Bridging Loan out of Receivership

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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 75% 1st Charge, no 2nd charges, unless comfort charges
- Interest Rates from 0.70% per month 1st Charge
- Works allowed subject to no structural changes

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1 Hour to your Decision in Principle

A decision in Principle can be given within an hour of application, if during weekday hours. We can take a Bridge Loan from Decision in Principle to cash in your bank inside 4 days if necessary.
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This information is strictly for the use of approved intermediaries only. Acre Lane Capital Ltd,a limited  company registered in England under 11518927  whose registered address is Verulam Point, Station Way, St Albans, Hertfordshire AL1 5HE. Acre Lane Capital Limited is registered with theOffice of the Information Commissioner for data protection purposes (reg. noZA457199). © Acre Lane Capital Limited 2021.