A bridging loan is a short term solution for those who need quick access to capital to start their property development. The terms usually consist of 1 to 12 months but can be negotiated when discussing your personal loan requirements.
Bridging loans are a great option for those in need of finance fast. They allow developers fast access to money borrowed over a short period of time, usually at a slightly higher rate of interest than typical loans.
They “bridge the gap” between other funding sources.
They can be used as temporary funding before securing longer-term finance as well as a way to top up the budget of an ongoing building project to get it completed.
The most appealing aspect of bridging finance is that it is much faster to arrange than other property loans.
At Hunter Finance we understand that in the property industry, opportunities need to be taken quickly and this can mean that funds need to be arranged and received in a matter of weeks rather than months.
We can give you a decision in principle with 48 hours. Once the paperwork has been settled, the money will be transferred immediately. Our fastest turnaround from initial application to receiving the loan has been 10 working days. See our lending process.
Do you need a bridging loan in a hurry? Call our finance team today on 01825 749721 to get your application started.
Hunter Finance is a private lender and as such we are both able to take bigger risks and are in control of our bridging loan interest rates.
We aim to give our clients the best rates available on the market. Our rates are calculated using a number of factors including how long the loan term is and the amount of loan.
Our interest rates can be between 8 – 18%. All rates are calculated on a case by case basis. Submit your application for a free, no-obligation quote.
Residential and commercial properties considered, talk to one of our bridging loan advisors today. We offer no upfront fees and the best rates available. Get a decision in principle in less than 48 hours. Get in touch.
We are based in Uckfield, East Sussex. We fund building projects in the South East area meaning we are always close by for support.
Our team will monitor and report on your development as it progresses. It is a vital aspect of development funding and our surveyor will visit the development at least monthly to review progress and consider the budget.
Our liaison team also visit each site regularly to check progress, updating and re-analysing sales projections and timetables.
Talk directly to the decision makers at Hunter Finance. No middlemen, no brokers, no time-wasting.
We use our expert knowledge of builder finance to assess the viability of your scheme as well as advising you on how to maximise the use of your capital. Refer to the UK housing market to find the best deals: click here for property news.
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.