Independent Bridging Loan Experts
Bridging loan service for property in Manchester
Bridging Loan In Manchester
Specialists in raising bridging loans for commercial and residential property in Manchester
If you are renovating a property and require short-term finance, a bridging loan may be a good option. A bridging loan is a faster and more flexible alternative to a mortgage, for short-term funding requirements. A bridging lender will place a charge on your property, and provide you with an amount up to a certain loan to value (LTV) of the property. Once the loan is repaid, the charge will be lifted.
Typical fees involved in getting a bridging loan:
- Arrangement Fee Charged by the lender
- Exit Fee Sometimes Charged Upon Repayment
- A surveyor/Valuation Fee is usually required
- Solicitors Legal Fees
- Monthly Interest
There are different Bridging Loan financiers in the UK and a wide range of products to suit different needs. We can help you access what options are available for your unique conditions
Finspace FAQs
Why use a bridging loan or development finance broker?
- You save money
- Leverage our market knowledge
- Get specialist deals through our professional relations with lenders
- Save time
- Complete quicker through our stakeholder approach
What interest rates do bridging finance typically attract?
This depends entirely on the individual project and the borrower's profile. You can rest assured that we will do our best to secure the best possible deal for your loan at an attractive interest rate by using our extensive market knowledge.
How quickly can you secure a bridging loan?
We understand that when it comes to bridging loans, time is generally of the essence. This is why our entire process is designed to be as fast and suitable as possible. We connect you with lenders that only require minimal data to make quicker decisions. With our guidance, you can usually gain access to funds in around 4 - 6 weeks; but in some circumstances, a decision can be made within three days for a simple residential bridging loan.
Our Process
Simply tell us a little about your business and we’ll be in touch to talk through
possible solutions tailored specifically to you
Simply us a little about your business and we’ll be in touch to talk through
possible solutions tailored specifically to you.
Our clients say.
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Finance Cases
Airspace Project for 12 Duplex Flats
£3,100,000
Planning Flex Gain for 12 Apartments
£1,800,000
Land Bridge for a Mixed-use Scheme
£21,100,000
5 Day Completion on Bridging Loan
£1,100,000
Enquiry to Completion in 4 weeks
£3,600,000
£1,200,000
£2,100,000