Loan type: Bridging loan
Loan value: £2,000,000
LTV: 58%
Rate: 0.85%
Loan term: 12 months
The specialist finance industry comes into its own when fast and effective short-term lending is required for less straightforward situations. Bridging finance is a great way to secure funds for property purchases, chain breaks and development opportunities. When speed is of the essence, bridging loans are the ideal solution. With the average bridging loan size in the market being just over £500,000 and the average industry completion time being 4 weeks, it requires an expert team to deliver on bespoke cases.