Compare Criteria

Together

Mortgage Type

Bridging Lenders

Property Value (min)

£26,000

Advance (min)

£25,000 (depends on property value)

Advance (max)

£5,000,000 ( more by referral)

Term (Max)

12 months

Minimum Age

18

Maximum Age

80, no maximum age restriction on regulated bridging

Family Cash Gift Deposit

Yes

Family Gift of Equity Deposit

Yes

Income (min)

Proof of income required where the exit is dependent on refinance. No minimum income restriction

Restrictions

Both FCA regulated and non regulated bridging finance available without restriction on mainland UK based property

DWP Tenants

Yes

Ex-Local Authority Properties

Accepted up to 55% (65% by referral)

Minimum years remaining on leasehold property

Minimum 50 years plus the term of the loan

Minimum Ownership

No minimum ownership period

Permanent rights to reside and remain

We are happy to proceed with applicants who have passports from the following countries: Any EU country, Switzerland, Channel Islands, Switzerland, USA, Australia, Canada and New Zealand. These applications must be witnessed and advised by a solicitor. Any applicants who do not have a UK Passport or a Passport from the list above are subject to underwriter referral.

Ex-Patriates

We are happy to proceed with applications where a UK Passport holder is resident in the following countries: Any EU country, Switzerland, Channel Islands, Switzerland, USA, Australia, Canada and New Zealand. These applications must be witnessed by a Notary Public . Any applications for a UK Passport holder residing in a country outside the list above are subject to underwriter referral.

Credit Score

No

Historic CCJ’s & Defaults

Accepted up to 8 demerits in last 12 months and no demerit restriction where sale of property is exit

Valuation Fees

Valuations to be conducted using commercial valuation panel. Must be dated in last 2 months. Drive by valuation bypass available on residential securities on loan cases up to £75,000

Maximum number of applicants

No maximum

Countries

Will lend in England, Wales and Scotland

Access

Packaged only

Missed mortgage payments

Arrears accepted. Satisfactory explanation required for all arrears.

Property Type / Commercial

Limited companies and Trading companies accepted

Location

Will lend in England, Wales and Scotland

Type of Credit Search conducted at AIP stage

Hard foot print

Condition

All Residential property considered on OMV. All commercial property and land consider on 90 day FSV. All residential and commercial property and land accepted