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Bridging Finance in Scotland

We specialise in Loans in Scotland for Property Owners and Investors in the UK

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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

Bridging Finance in Scotland​

The process of bridging loans within Scotland has been difficult for some time. The property law in Scotland is different than the rest of the UK. When conveyancing a property in Scotland its important to use Scottish solicitors as they understand the process. Because of this, many of Ascot Bridging competitors chosen not to offer bridge loans within Scotland. However, Ascot has built a close relationship with a group of Scottish solicitors who specialise in conveyancing.
We see a lot of opportunity in Scotland. That is why we are offer competitive interest rates at a high LTV for development in Scotland. This can include, but not limited to “ground up” and “land with planning”. We have a wide range of loan amounts we can arrange for projects. We can see a lot of opportunities for development in Scotland. So, our bridging finance products are design to be flexible.
We are a specialist of bridging loans designed for short-term situations to provide a temporary cash flow solution or ‘bridge’ before additional permanent finance becomes available. This type of loan or finance can be ideal when time is short or the property you are purchasing is non-standard. A typical scenario is where you have yet to sell your house, but you have found a new property and you need short-term finance to secure the purchase until your sale goes through. Or perhaps making a purchase at an auction. The process for obtaining a bridge mortgage is usually straightforward with a more flexible set of criteria than most high street banks and mortgage lenders. Like a mortgage, a bridging loan is secured against property or assets with the typical loan to value in the region of 70% to 75%.
  • • 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

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.

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Testimonials

Join the brokers who we have worked with

Highly recommended! Ascot have just lent funds for a project other lenders either wouldn't do or wouldn't lend sufficient funds for. Its not a case of being a bad deal, there were just various issues other lenders wouldn't take the time to see past or said 'doesn't meet criteria'. Ascot however took a completely flexible bespoke approach - just what you need from a bridging lender. Happy broker, happy client!
Lisa O.
An absolute pleasure to deal with as a Broker. Transparent, Fast and did what they promised!
Michael P.
Quick, efficient and very helpful. Always available and attentive to the clients and Brokers needs...nothing was too much....I would highly recommend.
Sean C.
WoW Kevin and his team are Ace! I have used the sister company (Ascot Mortgages) as my broker for several years now but never considered the bridging arm of the company. When another bridging lender (whos logo is cute purple 8 limbed Cephalopod) pulled out of our bridging loan after taking fees and insisting on a humongous over-priced survey on what we consider a spurious pretext (not related to the value or condition of the property) Kevin and his team stepped in. I highly recommend their excellent communication, advice, honesty and ability to move fast when needed.
Charmaine L.
Professional, transparent, approachable lender with great service. I have dealt with the team for years and they only get better.
Nathan R.
Was given a great deal of time and guidance on getting our last property transaction though which required bridging finance. In fact with out Ascot's follow through, this transaction would not have taken place. Would recommend Ascot's financial services to any one in, or entering the property market.
Michael T.
As a broker, I use Ascot all the time as the team are incredibly helpful/friendly which make our lives easier in a fast paced market. My clients always report a great customer experience from them and I'll continue to use Ascot as one of our main Bridging lenders in the future.
Joe J.
Common Questions

Most Popular Questions

In Scotland, bridge financing provides quick access to funds and is usually secured against the property being purchased or another asset. The loan is repaid once the borrower has sold their previous property or secured long-term financing.

The amount you can borrow usually depends on the value of the property being used as security, your financial situation, and the lender’s criteria. Lenders typically offer between 70% to 75% of the property value.

Homeowners, property developers, and investors in Scotland can benefit from bridge financing, especially if they need to act quickly on a property purchase or require short-term financing for renovations or development projects.

Interest rates for bridge financing in Scotland are typically higher than traditional mortgages, often ranging from 0.5% to 1.5% per month. Additional fees may include arrangement fees, exit fees, and legal costs.

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We specialise in Bridging Finance for Property Owners and Investors in the UK.
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Ascot Bridging Finance Ltd ( Reg No 07664649), Ascot Bridging Finance 2 Ltd (Reg No 12198771), Ascot Bridging Finance 3 Ltd (Reg No 13276850) and Ascot Bridging Finance 4 Ltd (Reg No 13970023) are registered in England and Wales.
Registered office: 8 Webster Court, Carina Park, Warrington, Cheshire, England, WA5 8WD.
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