Mortgage Type
Bridging Lenders
Property Value (min)
No minimum property value, up to 75% LTV on residential and 70% LTV on semi-commercial and commercial
Advance (min)
£150,000
Advance (max)
£2,000,000 gross (1st charge only)
Term (Max)
24 months
Minimum Age
21 years
Maximum Age
85 yrs at the end of the term
Family Cash Gift Deposit
Yes
Family Gift of Equity Deposit
Yes
Income (min)
No minimum income, if the exit is re-finance just need to have a viable exit
Restrictions
Refurbishment restrictions – need to have experience or specific contractors carrying out the works.
Do not lend to charities or PLC's
Let to Buy (Turning Residential into Buy to Let)
No – don’t consider CBTL
Ex-Local Authority Properties
Yes
Minimum years remaining on leasehold property
Minimum remaining lease term is 40 years at loan completion
Minimum Ownership
None
Permanent rights to reside and remain
Yes, required.
Ex-Patriates
No
New Builds
Yes
Credit Score
No
Historic CCJ’s & Defaults
Case by case basis
Valuation Fees
Valuation fees paid direct to lender or valuer depending on valuers selected
Maximum number of applicants
4
Countries
England, Wales and Scotland. SPV & LTD Co need to be UK based
Access
Via 3mc, on a packaged basis only.
Condition
All conditions considered subject to the property being wind and watertight.
