Case StudyBroker: The Property Finance CollectiveClient: Almond Penstar Ltd Project: Purchase and Refurb – 4 x 3 Bedroom MaisonettesPurchase price: £285,000Est Valuation after refurb: £500,000Gross loan: £375,000Location:
Successful Case Study Company: Dragen Homes Ltd Project: Covert detached house into six bed HMO. (House of Multiple Occupancy) Location: Sutton-in-Ashfield We were approached by
With a widening use of bridging loans, new lenders emerging and bridging products launched, bridging finance brokers need to keep up to date
Following the financial crisis, many banks restricted lending activities. They also created tick-box methods of assessing loan risks that made it difficult for investors to
The primary criteria to secure a bridging loan is that borrowers need an exit strategy, which is often dependent on obtaining longer term finance. Here
A survey by United Trust Bank found that 57% of brokers who work in the bridging, asset finance and development areas believe that lenders will
Many lenders have decreased their bridging loan interest rates, making bridging even more attractive.
On Thursday, August 2, the nine members of the Bank of England’s Monetary Policy Committee voted unanimously to increase the bank interest rate from 0.5%
If you are purchasing a property that has less than ten years left on the lease, you may be able to buy it at a
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