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Residential Bridging Loans

Residential property development bridging loans from Hunter Finance

Hunter Finance: leading private lenders

Bridging loans are a form of short-term property development finance.

Bridging loans are a quick way to finance the purchase of a property or land or to complete a residential housing project.

We fund developments in London, Surrey, Kent, Sussex and the surrounding counties. See previous developments.

Contact Hunter Finance and apply for a residential bridging loan

How does residential bridging finance work?

Residential bridging finance loans are a particular type of short-term bridging loans that are used to ‘bridge’ a financial gap concerning a new build project or development.

An alternative to standard bank-backed mortgages, residential bridging loans can be beneficial for homeowners and developers who need to act fast in order to secure or renovate a property within a small time-frame.

Often, applications are accepted on interest-only terms valid up to 12 months.

The monthly interest acquired can either be deducted or rolled up in the loan.

Residential bridging finance explained

Bridging loans are commonly used for business or property investment opportunities.

They can also be used to:

  • Extend the lease on your property before the sale
  • Refurbishment or extension funding
  • Buying a property at auction
  • Purchasing a home before your home has been sold
  • Paying off your debts

Is there risk involved with residential bridging finance?

Whenever it comes to securing borrowing against your home, there is always risk involved.

Instances, where failure to repay a bridging loan occurs when it is due, your home may be put at risk.

This is because failure to repay can result in repossession, which means you need to consider expert advice when it comes to taking out residential bridging finance.

Fast funding: What’s the alternative?

conveyancing-figures-increase-brexitHunter Finance has been providing funding solutions for over a decade.

We help experienced property developers acquire funding for commercial projects, as well as helping first-time developers get on the property ladder.

Rather than bridging loans, we specialise in providing development finance loans that can make investing in property a reality.

Bridging Loan Criteria: How much can you borrow?

Depending on the lender you choose, bridging loans can vary.

Considerations like the amount you wish to borrow, interest rates and exit fees may all come into play.

That’s why it’s crucial to understand what you are signing up for and if the funding you need is essential.

Bridging loans are not the only finance development loans available, other solutions exist like short term lending loans, for example.

What will be expected from a bridging loan is a clear and realistic exit strategy.

Who can apply for residential bridging loans?

Hunter Finance accepts loan applications from the following:

Apply for a development finance loan for fast access to money

Hunter Finance makes a decision on all development finance on an individual case by case basis.

Contact our residential finance specialists today.

Call our Sussex office on 01825 749721 or apply online for a bridging loan quote.

Contact Hunter Finance and apply for a residential bridging loan

Apply for property finance

If we can help we will say so, if we can’t we will be able to point you in the right direction or suggest alternative financial vehicles.