Mortgage TypeBridging Lenders
Property Value (min)£133,000
£5,000,000 to 75% LTV. Exceptions and portfolios considered.
Loans above £2,000,000 require transactional credit committee (TCC) approval
Term (Max)18 months
Minimum Age20 years
Maximum Age85 at the end of the mortgage term
Family Cash Gift DepositYes - from a direct relative
Family Gift of Equity DepositYes - Family members credit needs to be checked
Income (min)No Minimum Income
RestrictionsCheck Tiers, as there is Tier 1, Tier 2, Standard and Developer Exit
Consider DSS/DWP - but case will refer, subject to location and surrounding area.
Secured on a residential investment property where planned refurbishment works do not require planning permission or building regulations, and there’s no change to the overall use or nature of the property – e.g., internal refurbishment/reconfiguration, such as redecoration, replacement of bathrooms, kitchens, replacement doors, windows, flooring, and non-load bearing re-configuration
The refurbishment works shouldn’t exceed more than 30% of the day one value/purchase price, or £200,000; whichever is lower
Secured on residential investment property where planned refurbishment works require planning permission or building regulations e.g. structural works and extensions/loft conversions
Applicants without a two year proven track record of refurbishment properties aren’t acceptable
The refurbishment works should not exceed more than 40% of the day one value/purchase price, or £300,000; whichever is lower.
Minimum years remaining on leasehold propertyBuy to let/HMO (standard) – 50 years at end of loan term Commercial – 65 years at end of loan term
Minimum OwnershipNo minimum ownership period before remortgage considered. All cases considered on own merits
Permanent rights to reside and remainYes (unless Ex-Pat)
New BuildsAll new builds considered.
HMO and New Build Flats up to max 75%
Maximum 12 months’ interest roll-up for Heavy refurb. Maximum 10 months’ interest roll-up for Medium refurb. Maximum 6 months’ interest roll-up for
Light refurb. All loans are subject to a minimum 3 month term.
Developer Exit product, Pre-Planning and Refurb products available including Bridge to Term