How Much Can I Borrow For A Regulated Bridging Loan?
Regulated bridging finance tends to be restricted to a maximum of 70% loan to value (LTV), although up to 100% funding is possible with additional security.
We can arrange loans from £25,000, with no strict maximum loan. We have funders in place who can fund very large loans on a case by case basis.
How Much Does A Regulated Bridging Loan Cost?
There are many bridging finance lenders out there, all of whom price their loans differently. We can secure regulated bridging finance from 0.49% per month for loans of £25,000+ and 0.48% per month for loans over £250,000.
On top of the monthly interest rate, most lenders will charge an arrangement fee of between 1-3%, although this is usually 2%. In some cases, an exit fee will also be charged, although this is becoming increasingly rare. We always scour the whole market on your behalf to secure you the best possible regulated bridging finance rates. We will always look to offer rates as close to the market leading rates mentioned above as possible.
How Long Will My Application Take to Complete?
Where completion is required in a very tight deadline, a regulated bridging loan would be used to ensure the property isn’t remarketed due to the delays. This would stop the client from losing out on the property.
We can fund regulated bridging loans on the same day under extreme circumstances. Generally, it is realistic to expect your loan to complete in 5-14 days.