4 steps to an unregulated or regulated bridging loan.
Get in touch with us several ways.
If you have already fathomed which style of regulated or unregulated bridging finance you require, you can give us a call on either of the numbers below, Skype us, use FaceBook messenger or email.
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
Non status and adverse credit accepted.
As a principal gaggle of lenders, we can offer unregulated bridging loans to residential and business borrowers and because it falls out of FCA juristiction, we can offer high value, short term finance to those with a poor credit score or those who are classed as non status. A property with ample is required as security. Give us a call today for more information.
Some of the lenders in our group are registered on the Financial Conduct Authourity register. This means that they are able to offer regulated bridging loans. There are other forms of regulated funding available to like asset finance, guarantor loans, medium term 2nd charge financing and revolving credit facilities. Call us for more information.
Policed by the FCA.
The association above is the Government set up, oheever, now independent authourity that polices and governs all terms and conditions on regulated borrowing. Initially set up after the credit crunch to stop silly loans, the now protect both the banks and consumers. For any style of borrowing you can give us a call for more information.
Which do we offer.
AdMainBridging isn't just one principal lender. There is a group in place using their own funds to offer high value shorter term loans. Within this group there are both unregulated and regulated lenders. This means we can offer both styles of borrowing short to medium term. For an informal chat, feel free to give us call today.
The difference between regulated & unregulated bridging loans.
We will start with unregulated bridging loans as this is our core business. The main thing about this type of borrowing is that the person borrowing the money, or any family members are not allowed, under any circumstances, to live in the house or property used as security. This is to protect them, should you default of the repayments, from having their actual living home repossessed and effectively made homeless. Other living accommodation is needed to go ahead with funding.
The second part is that people with an adverse credit history or those that are non status, unable to prove a regular income or retired can borrow. There are no restrictions in place as the advance is based on equity in the house or property used as security. Unfortunately, due to risk involved for the lender, a higher rate of interest will be charged.
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 to find out more about an unregulated bridging loan.
Regulated bridging loans are slightly different. Only those with a good credit score can borrow through regulation. You also need to be able to prove your income and if you have enough money coming in to afford the repayment plan.
You and family members are allowed to reside in the house, home or property used as security as you have adequately proved you are able to repay.
If you meet the above criteria you will get a better rate of interest on either open or closed bridging finance.
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
The RBS is regulated
The Royal Bank of Scotland, one of the largest banking chains in the United Kingdom, is a financial institute. They are not only a bank but also a lender of money. They offer small unsecured loans, secured loans, mortgages and remortgages. As they are such a big concern, they have to be regulated. They also do not offer any form of bridging finance, unregulated or regulated. They do offer a business loan facility however, there are limits on how much you are able to borrow.
Yorkshire Bank is regulated
The Yorkshire bank, because they deal with their clients saving and investment have to be regulated by the Financial Conduct Authority. This is not only to protect their customers but to also protect themselves from going out of business. In essence, they have to comply to strict guidelines when it comes to lending money to the general public. If they lend to much and it is not able to recoup the funds, they run the risk of going out of business and losing all their clients savings.
Barclays is regulated
The Barclays bank is not only a nationwide banking chain in the UK, they also operate internationally offering banking services through the far east and America. As they are so large and deal in vast somes of money, in this country they have to be regulatd by the FCA. This is to make sure, like the Newcastle bank did, thry do not go out of business and lose all their savers monies. They also do not offer bridging loans, either regulated or unregulated in any form.