Large Bridging Loans
Our large bridging loans are suitable for both residential and commercial purposes and geared towards providing a minimum of £1,000,000 of finance up to a value of £250,000,000.
Secured on single or multiple property assets large loans can be completed within 2-3 weeks depending on the complexity of its structure. We're experts in the complicated and package your requirements in such a way that our lending panel understands and will want to lend against.
- Market-leading property bridging loans from £1 million to £250 million
- Monthly interest rates from 0.44% pm
(Lower rates for £700,000+ loans or less than 50% LTV)
- LTVs up to 75% (up to 100% finance if additional collateral is available)
- No monthly payments with interest rolled-up options
- Terms up to 24 months
|Loan to value (LTV)||Up to 80% maximum|
|Loan term||1 to 24 months|
|Loan amount||£1m up to £250m|
|Interest options||Rolled-up, retained or serviced|
|Interest rates||From 0.44%|
|Decision||Immediate decision in principle|
|Early repayment fees||None|
|Availability||Secured on assets in the UK & Europe
Individuals, Companies, SPVs
No credit & adverse credit considered
|Exit strategy||Sale or refinance|
We're experts at large value bridging loans, securing you the best deal from over 200 bridging loan providers including private investors and family offices.
Get expert assistance today, we're on hand to answer any questions about refinancing your bridging loan.
Call our friendly team on 01202 612934, we're ready to help.
What are the costs associated with applying for large bridging loans?
Typical costs associated with applying for a large bridging loan are:
- arrangement fees - the fees you pay for having the lending facility
- broker fees - the fees you pay for the help of the broker arranging your loan
- valuation fees - the valuation fee pays for the valuation report prepared by the lender's surveyor to assign a value to the security you're offering for the loan
- legal fees - to cover the cost of drawing up the legal agreement covering the lending facility and the costs associated with registering a charge on the property/ies you offer as security
- exit fees - this pays for your lender to remove the charge from your property/ies when you pay back the loan. Some lenders may charge up to 2% of the value of your loan as an exit fee however this is now much less prevalent than before.
Are large bridging loans regulated by the Financial Conduct Authority?
Large bridging loans secured on primary residential properties are subject to Financial Conduct Authority oversight. Your primary residential property is the property you're registered as living in.
Can you get a large bridging loan on mortgage free properties?
If you offer property or properties with no mortgage or other debt secured on them, your bridging lender will seek a first charge on them which they remove when you repay the loan.
Do you have to get permission from your existing lender to secure a large bridging loan against your property?
Yes. If you apply for a bridging loan on property where the mortgage has not yet run to full term, your bridging loan provider will need to approach your existing lender.
They will seek permission to secure the bridging loan with a second or third charge on your property.
For each property you provide as security, your bridging loan provider must gain approval from the existing lender or lenders.
Does it take longer to be approved for a large bridging loan than a traditional mortgage?
Traditional mortgages take much longer to arrange than a large bridging loan.
If you need to raise money quickly, it's quicker to apply large bridging loan.
With a standard jumbo mortgage, the lead time between application and drawdown of funds can be up to three months.
With a large bridging loan, the lead time is as little as three weeks.
Do large bridging loans have a fixed repayment date?
There are two types of bridging loan you can apply for - open or closed.
A closed bridging loan has a fixed repayment date on which you guarantee to your lender that they'll be paid back in full.
An open bridging loan allows you to repay the facility back in full at any point within the following 2 years.
Your lender stops charging interest to you on the day you make your repayment (although the minimum term for a bridging loan is one month meaning that you'll pay at least one month's interest).
How do you pay a large bridging loan back?
You pay back a bridging loan in a completely different way to mortgages and other debt secured on property.
There are no monthly repayments on a large bridging loan (unless you request this option).
With most large bridging loans, you repay the loan amount back (capital and interest) in full in one tranche.
The large bridging loans we offer have a minimum term of 1 month and a maximum term of 24 months.
Can you use large bridging loans to buy property at auction?
Yes. If you want to a large bridging loan to use auction finance on a property purchase, we can help.
It takes slightly longer to get approval from a bridging lender on a request for £1m or more so please get in touch with us as soon as possible.
This will give our team enough time to secure a deal for you.
Are interest rates on larger bridging loans competitive?
The interest rates offered by lenders on larger bridging loans are more expensive than the interest rates you'd pay on a standard jumbo mortgage.
But it's also important to factor into your decision:
- early repayment fees and
With most bridging loans, there are no early repayment fees. Borrowers are often penalised by mortgage providers if they pay their mortgage off in full or switch to another provider with the lock-in period.
In some cases, the early repayment fees you'll have to pay may cancel out the savings you would have made by choosing a mortgage.
In addition, mortgages are amortised meaning that, during your lock-in period, you're actually paying down interest more than you're paying down the capital (the amount you borrowed). This means that your mortgage balance may not be reducing as quickly as you hoped.
You can choose either a variable rate or a fixed rate of interest on your bridging loan. For more information, please arrange a call with our experts today and get our best no obligation quote.
What is a large bridging loan?
Large bridging loans tend to classified by lenders as funding proposals where the loan amount requested is for £1m or more.
We can manage your application so that you receive funding in as little as three weeks after you've applied to us.