Bridging Finance is one of the most useful property finance products, offering short term funding when speed is critical. Home Capital Wealth clients can rely on our significant expertise in this area for their real estate requirements. This type of finance is always secured on UK property and supports numerous scenarios including:
- Using value of existing property to purchase a new one before the existing property is sold, useful where the chain may have broken down to due to sale falling through.
- Purchasing a property at auction
- Purchasing a property that is not mortgageable
- Securing land or property before planning is granted
- Development / Refurbishment
- Short term capital requirements
- Paying unexpected tax bill
Key Features of Bridging Finance:
- Loans from £50,000 to £30,000,000
- Interest Only
- Interest Rolled up or Retained
- Loans secured on multiple securities
- Rates from 0.45% per month
- No early repayment charges
- Proof of income not required in many cases
- Term from 1 to 24 months
- Regulated and Un-Regulated loans