Bridging Finance in Scotland

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

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%.

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


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

Step 4


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


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

Step 8


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

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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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