Get your residential bridge loan fast
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YOUR HOME OR CAPITAL IS AT RISK IF YOU DO NOT KEEP TO THE TERMS OF YOUR AGREEMENT
Why use The Money Hub
We get quick results for people like you thanks to our expertise and our outstanding relationships with short-term lenders.
Some of the lenders we use…
Who do we help?
If you’ve spotted a residential home that requires a short-term loan to complete the purchase, we may be able to help. We’ve helped hundreds of prospective buyers like you move quickly with the benefit of bridging home loans.
What is a home bridging loan?
Bridge loans for homes are a form of short-term finance, typically repaid over 12 months for regulated loans (for your personal use) or 6 to 18 months for non-regulated loans. Residential bridging loans can provide funds when financing is needed quickly and can be secured against properties where traditional mainstream lending is not possible. Residential non status bridging loans refer to short-term loans where the residential bridge loan lender is focussed on the value of the asset, i.e. the property and the exit strategy rather than the client’s credit profile
Taking out a bridging loan to buy a new home
These are regulated loans; therefore, comprehensive advice will be needed. We can offer this at The Money Hub. These types of bridge loans for home purchase are for terms of up to 12 months and have no early redemption fees. Rates start from 0.55%pm up to 75% Loan to Value.
A typical example of this is as follows: Borrow £100,000 on a property valued at £350,000. Rate 0.55%pm and the monthly payments are added into the loan. Total repayable at the end of 12 months is £110,987. No early repayment charges apply.
Taking out a bridging loan to invest and develop properties.
If you are considering a bridging loan in order to buy a property to develop, then these are unregulated. We can still help you with this type of bridging loan for residential real estate at the Money Hub. Rates start from 0.45%pm up to 75% Loan to Value. Where additional security is being used, we could raise up to 100%.
How do residential bridging loans UK work?
When you take out a bridging finance home loan, you borrow the amount that you need for your home purchase. In addition, interest and the main associated fees are typically also factored into the loan amount. At the end of the term of the loan, you repay the entire amount back. You will need to demonstrate that you have a plan in place to repay the full amount, known as an exit strategy. You may be able to make this repayment earlier, depending on the exact terms of your loan.
About The Money Hub
Our family-run business has spent more than a decade helping individuals and businesses secure financial products such as bridging loans, development finance, commercial, residential and Buy to let mortgages.
We provide a one-to-one expert service that focuses on your individual circumstances. You won’t find a ‘one size fits all’ attitude at The Money Hub. This lets us match you with the most appropriate lender, meaning every client gets the right deal for them.
Luckily you don’t just have to rely on our word for the excellence of our services. Hundreds of 5-star reviews are testament to our commitment to do the best for every single client.
Call 0204 587 1901 To Speak To An Expert
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Residential Bridge Loans FAQs
How quickly will I get a decision?
Our goal is to give you a decision in principle in as little as 6 hours. As long as you provide the correct documentation, you won’t wait longer than 48 hours.
How soon can I access the funds?
For non-regulated loans Your approved residential bridging loan funds can be with you as soon as 48 hours after your application has been approved providing all the required legal work has been completed. For regulated bridging loans these could be as quick as a couple of weeks.
How much can I borrow?
We handle residential bridging loans for amounts between £150,000 and £3 million.
What interest rate will I pay?
Interest rates on bridging loans to buy a house start from around 0.55%pm for FCA regulated residential bridge loans (see above illustration example). This is typically where there is 40% equity/deposit in the property.
When will I need to pay my residential bridging loan back?
You will need to pay your regulated loan (for personal use) back after 12 months. For non-regulated loans terms are between 6 to 18 months.