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.
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.
Bridging loans are commonly used for business or property investment opportunities. They can also be used to:
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.
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.
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.
Hunter Finance accepts loan applications from the following:
Hunter Finance makes a decision on all development finance on an individual case by case basis.
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.