Bridging Loan out of Receivership
![Bridging Loans out of Receivership, fast bridging loans, best rate bridging loans, best bridging loans, best bridging loan lender](https://assets.website-files.com/5baf97057a16ad5e35da3267/5bb11e37c8d8510662c568bd_shutterstock_232176604.jpg)
Bridge Loan out of Receivership: Uses
- Loans to repay a defaulted debt, allowing the Receivership to be lifted, on finished or part finished (wind and water tight) houses and flats
Bridging Loan out of Receivership: Type of Properties Suitable
- Residential Properties finished or part finished
- Multiple occupation (such as HMO’s)
- Properties in England and Wales
Bridging Loan out of Receivership: Loan Conditions
- No Exit Fees, unless part finished
- Multiple Security Acceptable
- Retained Interest unless part finished
- Adverse Credit Considered on a Case by Case Basis
- Maximium size £5 million, unless finished in which case £10 million
- Maximum LTV 70% 1st Charge, no 2nd charges, unless comfort charges
- Interest Rates from 0.85% per month 1st Charge
- Works allowed subject to no structural changes