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Bridging Finance.

Bringing Clarity to the complex world of Property Finance.

Bridging loan finance is an exceptionally crowded marketplace. There are over 300 individual lenders offering a bridging service. Navigating this market can be tricky, however the market still represents valuable access to quick short term cash.

 

 

 

The average bridging rates as of February 2024 were circa 0.9%. although there are deals around at below 0.8% pcm - even as low as 0.55% pcm in exceptional circumstances. We expect to see rates soften over the coming months.

Acceptable security includes residential and commercial property of any type and in any condition, and land with or without planning consent.

We exist to bring great development opportunities, correctly packaged and fully understood, to the right lenders in the right way at the right time.

Developer Exit Finance.

 

If you have finished your development and now need more time to sell or refinance the properties you will probably benefit from exit finance. Equally if you are part-way through the works and need a top up this short term facility may work for you.

Key Lending Criteria

  • The development will have to be built in accordance with its own planning permission and building regulations.

  • Exit Finance available at any stage of the build from a small number of lenders

  • On completion the Development will have a suitable New Build Warranty (if applicable)

  • A First legal charge will be required on the development property

Image by David Martin

Key Features of development Exit finance

  • Up to 75 LTV%

  • Interest Rates from 0.78% per month

  • No Up Front Fees and fast completions

  • Up to 36 months with development exit loans

  • Facilities for first time developers are available

  • Adverse Credit cases can be funded

  • Interest can be rolled up, retained or paid monthly.

     

  • We are here to help - there is no obligation - please do give us a call, email us or fill in the form opposite and we will get back to you as soon as possible

07497 113341
dan@claritydevelopmentfinance.co.uk

Image by James Sullivan

Land Bridging Finance.

 

If you are looking to purchase or refinance land, we have a range of options, regardless of whether planning consent for development has been granted, or not.

Key Lending Criteria

  • A First Charge is required.

  • Second charge loans only in certain circumstances.

  • Planning consent for development does not have to be in place, but without planning consent the Loan to Value available might be restricted.

  • Lending against Open Market Value.

  • A viable Exit Strategy must be identified.

Key features of Land Bridging Loans

  • Typically 50% - 65% Loan to Value.

  • Rates from 1% per month.

  • Terms up to 36 months.

  • Minimum loan size £100k, with no maximum loan size.

     

We are here to help - there is no obligation - please do give us a call, email us or fill in the form above and we will get back to you as soon as possible

07497 113341
dan@claritydevelopmentfinance.co.uk

 

07984 150034

matt@claritydevelopmentfinance.co.uk

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