BRIDGING LOANS

Bridging. Often thought of as a “naughty word” in property investment circles, is in fact, far from it!

Finance in days

Complex Purchases

Auctions

Flexible Terms

Understanding bridging finance will unlock a multitude of different strategies and investment options, from buying at auction, to exchange with delayed completion, and even purchase lease options.

Bridging finance is an important tool in any property investors arsenal, as not only can you use it to purchase properties quickly (sometimes in a matter of days), but also acquire properties that perhaps, are not fit for a mortgage yet.

  • Bridging loans are typically arranged over a shorter period of time than a mortgage, and as most lender prefer to deduct the interest at source, they can be arranged with no monthly payments to be made, which is great for cash flow during a renovation project, if, for example, you are following the buy, refurbish, refinance strategy.

  • Usually, the term is between 6 and 18 months, with most clients here at Grand Union Finance paying back the bridge well before the end of the term, either through the sale of the property as a flip, or through a remortgage onto a buy-to-let, HMO, SA or social housing mortgage.

Process Steps for Finance Application:

STEP 1
Send us your enquiry, book a call, or give us a ring on our broker hotline – 0121 828 1400
STEP 2
One of our specialist brokers will run through your requirements on a phone call
STEP 3
Your broker will research the market, searching for the best finance product for your bespoke situation
STEP 4
Your case manager will be in touch to go through the client on-boarding process, including how to use our “client portal” to upload documents easily and securely
STEP 5
Your broker will return their recommendation to you in an easy to view table before calling you to talk this through with you
STEP 6
If you are happy with our recommendation, you will be sent our terms of business to digitally sign, along with a full illustration, breaking down the loan in full, which your broker will talk you through
STEP 7
We will then complete the full application on your behalf, meaning no paperwork for you
STEP 8
Once submitted, your broker and case manager will process your application all the way through to completion, acting as your personal project managers, liaising the lender, agent and solicitor throughout

Ready to start your application?

We're here to help reach your financial goals.

Ready to start your application?

We're here to help reach your financial goals.