Bridging Loan: Auction
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Auction Bridging Loan: Uses
- To purchase a residential unit bought at Auction, with a strict requirement to complete on the purchase on a tight time table
Light Refurbishment Bridging Loan: Type of Properties Suitable
- Residential Properties
- Multiple occupation (such as HMO’s)
- Properties in England and Wales
Light Refurbishment Bridging Loan: Loan Conditions
- No Exit Fees
- Multiple Security Acceptable
- Retained Interest
- Adverse Credit Considered on a Case by Case Basis
- Minimum Size £300 Thousand, Maximium Size £5 Million
- Maximum LTV 70% 1st Charge
- Interest Rates from 0.85% per month, 1st Charge
- Works, light refurbishment only