Urgent Bridging Loans
When you need fast funding in an emergency we can arrange an urgent bridging loan in as little as 3 days for loans up to £300,000 or 2 weeks for up to £250m.
We base our lending decision on your specific circumstances. Bad credit or adverse credit is not necessarily a problem as our loans are secured against your property. As long as you have the available equity to secure the loan, and a realistic exit strategy as to how you intend to pay off your loan, we're likely to be able to help.
In our experience urgent bridging loans are mainly used to settle tax bills, finance a land or development opportunity, buy an investment property at auction, avoid bankruptcy, stop repossession or simply to raise instant cash to solve an urgent situation.
The following list isn't exhaustive but gives an indication as to how flexible this type of finance is:
- Financing a property auction purchase
- Fixing a mortgage delay
- Repairing a potential property chain break
Small business scenarios
- Raising finance to pay for an unexpected bill
- To provide alternative financing when invoice factoring let you down
- To settle a VAT or corporation tax payment
- A fast loan to pay wages that are imminent
- Quickly purchase a parcel of land
|Loan to value (LTV)||Up to 80% maximum|
|Loan term||1 to 24 months|
|Loan amount||£26,000 up to £250m|
|Interest options||Rolled-up, retained or serviced|
|Interest rates||From 0.44%|
|Decision||Immediate decision in principle|
|Completion||3 days to 2 weeks|
|Early repayment fees||None|
|Availability||Secured on property in England, Scotland, Wales and Northern Ireland
Individuals, Companies, SPVs
No credit & adverse credit considered
|Exit strategy||Sale or refinance|
Get expert support today, we're on hand to answer any questions about urgent loans.
Call our friendly team on 01202 612934, we look forward to speaking with you!
Benefits of urgent bridging loans
The main benefits of bridge lending are their flexibility and their ability to be organised extremely quickly.
The flexibility is a result of the fact that can provide any amount of financing from £26,000 to £200,000 in as little as 3 working days. Whilst larger amounts are available, up to £250m, these can typically take 14 - 28 days to complete. A standard bridging loan should be considered a short term solution meaning the repayment terms are, at most, 24 months.
Do I need proof of income for a bridging loan?
No, the majority of bridging lenders don't require proof of income as the loan security is the equity in property and as bridging loans are repaid in one lump sum at the end of their term there's no reliance on a salary to pay back the loan.
How quickly can you get an urgent bridge loan?
As long as the property you intend to have the debt secured against is residential, holds sufficient equity in accordance with the proposed loan amount, and you've a viable exit, your bridge loan request has a good likelihood of being approved quickly. In many cases, for loans under £200,000 we're able to obtain bridge loan lender approval same day and funding drawdown can happen within 3 days if needed.
Urgent bridging loans are a type of loan that has many uses from simply raising cash, avoiding bankruptcy, stopping repossession, solving a property chain break when buying a property, purchasing land or the purchase of another property or for any project that does not meet the full criteria required by a regular lender. Urgent bridging loans offer clients with the necessary liquidity until such time as such projects come off ground and begin producing an income.
Is urgent 100% bridging finance possible?
Yes, 100% bridging finance is possible however, its all dependant on ensuring you have enough equity in the property or properties you're intending to put up as security for the loan and of course you having a viable exit strategy within the proposed timeframe. Its worthwhile bearing in mind that using multiple properties as collateral may increase the time to complete the loan.