4 easy steps to get a secured bridging loan from us.
Get in touch with us several ways.
Skype, email, WhatsApp, request a call back from us by online contact form, use the application form or give us a call on our 0845 number or our 0203 number. Take your pick to get the ball rolling.
We will value your home to determine loan.
When we arrive we will conduct a private, external survey of the building. After completion we need access to the inside so that we can proceed with the internal survey and general viewing.
Get an offer of finance almost immediately.
From the valuation and the information you give us about any outstanding mortgage or other loans secured on the property, we can ascertain just how much, or if we are able to lend to you.
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.
Or call: 0845 475 1814
Different types of bridging loan companies.
We are a group of independent bridging loan lenders. We also offer other forms of finance too, but hat makes us independent? Quite simply, we are independent because we stand alone from other corporations and national companies and use our own money to set up the loans we lend on. We don't go to banks or building societies, we use our own funds. This means we can work faster than other mainstream lenders. It also means we are not constained by the new, tough bning regulations put into place by the UK Government in 2013. So being a totally independent group of lenders, we can work quicker and more effectively to give you the best deal on your short term finance.
Private UK banks.
There are many private banks in the United Kingdom. Whilst they are registered as a bank, they are unlike traditional financial institutes. they do offer funding packages like secured secured loans and mortgage, but they don't offer traditional current or saver accounts. They are set up to lend money only, and most of them specialise in short term finance, bridging loans and commercial lending only. There are privately fundined entities like FBSE finance, AdamBank, Coutts, ChurchHouse, Close Wealth Group and Compass group to name but a few. The only offer regulated bridging loans to homeowners and are tied with banking codes. We are independent and are not so give us a call first.
Brokers and intermediaries.
The purpose of a broker, when it comes to short term finance, is to find you the best deal. They will speak to many lenders on your behalf to source the bet terms and conditions and interest rates on your bridging loan. In theory, this sounds great, however, they do charge a fee. This is typically two percent of the loan value. So if you borrow one hundred thousand pounds, their fee will be two thousand pound. Ironically, if you went to lender direct, like us for instance, you wouldn't pay a broker fee. You are dealing direct with the lenders, saving you any charges. An intermediary will simply pass your details on to a lender and will receive a payment for that. Phone today for info.
High Street loans.
Getting a loan from a High Street lender is relatively easy. They offer car loans, personal loans, mortgages, debt consolidation packages, loans for weddings, loans for holidays and remortgages to name just a few. However, the High Street lender like the banks, building societies or the companies you see advertising on television do not, or cannot offer you short term secured bridging loans. The Government put safeguards in place after the financial crisis in 2012 which made it really difficult for registered lenders and banks to continue to offer high value, short term, secured bridging loans. We are an independent lender not bound by the strict regulations put in place. Give us a ring today.
Why choose us as your bridging loan company?
First and foremost, we are not a broker or intermediary. When you call us, or use the online enquiry form, you are going straight through to the lender. So how does this benefit you? Initially, it saves you up to two percent n brokers or intermediaries fees. So if you are looking at borrowing £50,000.00 and the broker charged you just one percent of the loan value, that would still cost you £500.00 before any valuation costs or any administration fees from the lender. As a forward thinking bridging loan company, we want to deal direct with the borrowers and cut out the middlemen.
To be wholly truthful, many people that use for their high value bridging finance needs, have at some point in the past, due to the credit crunch, got a blackmark or an adverse credit history. We work on equity, not on credit score, so bad credit isn't a problem. We also realise that freeing up funds for the administration costs can also be a problem, so you have the option of either paying in up front, or having it rolled into the loan value. We are simply trying to make borrowing more acessible to more property owners.
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.
If you do have a poor credit history, staying on track wth us will help improve your credit score too. However, please be advised, that, like every other lender in the country, your home or property is at risk should you default or fail to clear the full amount in the alloted time frame.
That said, if you find yoursefl in position whereby you can pay us back in a shorter than agreed time, there are no early repayment penalties. That works for both private individuals and companies alike.
So, even if you have been refused elsewhere, give us a call. We must might end up being your best option for a bridging loan company throughout England, Scotland and Wales.
Call our friendly and polite helpdesk 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
IVA or bankruptcy
We work with many IVA's and their supervisors each and every month. We've become quite adept and offering finance that can actually reverse an Individual Voluntary Agreement. We can even speak the whole process through with your supervisor so that he or she can see that with a bridging loan from us, you can actually unlock the equity in your property to clear your debts and be free from bankruptcy, insolvency or IVA. Give us a ring if you would like to hear how we can help in this scenario.
As a forward thinking bridging loan company, we now offer our short term finance package for use at property auctions. However, we have had to tweak it slightly. If you use a property you already own as collateral, then the market value is the actual price we base lending on. However, if you purchase a property BMV (Below Market Value) through the auctioneers, irrespective of the current market value, the price you paid for the house, land or building is the what we value it at. However, if you have already bought, months ago and are in a renovation phase, we adapt to market price.
County court judgements
Many people don't even realise thy have a CCJ against their name. More often than not, people are the victim of identity theft. Even if this is for something relatively minor, like on a mobile phone contract, without a conviction on the person that committed the crime, it is difficult to shake off the County Court Judgement. This is noot a problem when borrowing from us. We base all our lending on equity in the property being used as security, not credit score, so CCJ's are not a problem . We are the geniune bridging loan company.