Do you need to move quickly to secure a property? Perhaps at auction or perhaps before the property is snapped up on the open market by someone else? Do you not have time to go through the normal mortgage process, but need large sums of money to complete a property deal quickly? Or is your intended property not acceptable for a mortgage because of its present condition? Then perhaps short term property development or bridging loans may be the answer:

• Loans can be completed in days with a formal decision in principle given on the day of application.
• Each application judged on its own merit - not dependent on individual earnings or credit history.
• Property valuations are often based on the higher "open market value” and not just bricks and mortar”.
• Will generally fund around 70% LTV, but 100% funding can be achieved with additional security.

Loans can be secured on a variety of assets: 

• Residential Housing Office buildings
• Commercial units
• Farms
• Leisure and health clubs
• Bars, restaurants and hotels
• Building developments
• Land
• Leasehold properties

Interest can be rolled-up for payment at the end of the loan to help cash-flow 

Bridging loans are an ideal way to purchase property in a poor state of repair. The property can then be refurbished and either sold or refinanced with a more traditional long-term mortgage.

Similarly a business can also be purchased using a bridging loan to give the new owner time to develop the business and providing some trading history before refinancing to a longer-term product.

For the professional property developer we can arrange 100% funding. This means for example - if a developer found a plot of land for £50,000, could build a property on it for £100,000 and could then sell the development for at least £250,000 we coulds arrange funding for the full cost of purchasing and developing the land - ie, achieve 100% funding.