Products

Bridge Solutions

Bridging Criteria and Key Features

• England and Wales
• Rates from 0.79%pm (0.38% over Bank Base Rate)
• Terms from 3 months to 24 months
• Max LTV - 75% Open Market Value (OMV)
• Below Market Value (BMV): Loans up to 85% loan to purchase price (90% by exception)
• Loans up 100% of purchase price (with the benefit of additional security)
• Mixed-Use up to 80% commercial to be considered semi-commercial
• First charge and second charge loans (subject to consent being granted by the first mortgage)
• Loan facilities from £150,000 to £10,000,000
• All types of residential property considered including new-builds, HMOs, small blocks of flats and BTL portfolios
• Foreign nationals and ex-pats considered with appropriate Know Your Customer (KYC) documentation and proof of residency supplied
• Available to private individuals, corporate entities, Special Purpose Vehicles (SPVs) and off-shore limited companies
• Credit-approved term sheets typically issued inside 4 hours

Please note: this is not an exhaustive list of requirements.

Commercial Bridging

Criteria and Key Features

• Semi commercial and commercial bridging from 0.90% pm (0.49% pm over bank base rate)
• Loans from £150,000 to £10,000,000
• Up to 70% LTV
• Terms from 3 – 24 months
• England and Wales

Refurbishment

Criteria and Key Features

• Up to 75% LTV day one and 100% of costs in arrears
• Rates from 0.95%pm (0.54% over bank base rate)
• Arrangement fee and exit fee apply

Development Exit Bridge

Criteria and Key Features

• Funding available from £150,000 to £10,000,000.
• Rates from 0.79%pm  (0.38% pm over bank base rate)
• Funding up to 75% LTV
• Funding available close to or on practical completion
• Prevents development finance extension fees and can facilitate cash releases for other projects
• Industry leading service at competitive pricing

Auction Funding

Criteria and Key Features

• Max LTV - 75% Open Market Value (OMV)
• Below Market Value (BMV) -  Loans up to 85% loan to purchase price (90% by exception)
• Loans up 100% of purchase price (with the benefit of additional security)
• A certified Offer of Finance subject only to final valuation and title clearance
• Access to a dedicated legal team experienced in managing urgent property purchase matters
• Title insurance specially negotiated to expedite the legal process and help overcome red tape and bureaucratic hurdles
• The services of a carefully-selected Valuation Panel to provide prompt turnaround times (within 48 hours) and a copy of the final report immediately upon issue
• Lending against bricks and mortar in England and Wales from £150,000 to £10m

HMO FUNDING (Houses in Multiple Occupation)

Criteria and Key Features

• Funding available up to £3,000,000
• Funding of purchase price up to 70% LTV
• Funding of refurbishment costs up to 100%
• Funding up to a total of 65% of LTGDV
• Fast, flexible delivery of funds and a simple drawdown process
• Industry leading service at competitive pricing

YOUR GUIDE TO HMO FUNDING