Bridging Loan Criteria

Prior to your bridging loan application, please make sure that your valuation report has been done by one of the following companies:

If your valuer is not on this list, then please call us on 0844 357 6095 and we will advise on a case by case basis if your valuer is acceptable.

 

Maximum Loan to Value is 75% of the Open Market Value (OMV) - less fees, costs and interest.

The most important point to remember when applying for bridging finance is that the proposal makes sense.

The criteria listed here are a general example of a normal set of conditions, but if your enquiry does not meet all of these but makes good business sense then please still enquire as it is more than likely we will still be able to help.

In all bridging loans an exit strategy is paramount. If the loan is at a high loan to value, then proof of the exit will be required.

Examples of exits are:

1. A concluded missive to sell on
2. A mortgage offer
3. A decision in principle letter from a bank
4. Development finance offer letter for post acquisition
5. Any proof of ability to repay loan after term

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Other Criteria & Fees

Loan Term:	1 Month – 12 Months
Rate:	From 0.99% per month
Entry Fee:	From 1%
Exit Fee:	From Nil to 1 Months Interest depending on bank
Legal Fees:	On a case by case basis
Adverse Credit:	Usually accepted but explanation required if heavy
Bankruptcy:	Accepted as long as discharged