BRIDGING FINANCE
Bridging Loans– 1st & 2nd Charge
Bridging finance typically suits clients looking to raise money quickly that do not meet all the criteria of the mainstream lenders or they may not want to have a monthly cost. There can be multiple reasons for this such as the property is not currently habitable, they have no income source, the purpose is to purchase a property at auction, failed mainstream affordability tests or the property is in mid development.
Smart Money have the expertise to find a solution for your clients that will meet their needs by using a range of innovative and exclusive products from our panel of lenders that you may not have direct access to. This means we can normally find a solution for a wide range of scenarios whether the case is regulated or unregulated.
PRODUCT HIGHLIGHTS
| 1st Charge | 2nd Charge | |
| Loan Amounts | £26,001 – £5,000,000 | £26,001 – £2,500,000 |
| Maximum LTV | 75% | 75% |
| Rates From | 0.65% | 0.75% |
| Term | 6-24 months | 6-18 months |
1ST CHARGE - MAXIMUM LTV: 75%
Loan Amounts: £26,001 – £5,000,000
Rates from: 0.65%
Term: 6-24 months
2ND CHARGE - MAXIMUM LTV: 75%
Loan Amounts: £26,001 – £2,500,000
Rates from: 0.75%
Term: 6-18 months
KEY FEATURES AVAILABLE INCLUDE:
- Serviced or payments deducted
- Regulated & Unregulated
- Proof of income not required
- Multiple exit strategies
- Any legal purpose
- Desktop Valuations
- No exit fees (in most cases)
- Adverse credit accepted
- UK Coverage
- Equitable charges available
- Most property types accepted including high rise, ex local authority, listed, semicommercial plus many other