The security must be in England or Wales and be wind and watertight. We will accept houses, flats, flats above commercial property, freehold flats, HMOs (including student accommodation), small hotels and B&Bs, prime leisure, retail units and offices as security.

We accept bridging loan applications from:

– those aged from 21-85 years

– LTD company/ LLPs/ Non EEA/ expats

– those with adverse credit, CCJs, or arrears

– first-time landlords

Our loan terms on a non-regulated bridging loan range from a minimum of one month to a maximum of 24 months. In addition to this, there are no fees or charges for early repayment.

We can send you terms to review within one business hour. After that, a bridging loan application is typically completed within two to three weeks, but we can often deliver funds earlier, depending on your client’s circumstances.

There are no exit fees or early repayment fees should your client wish to exit the bridging loan early. However, we do charge fees for the following:

– Valuation fee: this covers the surveyor’s costs for carrying out your client’s property valuation

– Facility fee: the cost of setting up the loan (2% of the loan)

– Administration fee: the cost of our administration of the loan

– Legal fee: usually charged at a set rate and pays our legal fees for completing the loan

All directors of the company will need to provide personal guarantees during the legal process.

This depends on the nature of the proposed works. We will determine the most appropriate form of valuation at enquiry stage and inform you before seeking a quotation for the valuation report.

No. Our lending decisions will be based on the open market value of the property as provided in the valuation report. We will, however, ask for an indication of GDV as a general sense check.

Please ensure this is on the contractor’s letter headed paper (if applicable) and contains an itemised breakdown of costs (inc. VAT and contingency) and timings.