Bridging Loans

B2B Mortgage can organise speedy finance for auction purchases, refurbishments or property developments. In most cases no proof of income is required, simply proof of deposit funds.

Get a Quick Quote for bridging finance

Please complete this form and one of our Commercial Mortgage Advisors will call you to discuss your options.

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2. Business Details

3. Property Details

4. Loan Details

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B2B Mortgage is a full member of the National Association of Commercial Finance Brokers

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Bridging Loans

What is a bridging Loan?
Bridging Loans are no different to long term mortgages in that they are secured by a first charge or a second charge on your property.  Because they are secured, the same steps of valuation and preparation of a legal charge deed have to be taken, and so the administration expenses involved are comparable with a normal mortgage. Bridging loans are normally for 6 -12 months duration.
What is the difference between a Bridging Loan and a Commercial Mortgage?

The difference here is that bridging is intended to be quicker than regular mortgage finance, so bridging lenders typically employ a small panel of valuers who will respond more quickly than is normal and their valuation may be on a different basis than for  a mortgage lender, since a bridging lender will be interested in what the property might be worth at auction or on a 90 or 180 day open market sale valuation. The value of your property to a bridging lender may be less than you expect for this reason.

Many bridging lenders have their own in-house solicitors to prepare deeds quickly and to advise on the legalities of the property involved. Bridging finance will normally take around 2 weeks to arrange, but in certain circumstances it has been done in as little as 2 days. It is especially useful for auction purchasers.
What are the rates?

Rates for bridging range between 1% - 1.5% per month, and interest can be paid monthly or added to the loan, with no monthly payments made for the duration of the loan. The maximum Loan to Valuation will vary between 50% - 70% depending on the property and risk involved, but the valuation referred to could be a 90 day valuation.

Arrangement fees will vary depending on the deal proposed but are typically between 1% and 2% plus valuation fees and legal fees.
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Features

  • Rates from 0.65% to 1.5% per month
  • Lender Arrangement Fees from 1 - 2%
  • Up to 80% Loan to Value (100% with additional security)
  • Min £50,000 - Max £5 Million
  • Min Term 1 Month - Max 24 Months
  • Property Types: Residential, Commercial, Semi-Commercial, Land
  • Previous Bad Credit Accepted
  • NO BROKER FEE
  • Award winning - 2015 Commercial Mortgage Introducer of the Year

Moneyfacts Awards 2015 Highty Commended - Commercial Mortgage Introducer of the Year

Today's Rates

Base Rate

Bank of England: 0.05%

Swap Rates

2 Year: 0.11%
3 Year: 0.19%
4 Year: 0.31%
5 Year: 0.44%
7 Year: 0.7%
10 Year: 1.06%
15 Year: 1.41%
20 Year: 1.55%

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Some of the lenders we work with

Santander
The Royal Bank of Scotland
Lloyds Banking Group
Norwich & Peterborough
Shawbrook Bank
Natwest
Business Moneyfacts Award 2015 - Highly Commended - Commercial Introducer of the Year