The UK commercial sector thrives on flexibility and agility. That's where bridging finance steps in, offering a vital short-term funding solution for specialist financing needs.
A bridging loan is a short-term loan which individuals or companies can use until they secure longer term financing or settle an existing obligation.
A commercial bridging loan is secured against commercial properties, which are typically considered for purposes such as retail, office, and industrial use (among other things). A residential bridge is secured against residential properties.
Compared to traditional mortgages, bridging loans offer a speedier application process, often with approvals secured within days. This agility is crucial for businesses and property investors that can't afford lengthy delays. Additionally, bridging loans come in various structures, catering to diverse needs and repayment plans.
LandlordInvest offers unregulated bridging loans for borrowers purchasing or refinancing a property as an investment, not as their home. We look into each borrower's individual circumstances and provide direct access to senior decision makers so borrowers can get financing quicker than from the banks.
Some examples of how our bridging loans are used include:
If there is already a loan secured against the security property, borrowers could consider a second charge bridging loan, which is more expensive than a first charge loan. Otherwise, it will be a first charge bridging loan.
Bridging loans can be offered with both variable and fixed interest rates. With a variable rate bridging loan, the rate the borrower will pay may go up or down if the Bank of England raises or cuts interest rates.
In addition to paying interest, the borrower will pay an arrangement and/or exit fee. Admin fees and early repayment charges may also be applied.
LandlordInvest offers first and second charge bridging loans across all property types in England & Wales. We offer competitive fixed rates and an LTV of up to 80%. There are no admin fees and no early repayment charges.
Our blogs are for information purposes only. This content is not financial, legal or tax advice. Should you require any advice in relation to the earnings you make from LandlordInvest we recommend seeking independent professional advice. Links to other sites are provided for your convenience but LandlordInvest accepts no responsibility or liability for the content of those sites or of any external site. The information in this blog is correct at the time of posting.
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LandlordInvest Limited is authorised and regulated by the Financial Conduct Authority (FCA) (FRN 660926). LandlordInvest Limited is not covered by the Financial Services Compensation Scheme (FSCS).
Loans provided to borrowers through LandlordInvest are provided solely for business purposes. Loans are therefore not regulated by the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974. You should seek independent legal advice if you are in any doubt as to the consequences of the loan not being a regulated agreement under those Acts.
LandlordInvest Limited (Company No. 09245725), registered office 330 High Holborn, London, WC2A 1HL
