Category: Bridging Loans
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What are Rebridging Loans?
Bridging loans have carved out a niche for themselves as the go-to solution for individuals in need of quick, short-term financing. Whether it’s snatching up a property at auction, keeping a purchase on track, or getting the cash injection needed for a renovation project, bridging loans have been the lifeline for many. But what happens…
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MFS Launches Cashback Scheme for Bridging Loan Customers
Market Financial Solutions (MFS) has rolled out a new initiative that promises to put money back into the pockets of its customers. It has unveiled a scheme where it will refund valuation fees in full for qualifying customers. This move is designed to stimulate activity in the property market, which has seen its share of…
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Bridging Finance – The Basics
The latest reports from the Association of Short Term Lenders are in, and they’re impressive: in the third quarter of 2023, bridging finance saw a record surge. Applications jumped over 8%, completions nearly 11%, and loan books expanded by more than 18% compared to the previous year. So, it’s a good time to cover the…
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£1.6M Bridging Loan Boosts Prime Asset Value
Arc & Co. and Glenhawk have successfully secured a £1.6 million second charge bridging loan for a property developer. This significant deal centers around a highly valued single asset located in the affluent area of Wentworth. What is a Second Charge Bridging Loan? A bridging loan is a short-term loan used by property developers to…
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LendInvest’s New Bridging Loans
LendInvest Mortgages has just unveiled a pair of innovative loan products. Their new offerings, dubbed the “House Flip Bridge” and “Landlord Refurb Bridge”, are tailored for borrowers eager to swiftly purchase and transform properties. What sets these products apart is their generous 85% loan-to-value ratio, a boon for those looking to maximise their investment potential…
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Cash Back on Bridging Loans from Alternative Bridging
Alternative Bridging Corporation is promising to refund valuation and legal fees up to £2,024. But here’s the catch – you need to act fast! This offer is only valid for applications submitted before the end of January. To qualify, you must complete your transaction by the 29th of February. It’s a time-sensitive opportunity that demands…
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UTB’s Latest Bridging Offers
UTB has reduced interest rates across their range of regulated and unregulated bridging finance products. This reduction is up to 14 basis points (bps) – a basis point is one-hundredth of a percentage point, so this is a notable decrease. For regulated standard and light refurbishment bridging loans, rates have dropped from 0.75% per month…
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£9.5 Million Bridging Loan Secures Luxury London Apartment
Arc & Co., a real estate finance advisory firm, has successfully orchestrated a £9.5 million bridging loan. This substantial sum was secured to assist a private international client in acquiring a high-end apartment in the heart of London. Here’s a breakdown of what this deal means and how it was achieved. The focal point of…
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New Bridging Loan Launched – No More Early Repayment Fees!
Key points – Alternative Bridging Corporation has made relaunched its Term Loan. This isn’t just any ordinary update; the loan now comes with a new feature – no Early Repayment Charges (ERCs). Key Features of the New Term Loan Tailored Cash-Flow Solutions An intriguing aspect of this loan is its adaptability in structuring payments. For…
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Funding 365 Reduces Bridging Rates
Funding 365, known for its short-term lending solutions, has announced a significant reduction in its lending rates. This change primarily affects their residential bridging and light refurbishment finance options. Key Rate Changes These rates are particularly notable because they bring Funding 365’s offerings closer to the rates provided by specialist banks, making them a more…