investors to convert existing properties into Buy-to-Lets.
So, are you helping your clients in these regions?
Here’s how bridging loans can help:
- Need to complete quickly
- Have cash flows in the middle of the project
- Purchase or re-mortgage as a First or Second Charge loan
- Can be secured on any property, including at auction, unmortgageable properties, flats, commercial units, and land with planning
- Lease extensions
Key criteria include
- Rates from 0.44%
- Up to 80% LTV (100% LTV available with additional security)
- Loan terms from 1 month up to 36 months*
- No upper age limit
- All credit profiles considered
*Regulated bridging loans are for a maximum of 12 months
For more information give us a call on 020 8731 5333.
