We have access to market leading rates and dedicated underwriters to help you with the following scenarios:
• Light refurb – where minor work is required on a property before a term loan can be put in place
• Developer exit – in the current market where the developer has not managed to sell all of the units and/or the original development loan is due to be repaid – a bridging facility can clear potentially expensive development finance as well as releasing further cash
• Release equity quickly – often used by experienced property investors to take advantage of repossessions and wider market opportunities
• Heavy refurb – ideal when converting residential properties into flats
• Chain break – the classic scenario – which enables the chain to continue where a buyer pulls out . The seller can continue with the transaction and also allow some time to remarket his property
• Auction – an ideal way to ensure that the 28 day deadline is achieved
Bridging can be arranged on a regulated or non regulated basis and the risk can be spread over more than one property to ensure the cheapest rate is applicable and can help to reduce the deposit required.
It is a great time for brokers to partner with a specialist distributor so they can take advantage of this rewarding opportunity!
Refer
If you would like to pass the customer over to Impact Specialist Finance to handle, for example the case is too complex (Bridging/Over 55’s/Portfolios), you are going on holiday and they require an immediate solution or you don’t have the relevant permissions, we are able to accept referrals for regulated and non-regulated cases.
Call the impact helpdesk to find out more on 01403 272625.
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