Our minimum loan is £25,000, our maximum loan is £1,000,000.
Our minimum term is 3 months our maximum term is 12 months.
Yes Bridging Link is the lender.
There are two types of costs you need to consider. Interest and Fees.
Our Interest rates range between 0.8% pcm and 1.5% pcm, depending on loan size and risk profile. Most often all interest costs are "rolled up" and paid in one lump sum at the end of the Loan.
There are 3 types of fees for three essential services that we need to complete your loan. Arrangement fees, legal fees and valuation fees. The costs vary on depending on loan size and complexity of case. All costs will be quoted up front.
All fees can be paid up front or added to the loan.
We accept security on marketable Land and Buildings.
We lend “non-regulated” bridging loans only. This means ALL loans need to be predominately for business purposes. We can lend a second charge on a main residential property for business purposes. We can lend against an investment property (first or second charge), in so far as it does not qualify as a “consumer buy to let” property under FCA guidance. We can lend to corporate entities for any purpose, secured against property under a fixed charge or a third party charge, and with additional personal guarantees and a debenture over the company’s assets.
We do not lend where a First Charge is taken on the Main Residential Property in order to buy another Main Residential Property.
An exit route is very important, as it is your statement on how you intend to pay the loan back within the period we have agreed. A credible exit plan is a pre-requisite for any funding approval and must be carefully considered.
We lend in England, Wales & Scotland.
Yes, we do. We make quick commercial decisions and will consider all circumstances based on security.
Yes if it is a UK company, but we will require personal guarantees from all directors.
Yes, but only with appropriate guarantees in place.
Yes you can, subject to a minimum 3 month interest period.
Yes, if you do not repay the loan, ultimately if no other reasonable option can be taken to repay the loan your security is at risk.
We are open from 8am-7pm Monday to Friday.