Signature Property Finance is a principal lender operating in the commercial and residential lending sectors, with products available for many purposes.
Signature Property Finance is a highly flexible lender whose financial products can be tailored to meet the needs of each individual borrower. This is possible because Signature Property Finance is a principal lender, not a go-between, and is able to make decisions without cutting through red tape or liaising with outside financiers; this helps them to provide decisions quickly so that their clients can move forward with their projects as fast as possible.
Signature Property Finance has a strong product range that incorporates many different financial tools: in addition to property development loans for auction purchases, refurbishment and bridging purchases, Signature offers business finance in the form of a revolving trading facility. This form of finance provides businesses with a fully adaptable form of funding that allows them to borrow as much or as little as they require at very short notice, allowing them to access funds quickly whenever the need arises.
The wide array of services which Signature Property Finance provides is only possible because of the extensive knowledge and expertise built up by its staff. Expert advice is always available from the dedicated lenders at Signature, and they emphasise their commitment to developing tailor-made financial solutions for each borrower.
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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.
Commercial bridging loans are, as their name implies, bridging loans that are secured against commercial property.
There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.
To qualify for a commercial bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.
Yes. They can be a great tool for landlords who want to do renovations on their properties to improve rental yields. The value of the properties will also reflect these property improvements and make it easier for the landlord to refinance them onto competitive Buy-to-Let (BTL) mortgages and clear any bridging. Like residential bridging, commercial loans can also be useful when a property chain is broken.