Devon & Cornwall Securities. provide high quality financial solutions all over the country, offering excellent flexibility and a truly personal approach.
Devon & Cornwall Securities is a fully non-status lender, who has developed an excellent reputation for delivering high-quality loan products over the past 35 years. This lender understands the need to focus on each individual project, rather than worrying over the borrower’s financial status. This enables them to lend in situations where others might not, drawing on their long experience and expertise to judge each project on its own merits.
This flexibility is important in a fast-moving, highly adaptable industry like bridging finance. It’s always crucial for lenders to stay flexible, since their clients require a fully bespoke service in order to escalate their projects successfully. Thanks to their personal approach, Devon & Cornwall Securities have financed projects up and down the country, far beyond the southwest. This includes music studios in Wigan, agricultural property in Wales and a nursing home in Kent.
Devon & Cornwall Securities is a tightly-knit lender, with a team that’s highly experienced in the legal processes involved with bridging finance. This intimate understanding of the sector allows Devon & Cornwall Securities to deliver quality funding solutions in a huge variety of different situations and as a largely self-funded lender they’re able to meet the needs of many diverse clients.
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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.
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%
In general most bridging loans will fall between 0.5% and 1.5% per month although occasionally they can be either slightly cheaper or slightly more expensive. Each loan is priced on risk with particular attention paid to the property, its location and the strength of your exit strategy.
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.
Bridging.com can help you secure a bridging loan tailored to your own unique circumstances in a matter of days. We can guide you through the entire process from initial enquiry to funds being released in the shortest possible timeframe.