What our Customers say about us
Why use The Money Hub
Our long-standing relationships with specialist short-term lenders mean that when we approach them on your behalf, we get results.
Some of the lenders we use…
Who do we help?
If you’ve spotted a residential or commercial opportunity that requires a short-term injection of funds, we may be able to help.
What is a bridging loan?
A bridging loan is a form of short-term finance. Bridging loans can provide funds when financing is needed quickly and can be secured against properties where traditional mainstream lending is not possible. Residential & Commercial bridging loans are typically used for commercial projects with the aim to generate profits. Once any renovations/conversions are done people typically either sell or refinance the property with a mortgage to pay off the bridging loan.
What can I use a commercial bridging loan for?
At the Money Hub we help companies and individuals secure financing for a range of commercial projects. These include buying residential and commercial properties for renovation or redevelopment, funding redevelopment of properties already owned by the borrower or paying for the purchase of land with existing planning permission.
About The Money Hub
We are a 10 year old family run business, helping businesses and private individuals with financial products such as loans, mortgages and remortgages.
Our one-to-one expert service means that we always take your circumstances into account. We ensure you are matched with the right lender, meaning you get the right deal available for you.
Don’t just take our word for it; with hundreds of 5-star customer reviews, see how we can help you today.
Call 0204 587 1901 To Speak To An Expert
Lines Open: Mon-Thu: 9am – 6pm, Fri: 9am – 5pm
Alternatively request a call back at a time convenient to you.
FAQs
How much can I borrow?
The lenders we work with can provide residential and commercial bridging loans of between £50,000 & £50 million. The most common loan-to-value (LTV) is 75%, but in some circumstances we may be able to secure 100% LTV when additional security can be used.
How long will it take?
Our team knows that speed is of the essence when it comes to grabbing property deal opportunities, that’s why we can get a decision to you in as little as 24 hours, and in no more than 48. You’re funding will typically take place within 28 days although we have had finance deals complete quicker!
How long will I have to pay it back?
Residential & Commercial bridging loan terms can be as short as one month and up to 3 years.
What is a closed bridging loan?
We only work with closed bridging loans, which are bridging loans with a clear exit strategy, In short, when you arrange a bridging loan through The Money Hub, you know exactly how you’ll pay it back -typically this is sale of the asset or refinance with a suitable Buy to let mortgage.
Can I use a bridging loan on a mortgaged property?
Yes, you can take out a bridging loan on a mortgaged property; e.g. for refurbishment, change of use, upgrades, or to raise capital for other requirements. Depending on what your goal is, a bridging loan could replace your existing mortgage or sit as 2nd charge on the property.
What about leasehold properties or short term leases?
Yes, you can take out a bridging loan on leasehold properties. If the property has a short lease in place, such as 60 years left, bridging loans can help you secure the finance to purchase this.
Can I use a bridging loan for land purchases?
We can help you here. Land with planning permission is an ideal use of a bridging loan or for what we call ‘ground up development’, we use a facility called development finance. Land without planning permission usually has LTV (loan to value) capped at 50%.