We’re a leading provider of specialist mortgages and property finance, helping homeowners, landlords and property investors meet their financial goals. From the straightforward to the complex, we treat each case purely on its merits.
Bridging finance is a form of short-term borrowing, designed to help property owners “bridge” a temporary finance gap in a wide range of situations. The interest rates that apply reflect the short-term nature of this type of arrangement
From first-time home buyers through to seasoned buy-to-let investors, borrowers of all shapes have very similar expectations of their brokers: they want to navigate the lending market, pinpoint the best deals, and access funds with a minimum of hassle.
We are delighted to announce record figures for November 2019 – having lent over £100m through the month, with strong performance from all product lines including bridging, development finance, Second Charge mortgages and specialist Buy-to-Let (BTL) mortgages.
From repairing broken property chains through to funding workspace expansion, bridging loans can be useful ways to raise finance in a wide range of situations. From part-time landlords and renovation specialists to company directors, partners and sole traders, this versatile form of short-term borrowing can be beneficial even in the trickiest scenarios.
In August 2012, a UK property development company borrowed £1,000,000 from a mainstream lender to purchase a mews house in Fulham, West London and convert it into two new flats. The company had 12 months to repay the loan within which time it expected to convert, fully refurbish and sell the properties. After 10 months, the flats were completed, valued together at £1,750,000 and placed on the market with an estate agent for sale.
An experienced property developer in Richmond successfully won an auction bid to purchase a mixed use property in the area and convert it into fully residential use. The client agreed to purchase the property for £3,000,000 and under the terms of the contract had just under two months to complete the acquisition.
When buy-to-let opportunities arise, investors frequently need access to a fast, reliable source of finance to secure the purchase. What’s more, to qualify for mortgage lending, and to help attract their first tenants, new buyers may also need funds for essential property improvements.
West One, the largest privately-funded bridging lender in the UK, has stepped in to fund a loan of almost £1M on a highly unusual property construction after the borrower was let down at the last minute by another lender.