Frequently Asked Questions On Bridging Loans

What Is A Bridging Loan?

It is a short-term interest only loan secured against land or property.


What type of property can be used for security?

We will accept Buy To Let or Investment Freehold and Leasehold property, commercial property and land.


What is a Second Charge Bridging Loan?

If you have a property with an outstanding mortgage, that lender will have the first charge over that property. If there is sufficient equity available within the property we can arrange a second loan, the second charge against that property to release funds.


What is the minimum loan?

From £10,000 upwords, no upper limit.


Can I borrow 100% of the purchase price?

Yes, you can borrow 100% of the purchase price if you have additional property or properties to offer as security. Or if you are purchasing under value, the purchase price may be offered.


How long can I borrow the money for?

From 1 to 12 months


Can I add the interest payments to the loan?

Yes the interest payments can be added to the loan provided there is enough equity in the property or properties.


I have a bad credit history, arrears or CCJ’s does this affect my application?

With bridging facilities there should be a viable exit strategy and this could limit the number of lenders available depending on your credit history. This would need to be explored before entering into a bridge facility.


I am self-employed or have no accounts does this matter?

No, we arrange loans based on individual circumstances. But not having accounts or being a start-up business may limit the number of lenders available to you.


Can a limited company take out a bridging loan?

Yes, but the directors will be required to give personal guarantees.


Can Buy To Let Bridging Loans be used for property development finance?

Yes, a Property Development Bridging Loan can be used. Loans up to 70% of the purchase price & 100% of the build costs are available.


For a sensible no-nonsense approach call now on: 0151 737 1246 to speak to one of our bridging loan experts for a free no obligation quote. We are waiting for your call.

John Goodwin T/A Sunrise Commercial Finance 728476 is an Appointed Representative of Connect IFA Ltd which is Authorised and Regulated by the Financial Conduct Authority 441505.

The FCA does not regulate Business buy to let Mortgages and Commercial Mortgages to Limited Companies.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

There will be a fee for mortgage advice. Our typical fee is 1% of the mortgage amount.

Risk Warning:
Think carefully before securing other debts against your home, your commercial property may be repossessed if you do not keep up repayments on your mortgage.

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