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Bridging Loan Rate
Rates for bridging loan vary on many factors. The loan to value ratio. Also known as the LTV. The asset that is being used as security and the amount of time you need to hold the loan. The maximum term is 18-24 months. Bridging loan rates have never been as competitive. Starting from 0.27% per month.
The loan to value can be as high as 100% of purchase price.
Bridging finance is flexible non-status lending. Meaning you don’t need to display any income in order to secure a loan. Bridging finance is actively used by property investors and entrepreneurs.
Most borrowers use bridging loans to purchase a property from an auction, purchase property for a quick sale, property development opportunities, property developer exit products or simply short term finance.
Sometimes if there is not enough equity available a bridging loan can cross collateralise a charge over multiple properties.
Does any of that sound like you might require some advice from us with rates and term?
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