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When to use bridging

Scenario...

1 Your customer applies for a mortgage with a high street lender.

1 The property receives a nil valuation due to its EPC rating.

1 We grant a bridging loan of 75 % LTV to support the purchase.

1 Improvements to the property could then be made to boost its EPC rating.

1 The customer could then exit the bridge with a mortgage from a high street lender.

Why choose bridging finance?

Bridging could offer landlords a speedy, short-term borrowing solution to finance their property upgrades, helping them to make improvements quickly and minimise the impact on their tenants.

Our refurbishment Buy to Let proposition could offer your customers the flexibility of bridging with the surety of an exit onto a Buy to Let mortgage at the time of application. And, there’ s a choice of three exits depending on the type of refurbishment works.

What’ s more, our Tier 2 refurbishment range, includes conversions to an HMO of up to 10 lettable rooms and conversions of a commercial unit into a maximum of 4 flats.

Bridging made easy

Questions? Contact your Specialist Finance Account Manager or call 0800 116 4385.

Bridging could offer landlords a speedy, short-term borrowing solution to finance their property upgrades, helping them to make improvements quickly and minimise the impact on their tenants