BRIDGING FINANCE

Bridging Loans– 1st & 2nd Charge
Bridging finance typically suits clients looking to raise money quickly that do not meet all the criteria of the mainstream lenders or they may not want to have a monthly cost. There can be multiple reasons for this such as the property is not currently habitable, they have no income source, the purpose is to purchase a property at auction, failed mainstream affordability tests or the property is in mid development.

Smart Money have the expertise to find a solution for your clients that will meet their needs by using a range of innovative and exclusive products from our panel of lenders that you may not have direct access to. This means we can normally find a solution for a wide range of scenarios whether the case is regulated or unregulated.

PRODUCT HIGHLIGHTS

 1st Charge2nd Charge
Loan Amounts£26,001 – £5,000,000£26,001 – £2,500,000
Maximum LTV75%75%
Rates From0.69%0.82%
Term6-24 months6-18 months

1ST CHARGE - MAXIMUM LTV: 75%

Loan Amounts: £26,001 – £5,000,000
Rates from: 0.69%
Term: 6-24 months

2ND CHARGE - MAXIMUM LTV: 75%

Loan Amounts: £26,001 – £2,500,000
Rates from: 0.82%
Term: 6-18 months

KEY FEATURES AVAILABLE INCLUDE:
  • Serviced or payments deducted
  • Regulated & Unregulated
  • Proof of income not required
  • Multiple exit strategies
  • Any legal purpose
  • Desktop Valuations
  • No exit fees (in most cases)
  • Adverse credit accepted
  • UK Coverage
  • Equitable charges available
  • Most property types accepted including high rise, ex local authority, listed, semicommercial plus many other
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