Bridging Loan Criteria
- Ashdown Lyons
- Knight Frank
- Kings Sturge
- Jones Lang LaSalle
- Cushman & Wakefield
- Lambert Smith Hampton
- Gerald Eve
- DM Hall (Scotland)
- Price Waterhouse Coopers
If your valuer is not on this list, then please call us on +44 (0)2921 287111
and we will advise on a case by case basis if your valuer is acceptable.
Maximum Loan to Value is 75% of the Open Market Value (OMV) - less fees, costs and interest.
* Any legal purpose loan.
* Collateral security to be provided.
* A first legal charge over any asset provided as security.
* Lend to limited companies, PLCs, SPVs, Trusts, or Partnerships.
* A valuation is required and credit report.
* There must be a clear exit for repayment of the loan.
In all bridging loans an exit strategy is paramount.
If the loan is at a high loan to value, then proof of the exit will be required.
Examples of exits are:
- A concluded missive to sell on
- A mortgage offer
- A decision in principle letter from a bank
- Development finance offer letter for post acquisition
- Any proof of ability to repay loan after term
Other Criteria & Fees
|Loan Term: ||1 Month – 12 Months |
|Rate: ||From 0.99% per month |
|Entry Fee: ||From 1% (Subject to variation on a case by case basis) |
|Exit Fee: ||From Nil to 1 Months Interest depending on bank |
|Legal Fees: ||On a case by case basis |
|Adverse Credit: ||Usually accepted but explanation required if heavy |
|Bankruptcy: ||Accepted as long as discharged