How to apply for a 3rd charge bridging loan direct to us.
Get in touch with us several ways.
You can call us on two numbers listed lower in this page. You can also send us an email direct to the addressed at the bottom of this web page or click our links for our Facebook page to Direct Message us using Messenger. We can also be contacted through Skype.
We will value your home to determine loan.
Our bridging loan offers are based on equity in any property or properties used as security so we need to conduct an totally independent valuation of said properties. If there is ample equity available we can offer you the amount you have requested to borrow.
Get an offer of finance almost immediately.
If you are happy with the terms and conditions are our funding options and you believe you are able to afford the monthly rate of interest payment, we can electronically send you all the relevant paperwork for you solicitor to verify and to witness your signature signing.
Accept & we transfer funds instantly.
As long as all paperwork is present and correct, we can transfer funds to your personal, business or any nominated bank account instantly. We can also work to a specific date if required. So if you want your interest payment paid on a specific day, this is set up.
Or call: 0845 475 1814
Low rating score and bad credit accepted.
Secured on property.
As with all forms of high value financing in the UK today, some form of security has to be offered up for the extremely unlikely event of failing to clear any advance that is borrowed. This can be in the form of residential or commercial buildings or property. Typically LTV (Loan To Value) needs to be a minimum of 45 percent equity. Give us a call for more information on borrowing through our group of lenders and financeers.
Secured against land.
Not only can we secured funding options on buidlings, we can also offer finance packages secured against land. Whether it is farmland or land with planning permission or any form of wasteland or industrial land, we can secure your funding against this. Not many lenders are that flexible as they view bare land as harder to recoupe their monies if you default and a repossession order is served. Get in touch with us today to see if we can help.
Secured on assets.
If we are unable to offer a form of 3rd charge loan, then we can also offer financing secured against assets. These can be real world assets like plant machinery, high value cars, boats, tractors and even trucks, lorries and trailers. It will work the same as short term bridging loans, just simply secured against the above mentioned. We can also offer borrowing secured against other finances like pensions and shares. Call today for more info.
Much more trickier to implement is an unsecured business loan. A loan can be taken out in the name of a company directory, who would then be liable for interest repayments should your company fail to make it's payments on any advance. It's basically like the type of funding Amigo Loans offers to the younger generation who use their parents as guarantor. The Director would need A1 credit rating. Call today.
Third charge bridging finance criteria in the UK.
Unlike a second charge bridging loan, 3rd charge bridging finance is exceptionally difficult to set up. Part of the process consists of speaking directly to the first and 2nd charge lenders and getting permission from them to enter a third charge behind your other debts.
You also need a great deal of equity in the property or propereties being used as security. Enuogh to pay off all your charges should you default on any of the repayment plans. However, if borrowing from us to pay off your other charges simplifies the process and makes speaking to your other creditors much more simple.
Call on our local rate 0845 475 1814 from a land line or call 0203 287 7169 from your mobile or request a call back by using the quick contact form on the right hand side, or just below depending on whether you are browsing on a PC or mobile device. Alternatively, click the button for our full on enquiry form.
The other downside to having third charge borrowing, is that it takes longer to set up due to the long winded, complex nature of the financing. That said, it is exponentially quicker than remortgaging. Typically it will take four to six weeks to implement, compared to three months with a remortgage.
Our expert team has over three whole decades of experience in the short term funding market and are on had during normal business hours to field your call and answer any questions you may have regarding bridging finance. You can apply 24 hours a day with our online bridging loan quotes form. Typically will we respond within a couple of hours when you choose this method of contact.
They can also accept your application on the phone too without you being obliged to accept any secured loan offered to you.
Call us on 0845 475 1814 or you can click below to apply online, or you are able to call us up from your mobile phone on the landline number 0203 287 7169 or request a call back by using the quick contact form on the right or directly below this block, still without being under any obligation to accept any offer presented to you. Alternatively, apply online by clicking the button.
Quick contact form
Unregulated bridging options
Acting as unregulated lenders is nowhere near as bad as it sounds. It's a good thing for those that have been refused regulating financing elsewhere. The main difference is the rules of this type of funding is that the borrower or their immediate family cannot live in the house used as security to eliminate the prospect of being evicted in the unlikely event of failing to clear the advance in the alloted time scale.
2nd charge bridging loans
Not only do we offer third charge packages when negotiable, we offer second charge funding and excellent first charge bridging loans options to both homeowners and business or commercial entities anywhere in the United Kingdom. As we would be the 1st or sole creditor on the property or land used as security, we are able to offer a low rate of interest on any amount requested as a line of high value secured credit.
Business bridging finance
We are specialists in the business borroing sector. it's our niche. So as one of the leading independent commercial bridging finance lenders in the UK, we can offer fantastic funding packages with very attractive and cost effective rates of interest. There are no upfront set up fees and should you require to clear the full amount borrowed, there no early exit fees. Simply give us 30 days notice to clear the advance.