Bridging Finance
*The minimum net loan is £100k in order to qualify. The 60/40 split only where gross fee is 2% or more.
Unlock Fast, Flexible Finance for Your Next Opportunity
Time-sensitive deals require quick solutions. Whether you’re securing a property, covering a cash flow gap, or funding a project, bridging finance offers a fast and flexible way to move forward. We work with a number of specialist lenders who have assisted many of our clients in securing properties using bridging finance.
Reasons to consider bridging finance:
- Projects for refurbs
- Bridging is generally actioned quicker by the lender
- Auction purchase
- Chain breaks
- Structural changes – commercial to residential
- Back garden builds
Case Study - PRECISE
Client D was stuck in a chain break - if you're buying a property before selling an existing one, it may be possible to reduce the cost of finance by using more than one security property.
By securing your bridging loan over both properties in the transaction, your overall loan cost may be lower. If you have an outstanding mortgage on a property you're using as security, it will be factored into the overall loan-to-value calculation.
But Client D was able to go ahead with the new purchase before actually completing on the sale of the existing one.</p
LENDINVEST
CASE STUDY 1
- Auction purchase using dual rep at 75%
- Completed in 20 days with a physical valuation
- Once the light refurb has taken place looking to place it onto
- BTL keeping costs down and providing ease to the process
LENDINVEST
CASE STUDY 2
- Bridge-to-let to an experienced landlord
- Light refurbishment works to get the property to a lettable position
- Dual rep at 75%
- Saving the customer time and money when transitioning to our BTL
LENDINVEST
CASE STUDY 3
- Development Exit of 2 units in Oxford
- Repeat borrower of LendInvest
- Borrower required funds for an onward purchase on to secure his next project
- Completed in 14 working days
LENDINVEST
CASE STUDY 4
- Refurbishment 85% LTV completed in 11 working days
- Grade ll listed purchase £675k, works £100k and GDV £850k
- Refinance on BTL
What our clients say
Our Reviews
Case Study - PRECISE
Client A went to a mainstream BTL lender and the valuation came back with a £0 value. Rather than going back to resource to find another potential lender, we looked at Precise bridging. They only needed to spend £10k on the property to get it mortgageable. With no exit fees and no ERCs with Precise this property was purchased and the works were carried out in less than 4 weeks and then a term BTL mortgage was entered into – making this an extremely useful Refurbishment BTL product. Accessing Precise bridging via 3mc also allows you to access a Premier Panel which gives the added benefit of:
- 06% off the rate
- Same proc fee still being awarded
- For a refurb product the premier panel can do their own AVMs
- Doesn’t need to be for the full 12 months
- Solicitors instructed on application, not offer
Case Study - PRECISE
Accessing Precise Bridging enabled Client B to buy a property that came back with an EPC of F/G, which was previously declined by another mainstream BTL lender. The client actually split the cost of the remedial works with the vendor thus improving the energy performance of the property. And with no Exit fees, or ERCs they were able to get a term BTL mortgage on the property after just a few weeks.
Accessing Precise bridging via 3mc also allows you to access a Premier Panel which gives the added benefit of:
- 06% off the rate
- Same proc fee still being awarded
- For a refurb product the premier panel can do their own AVMs
- Doesn’t need to be for the full 12 months
- Solicitors instructed on application, not offer
