Re-Bridging Loans2018-09-16T12:14:03+00:00

Re-Bridging Loans

Home » Bridging Loans » Types of Bridging Loan » Re-Bridging Loans

BRIDGING LOANS MENU

What is a Re-Bridging Loan?

Re-bridging loans are used to refinance an existing bridging loan if you are looking for a better interest rate or your existing loan is coming to the end of its term.

Customers generally approach us for a re-bridging loan to either see if we can save them money by moving the loan to a lender with lower rates, or if their current bridging loan is nearing the end of its term but the requirement for a bridging loan is still there.

Pick up the phone
Talk to an Expert
For free advice call
01922 620008

Latest Re-Bridging Loan Offers

View some of the latest re-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 BL0003 - Apply Now
Interest Rate
0.49%
Lender Fee
2%
Max LTV
50%
Security Type
Residential
Min-Max Loan
£10,000 – £2,500,000
Max Term
12 Months
Regulated Accepted?
Yes
CLICK HERE TO COMPARE MORE MARKET LEADING PRODUCTS

Criteria

Below are the main criteria points to consider when taking out a re-bridging loan.

1Up to 75% Loan to Value (or 100% with additional security).
2Property in a poor state of repair considered.
3Rates from 0.44% per month.
4Loans from £25,000 with no maximum loan size.
5Borrow from 1 month up to 24 months.
6Any security considered.
7Interest can be rolled into the loan.
8Loans with no early repayment charges available.
9We will consider any exit route.
10Refurbishment or conversion accepted.
11Adverse credit accepted.
12Loans available throughout the UK.

How Much Can I Borrow?

We are able to fund Re-bridging loans up to 75% loan to value (LTV), and can even lend up to 100% LTV with additional security. Funding starts from £25,000 with no maximum loan size.

How Much Will It Cost?

Depending on why the existing bridging loan needs re-bridging will have an impact on interest rate. If the re-bridge is wanted to save costs, a fairly low rate could be achieved whereas if the existing loan has come to the end of the term because the property hasn’t sold, the LTV could be restricted and a higher interest rate charged.

We can offer loans from 0.44% per month up to 55% LTV and can even lend at 0.64% per month at 75% LTV.

In addition to the monthly interest cost, lenders charge a lender arrangement fee – a fee for setting up the loan. This fee is usually 2% of the loan amount, although this is sometimes discounted as low as 1%, especially on larger loans.

How Long Do They Take To Complete?

Re-bridging loans can be completed in around 5 – 14 days if the property valuation and legal work is done quickly. If there is a deadline for completion you should tell us upfront so we can work to this timescale.

If you’re keen to secure the lowest rates, it might be worth allowing slightly longer for completion as the lender may want to undertake some additional checks.

Want to Know More…?

Use the panels below to read more on Bridging Loans.

This website uses cookies to improve your user experience. Select 'Agree' to continue to the ABC Finance Ltd website or view our terms of use or privacy policy. Agree
Close
ENQUIRE NOW - CLICK HERE