Finspace Group

Bridge to Let

A golden opportunity to purchase a property where otherwise it is impossible

Bridge to let finance is a bridging loan with an approved buy to let mortgage. It is designed to help developers purchase the property they would otherwise struggle to complete on within a limited time. The main difference between buy to let bridging loans and other types of finances is their turnaround time is faster and has a pre-approved exit strategy. 

To submit an application for a bridge to let loan, you’ll need to provide a few documents such as information about you and your property. Bridge to let mortgage lenders make decisions on different factors, so they’ll ask you for a set of details for this purpose. Please speak to one of our experts and choose the right option for your property.

Bridging Loans +

Bridging Finance is a flexible finance option which is generally secured over property, whether it is Residential, Commercial or Land. The term of the loan ranges anywhere between 1 and 24 months. The funds raised can be used for any type of business purpose if there is a robust exit (repayment) strategy
Read more.

Refurbishment Loans +

These loans can fund any type of property refurbishment, ranging from a new kitchen & bathroom to full remodelling, conversions & extensions.

This is a very competitive space in the market and there are some attractive funding offers available at high loan to values
Read more.

Development Exit Finance +

This type of funding can be used to refinance a development loan onto a cheaper loan whilst the site is sold or refinanced. It can also be used if an existing development loan is approaching or has passed the agreed term, due to project delays for example, and the site does not necessarily need to be completed at the time of the refinance Read more.

Loan Extensions & Refinance +

If an existing bridging loan is approaching or has past its expiry date, we can arrange re-bridges to provide extra time and extra capital if required until your original repayment strategy can be executed Read more.

Land Acquisition +

Property Developers can use this type of loan to acquire or refinance land that either has planning permission or they intend to apply for planning permission for a certain type of development project. This can also be used to change an existing planning permission to increase the project viability Read more.

Planning Gain +

These loans can be secured over property or land where a property developer intends to apply for or amend a planning permission. This would generally be done to add value to the site or increase the viability of a scheme. Developers either sell the sites on with the benefit of planning or they take the project forward themselves Read more.

Auction +

Properties bought at Auction require a 10% cash deposit on the day and the transaction needs to complete within 28 days generally. Bridging Finance can be used to help ensure the transaction completes in time and some of our lenders will use the auction legal packs for their due diligence which can cut down on set up costs Read more.

TALK TO AN EXPERT

Fill in the form to get a call back from a qualified adviser.