Bridge Loan For Investment Property
Bridge Loan for Investment Property: Uses
- Raising money for business purposes
- Buying a buy to let residential property or portfolio of properties at Auction
- Leasehold Extensions
- Shifting ownership from individual to corporate (or vice versa) or individual to individual on death, divorce etc.
- Portfolio refinancing, where borrower buys time post term loan maturity to find right long term finance
- Purchase to develop, exit will be development finance
- Finance for time during which enhanced planing permission is being requested
Bridge Loan for Investment Property: Type of Properties Suitable
- Residential properties
- Properties in England and Wales
- Multiple security acceptable
Bridge Loan for Investment Property: Loan Conditions
- No Exit Fees
- Retained Interest
- 1st Charge only
- Adverse credit considered on a case by case basis
- Minimum size £250,000, maximium size £30 million
- Maximum LTV 75% 1st Charge
- Interest rates from 0.59% per month 1st charge
- No heavy refurbishment i.e. no structural changes, extensions without approval