100% Bridging Loans2018-09-16T16:29:52+00:00

100% Bridging Loans

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What is a 100% Bridging Loan?

100% bridging finance is a short-term loan against a property with no cash deposit used towards the purchase. There are two main types of funding this, using another property or asset as extra security or buying undervalue, at say 70% of the open market value (OMV).

If a portfolio of repossessed properties valued on the open market at £1m were available to buy at £700,000, 100% of the purchase price (£700,000) would be available, in theory. Alternatively, if a client wanted to buy a property for £50,000 to renovate and sell and has no available cash deposit, he could for example use his own house or a buy to let property as extra security for the loan, assuming there is enough equity.

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Latest 100% Bridging Loan Offers

View some of the latest 100% bridging loan offers from major lenders.

Product BL0001 - Apply Now
Interest Rate
0.44%
Lender Fee
1-2%
Max LTV
55%
Security Type
Residential
Min-Max Loan
£100,000 – £5,000,000
Max Term
18 Months
Regulated Accepted?
No
Product BL0002 - Apply Now
Interest Rate
0.48%
Lender Fee
2%
Max LTV
50%
Security Type
Residential
Min-Max Loan
£250,000 – £50,000,000
Max Term
12 Months
Regulated Accepted?
Yes
Product BL0004 - Apply Now
Interest Rate
0.54%
Lender Fee
1-2%
Max LTV
65%
Security Type
Residential
Min-Max Loan
£100,000 – £5,000,000
Max Term
18 Months
Regulated Accepted?
No
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Criteria

Below are the main criteria points to consider when taking out a 100% bridging loan.

1100% Finance options.
2Rates from 0.48% per month.
3Loans from £25,000 with no maximum loan size.
4Borrow from 1 month up to 12 months.
5Any security considered.
6Interest can be rolled into the loan.
7Regulated or non-regulated.
8We will consider any realistic exit route.

How Much Can I Borrow?

100% bridging loans usually work out at 70 – 75% of the open market value of a property. Although called 100% bridging loans, you can’t borrow 100% of the open market value unless there is another asset to use as extra security, this could be another property or a luxury asset such as a classic car.

We can arrange loans from £25,000, with no strict maximum loan. We have funding options to suit most people.

How Much Will It Cost?

We are able to secure 100% bridging loans from 0.49% per month for loans of £25,000 and above. Each lender’s criteria differs, therefore after a brief conversation we will have a good idea of which lender is best for you and they best rate they offer.

On top of the monthly interest rate, most lenders will charge an arrangement fee of between 1 – 2%, although this is usually 2%. In some cases, an exit fee will also be charged, although this is becoming increasingly rare.

We always source the whole market to make sure we find the best possible 100% bridging loan rates. We will always look to offer rates as close to the market leading rates mentioned above as possible.

How Long Do 100% Bridging Loans Take To Complete?

Generally, it is realistic to expect your loan to complete in 5 – 14 days. If a quicker completion is required please tell us from the outset as this could have an impact on our choice of lender.

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