Bridging loan rates and terms.
We offer flexible funding with no early repayment penalties. There are no initial set up costs, admin fees or lock in clauses. The only up front fee you pay is for a valuation on the property you are using as security. Our rates start as low as 0.48%, however each individual case is measured on it's own unique attributes such as credit worthiness (although an adverse credit history doesn#t mean you won#t be accepted), loan value and LTV.
So for example, if you was to borrow £100,000 at 0.5 percent, your monthly repayment would be £500.00. If you clear in your third month, you have only paid £1500.00 to borrow that amount.
All terms are vetted by your solicitor before you sign, so you know that every is above board.
Homeowner bridging loans.
Since the global financial meltdown that started around 2006, massive, massive changes were made to the banking industry. If you recollect, the Government actually had to bail out many banks and therefore ended up with part or whole ownership. Strict regulations were put in place to combat the boom and bust scenario surfacing again, which means, the High Street lenders can no longer offer loans and finance to people with a poor credit rating. However, as we are independent, we are able to judge every application on its own merits.
Feel free to contact us for an informal chat about if or how we can set up your short term finance and what we could offer by way of rates or terms. You are not obliged to take us up on any offer of funding should you feel that it is not competitive or affordable. If you would like to compare our rates, there is a web directory set up that lists the unregulated lenders in the UK at www.admainbridging.uk, which will enable you to see if you are getting good offer of bridging lon from us.