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Bridging Loans

About

Lerwick Financial Group Ltd offer fast solutions to anyone seeking a bridging loan for any purpose. Deal with decision makers Whatever your requirements we feel we offer the best deal and the best service over the UK.

What is a Bridging Loan?

A bridging loan is a loan used as a short term solution to ‘bridge the gap’ between the sale of one property and purchase of another.

What can a bridging loan be used for?

A bridging loan can be used for many purposes including:

  • Purchase at auction (Insufficient time to arrange a term mortgage)
  • Property in poor repair (not suitable for a term mortgage until work is completed)
  • Purchase another property whilst waiting a sale (lets you buy the property you want)
  • Property development – for loan sizes from £1M to £7.5M up to 70% of purchase price, up to 100% of build costs, max 65% of GDV, max 85% of total cost – rates from 7% per annum, 24 month term.  For loans lower than £1M indicated interest rate from 1% per month for development applications
    Release Capital from property pending a sale (Enables you to free up your money while awaiting a sale)
  • Purchase a residential property at a discounted rate with a bridging loan geared to the valuation as opposed to the purchase price(Min deposit 25%)

Why choose lerwickloan.co.uk as your finance broker and bridging loan provider?

  • Immediate in principal decision from a decision maker
  • Competitive rates from just 0.49% per month
  • Adverse credit history accepted with explanation
  • Interest roll-up schemes available
  • Residential Property only
  • Self-employed.
  • Up to 100% with additional security
  • The directors’ have over 25 years experience in this sector

Ask for free advice for for a bridging loan

Call Now on 0345 273 3322 (Office Hours) or 07901 332273 Evenings/Weekends, alternatively, please complete the enquiry form below.

We are here to help.

Ask for free advice for for a bridging loan

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Copyright 2017 by Lerwick Financial Group Ltd, a company registered in England & Wales under Company No. 7195168 whose Office address is Dale View, Llandevaud Lane, Llandevaud, Newport, NP18 2AD where a full list of Directors can be viewed by appointment only.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Lerwick Financial Group Ltd is authorised and regulated by the Financial Conduct Authority FRN 737449

You have the benefit and comfort of knowing that if you deal with Lerwick Financial Group Ltd and you have to make a complaint which unfortunately we were not able to settle you would be entitled for the complaint to be referred to the Financial Ombudsman Service.  Their service is free, their website address is www.financial-ombudsman.org.uk, their postal address is Financial Ombudsman Service, Exchange Tower, Harbour Exchange Square, London, E14 9SR and their telephone number is 0300 123 9123.  A leaflet about their services to you as a customer is available from them upon request.

Copyright 2017 by Lerwick Financial Group Ltd