Category: Bridging Loans
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LendInvest Cuts Refurbishment Bridging Loan Rates
LendInvest Mortgages has reduced rates on its 85% Loan-to-Value (LTV) refurbishment bridging loan, making it cheaper than ever to spruce up properties for a tidy profit. The new rate has been reduced to 0.98%, meaning investors can now secure a loan covering 74% of the property’s value after the refurbishment. This opens up new possibilities,…
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Aspen Bridging Slashes Rates and Offers Bridge-to-Let Deals
Aspen has just announced a major rate cut across its entire range of bridging loans – some by as much as 0.6%! This means you can now access flat rates from 0.85% per month. If you prefer a stepped rate, they start from a tiny 0.59% per month, eventually moving up to 1.25% per month.…
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New Loan Makes Flipping Properties Easier (and Cheaper!)
A specialist lender has launched a new loan designed to make it cheaper and easier for property developers to renovate and sell properties for a profit. Hope Capital’s new “flip loan” allows borrowers to access up to 75% of a property’s value with an interest rate of 0.99%. The loan is split into two parts:…
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Bridging Loan Boom – Record Lending Fuels Property Market Growth
The latest figures from the Bridging & Development Lenders Association (BDLA) show a massive boom in bridging loans, with loan books reaching £8.4 billion in the second quarter of 2024. Completions Hit Record High This growth is driven by a rise in bridging loan completions, which reached a record £1.74 billion in the second quarter…
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Bridging Loans Boom as Housing Chains Break
Bridging loans reached record highs in the second quarter of 2024. Why is Bridging Lending on the Rise? The increase in bridging loans is directly linked to the rising number of property chains collapsing. Changes in the Bridging Landscape: The Bottom Line: The bridging lending market is experiencing a boom, driven by the need to…
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Bridging Loan Delays – Developers Cry Out for Legal Reform
Bridging loan times are going through the roof, and developers are furious. A new report from EY reveals that only 3% of bridging market respondents expect the average time to complete a bridging loan to decrease this year. In fact, almost a quarter expect those times to get even longer! What’s the Problem? The legal…
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Hope Capital Ups the LTV on Development Exit Loans
If you’re a property developer looking for a lifeline to get your project over the finish line, Hope Capital, the bridging lender, is making it easier than ever to get the cash you need. The loan, launched in 2021, is designed to help developers who have completed their projects but are still facing pressure from…
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Bridging Finance – Growth Predicted but not Plain Sailing
Experts predict growing activity in the Bridging Finance sector. But, is the market heading for a bumpy ride? The Bridging & Development Lenders Association (BDLA) and Interpath’s latest survey shows a mixed bag of news for those in the bridging finance market. While optimism about future growth is high, some significant challenges threaten to dampen…
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MSP Capital Offers Lowest Bridge Rate in Two Years
MSP Capital is offering a tempting deal. They’ve just launched a new £50 million funding tranche that comes with a super low bridge rate – the lowest they’ve offered since 2022! MSP Capital’s new offering means developers can access development exit bridging loans from just 0.8 per cent a month. That’s a fantastic rate that…
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Bridge the Gap – How to Use Bridging Finance for Your Next Property Deal
The property market is fast-paced and competitive. If you want to get ahead, you need to be smart about your financing. That’s where bridging finance comes in. Bridging loans offer a flexible and quick way to secure a property and get your project moving. Bridging loans have gone from a niche product to a mainstream…