The House Crowd is a highly innovative peer-to-peer bridging finance platform that enables borrowers to access flexible, high-quality lending.
Whether you’re a property developer, a private investor, a business in need of additional cash or just a homeowner looking to complete their new purchase, access to fast and stable finance is a lynchpin of success. HC Finance is a new and highly innovative lender operating in the bridging sector, specialising in providing swift, competitive lending for a wide variety of applications.
HC Finance, part of The House Crowd, is a peer-to-peer funded bridging lender, which means that the loans on offer from this lender are financed by a large pool of different individuals. What this means for borrowers is that loans can often be approved in an extremely short space of time, because each investor’s exposure to risk is very limited, and many investment portfolios are at least partly automated. This allows HC Finance to escalate loans from application to approval in just a few days, with loans typically being fully funded shortly thereafter. Acting quickly is key in many situations, and HC Finance’s ability to work within their client’s often pressured timescales is invaluable.
HC Finance provides loans for everything from new builds to auction purchase, and offers cash flow solutions for business as well. The flexibility and adaptability of HC Finance as a lender makes them a great first choice for borrowers in any industry.
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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%
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.