Not yet ready to exit into a longer-term financing solution?
When your bridging loan is nearing its end of term, but you're not ready to exit it through sale or a longer-term financing solution, we can offer fast refinancing and 're-bridge' your existing loan.
How we can help?
Arranging a new bridging loan to repay an existing facility
Arrange an extension of an existing facility
Repay existing bridging loan plus raise further funds
Assistance in sourcing a bridge when an existing bridging loan is already overdue or in default
Who can apply to refinance their bridge loan?
As long as your asset(s) are in the UK our residential bridging finance is open to both UK and foreign nationals including onshore and offshore borrowing vehicles.
So whether you are a trading limited company, an SPV or applying individually, as long as you are the legal property owner, or will be once the property transaction has completed, then we can obtain the funding you require without delay.
Loan to value (LTV): Up to 80% as a 1st charge
Charge: 1st charge
Loan term: Up to 36 months
Location: England, Wales, Scotland & Northern Ireland
Loan amount: £25,000 to £25m
Interest options: Serviced, Retained, Rolled-up
Interest rates: from 0.49% per month
Decision: within 1 day
Completion: 10-14 working days
Exit strategy: sale or refinance