Our Products

How It Works With Us?

Fast, Efficient Financing Solutions

The main difference between regular loans and bridging loans is the time it takes to organise the funding. While regular loans can take months to complete, bridging loans can be arranged in a matter of weeks. Here’s what you can expect when you take out a bridging loan with us, whether open or closed:

Reduced interest rates now starting from 0.74%

Dual representation

AVM’s can be considered

Use of title insurance

Increased loan to values up to 75%

Reduced solicitors & Underwriting requirements

The Process

Step 1

Initial Enquiry

Ascot is provided with a summary of the deal, reasons for wanting a bridging loan, the security available and a clear repayment strategy.

Step 2

Initial Approval

Ascot will provide a set of Heads of Terms outlining the key details to which we are happy to lend and the next steps to proceed to the next stage.

Step 3

Application

Ascot receives a fully completed application form and supporting documents for underwriting review and full due diligence.

Step 4

Instructions

Ascot will instruct both a Surveyor to provide a valuation report and a solicitor to undertake the required legal due diligence.

Step 5

Asset Manager

An Asset Manager will visit the property and discuss with the borrower their plans for the project, experience, exit strategy and the contractors they intend to use.

Step 6

Credit Committee

Your underwriter will present the case to the credit committee team detailing the due diligence undertaken to date and their rationale for approval.

Step 7

Solicitors

Legal work is satisfied, security documents are signed and returned with funds released to the solicitors for completion.

Step 8

Completion

Contracts exchanged with monies sent to the seller. You are now the legal owner of the property.

Reduced interest rates now starting from 0.69%

Dual representation

AVM’s can be considered

Use of title insurance

Lending on below market value properties

Reduced solicitors & Underwriting requirements

We can provide fast access to funding with the minimum of formalities which can be used for a range of purposes whether that be for a property investment or to raise capital to aid cashflow.

Bridging Loan

• Unregulated loans for residential property
• 1st Charge only - can consider a 2nd Charge inconjunction with a 1st charge
• £37,500 – £1,000,000
• Max LTV 75%
• Max 18 month term
• Properties in England, Wales and Scotland Only
• Additional Security can be considered
• We can lend on open market value
• Dual Legal Representation offered
• Commercial/semi-commercial can be considered on a case by case basis

Refinance

• Unregulated loans for residential property
• 1st Charge only - can consider a 2nd Charge inconjunction with a 1st charge
• £37,500 – £1,000,000
• Max LTV 75% If refinancing an existing bridge, Max LTV 70%
• Max 18 month term
• Properties only in England, Wales and Scotland
• We can lend on open market value
• Dual Legal Representation offered
• Additional Security can be considered
• Commercial/semi-commercial can be considered on a case by case basis

Refurbishment Bridge

• Unregulated loans for residential property
• 1st Charge only - can consider a 2nd Charge inconjunction with a 1st charge
• £37,500 – £1,000,000
• Max LTV 75%
• Max 18 month term
• Properties in England, Wales and Scotland Only
• Additional Security can be considered
• We can lend on open market value
• Dual Legal Representation offered
• Commercial/semi-commercial can be considered on a case by case basis

Development Finance

• Unregulated loans for residential property
• 1st Charge only - can consider a 2nd Charge inconjunction with a 1st charge
• £37,500 – £1,000,000 (Higher upon director approval)
• Max LTV 65%
• Max 18 month term
• Properties in England, Wales and Scotland Only
• Additional Security can be considered
• We can lend on open market value

Scotland Loans

• Unregulated loans for residential property
• 1st Charge only - can consider a 2nd Charge inconjunction with a 1st charge
• £37,500 – £1,000,000 (Higher upon director approval)
• Max LTV 75%
• Max 18 month term
• All areas in Scotland considered
• Additional Security can be considered
• We can lend on open market value
• Sole Legal Representation offered
• Commercial/semi-commercial can be considered on a case by case basis

BMV Property Finance

• Unregulated loans for residential property
• 1st Charge only - can consider a 2nd Charge inconjunction with a 1st charge
• £37,500 – £1,000,000 (Higher upon director approval)
• Max LTV 75%
• Max 18 month term
• Properties in England, Wales and Scotland Only
• Additional Security can be considered
• We can lend on value rather than the purchase price allowing 100% funding or more
• Dual Legal Representation offered
• Commercial/semi-commercial can be considered on a case by case basis