Our Loans

Residential Investment Bridging (Unregulated) & Commercial Bridging Loans

 

Size of Loan: 30k – 500k
Term: 1-6 months
Interest Rate: 1.5% – 2.0% per month (1st months payment deducted from advance at drawdown)
Redemption Penalties: Up to 2.0%
Loan to Value: Up to 70% of the Open Market Value
Security Required: 1st Charges on Freehold or Long Leasehold (Min 60 years unexpired)
Application Fee:  Up to 2.0% (minimum £500 fee)
Legal Fees: £999 inc VAT & Disbursements for purchases up to £200,000 (Deducted from the advance at drawdown)
Insurance: General building and commercial risk policy in line with valuation

 

Residential Valuation Fees scale (payable on full application)

 

Maximum Property Value Fee
£125,000 £145
£250,000 £175
£500,000 £275
£750,000 £400
£1,000,000 £500
£1,500,000 £650
£2,000,000 £850

Commercial valuation fees scale available upon request