Bespoke Bridging Finance are a specialist provider of bridging loans who pride themselves on their ability to lend in situations where other lenders cannot
Bespoke Bridging Finance is a dedicated bridging lender which specialises in bespoke loan packages. Because Bespoke Bridging Finance is a small, highly experienced lender, it is able to tailor loans to the exact requirements of each borrower and is able to arrange loans when no other lender can. This is thanks to the highly flexible attitude of Bespoke Bridging, and the highly experienced staff who assess each client on their own merits. Bespoke Bridging has truly adaptable lending terms, and can even finance loans for a single day (though a month upwards is more common).
The clients to which Bespoke Bridging Finance caters are able to use a wide variety of assets as security, and while loans must be secured against property it is also possible to use assets as varied as fine art, antiques, diamonds and insurance policies as additional security. This reflects the holistic nature of Bespoke Bridging Finance and their commitment to judging each applicant on their own merits rather than according to a rigid checklist. This flexibility allows Bespoke Bridging Finance to meet the needs of a wide range of customers across many sectors, and to generate tailor-made loan packages to suit the demands of any project.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Bridging loans can be used for a wide variety of purposes. Perhaps the most common purpose is to allow you to buy a new home or business premises before you have sold your existing property. They can also be used by investors to buy property at auction, landlords to acquire buy-to-lets, developers to acquire and renovate properties and businesses to raise working capital. There are a myriad of different uses and Bridging.com can help to find the best loan for you.
Loans generally range from £10,000 to £50M with smaller or larger amounts provided on an exceptional basis. The value and equity within the property or properties you are securing against will determine how much you can borrow. The maximum loan to value (LTV) currently offered by most lenders ranges between 65-80%
Many lenders can agree terms in hours and funds can be in place in days rather than weeks. Average completion times with some lenders can be in the range of just 7-14 days. When you require speed to take advantage of a time-limited opportunity Bridging.com can help you to find the best lender for your unique circumstances.
Given that bridging loans are asset backed many lenders won’t credit score or ask for personal guarantees. They will look at where you are going rather than where you have been, placing an emphasis on the exit, how the loan will be repaid, rather than focussing on any arrears, CCJ’s or adverse credit history.
Bridging loans are usually repaid from either the sale of the security property or other assets or from the re-financing of the property onto a longer-term mortgage.