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Are you aware of the full range of opportunities Bridging Finance can offer?

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 Finance – an ideal way to ensure that the 28 day deadline is achieved

Two recent lender case studies:

Help pay for school fees

• Loan £250k loan for the applicant involved providing a net facility of £250,000 secured on an unencumbered house worth £7,500,000
• Due to the low LTV the lender proceeded without any valuation. Instead they asked a local valuer to confirm the value of the property together with rental income
• Loan was used to pay advanced private school fees for customers 4 children
• Exit was a re-finance 

Help purchase HMO

• The loan provided a net facility of £100,000 to complete on the purchase of a 6 bed HMO which they secured at auction for £245,000
• The borrowers had approached another lender but due to COVID they withdrew and hence approached us for a facility
• An AVM was undertaken on the property which passed and enabled our lender to proceed to completion
• Exit was a re-finance

 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 to partner with a specialist packager/distributor so you can take advantage of this rewarding opportunity!

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Download our Specialist Lending Update from the impact packaging lender panel. This quick reference guide will give you the most recent updates from our lender partners on products, valuations, lending issues and mortgage payment holidays. This will be updated real-time on the  impact packaging website.

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. You will still get paid and the customer will always remain yours!

To speak to one of our team to find out more, call us on 01403 272625