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Bridging loans

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We will get the best deal possible for you from our large panel of UK lenders. We can design a loan that is particularly suited to your individual needs using our exclusive lending facilities, and as such we are confident that we can probably match or beat any arrangements that you may already have in place, or a quote that you have been offered.


How bridging loans work?
A bridging loan is best thought of as a short-term mortgage. Like a mortgage, it is a loan that is "secured" against property. If you default on the loan, the lender can use the property to get their money back. Your bridging loan would usually be secured either on your existing property, the new one, or both of them.
The bridging loan would depend on a successful valuation of the relevant property. (The lender will get a professional valuer to confirm what the property is worth). Lenders will normally advance a bridging loan of up to 75% of the property value, less any existing mortgages. Roughly speaking this means if the property is worth £500,000 and the mortgage balance is £100,000 they will advance you up to £300,000.

£500,000-£100,00= £400,00

£400,00 x 0.75 = £300,00

However LTV depends on the particular lender so you could get a better loan-to-value ratio. A standard bridging loan would range from £15,000 to £2,000,000. Again, depending on the lender, a bigger loan may be possible. If so, it may take longer to arrange.
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start We will get for you the best deal possible from our large panel of lenders. We can design a bridging loan that is particularly suited to your individual needs using our exclusive lending facilities, and as such we are confident that we can probably match or beat any arrangements that you may already have in place, or a quote that you have been offered.

 

How bridging loans works?

searchA bridging loan is best thought of as a short-term mortgage. Like a mortgage, it is a loan that is "secured" against property. If you default on the loan, the lender can use the property to get their money back. Your bridging loan would usually be secured either on your existing property, the new one, or both of them.
The bridging loan would depend on a successful valuation of the relevant property. (The lender will get a professional valuer to confirm what the property is worth). Lenders will normally advance a bridging loan of up to 75% of the property value, less any existing mortgages. Roughly speaking this means if the property is worth £500,000 and the mortgage balance is £100,000 they will advance you up to £300,000.

£500,000-£100,00= £400,00

£400,00 x 0.75 = £300,00

deliverLTV depends on the particular lender so you could get a better loan-to-value ratio. A standard bridging loan would range from £15,000 to £2,000,000. Again, depending on the lender, a bigger loan may be possible. If so, it may take longer to arrange.

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Address:


Bridging Loans Experts
34 Buckingham Palace Road
London SW1W 0RH

Tel: 08000029978

Bridging Loans Experts

Do you have any questions regarding bridging loans ? Please contact us today.
Think carefully before securing debts against your property. Your house could be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it
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