So who would be your best bridging loan provider, this would really depend on what your situation is and what you are looking to achieve from your bridging loan provider, the fact is that there are over 80 bridging lenders in the UK and each of them has different lending criteria, based on the type of property you will be offering as a security for the loan, some bridging loan providers prefer just residential properties to lend against whilst others will look at commercial properties and even land with or without planning permission.
The other thing that effects who will be your best provider would be the type of bridging loan is regulated or non-regulated, an FCA regulated bridging loan is a loan that will be made against a property that the borrower will be moving into.
Also, the loan to value that you are looking for could affect the best loan that is on offer to you, up to 60% loan to value would attract the best interest rates, whilst loans do go up to 75% and even 100% loan to value if you have additional security to offer the lender, however the best interest rates on offer would not apply to these higher loan to value loans.
The location of the property that you intend to offer for security can also affect whether the best loan rates will be on offer, with lenders preferring solid residential locations with a track record of previous sales.
Who would be my Best Bridging loan provider?
The answer to this question is not as easy as it sounds it really depends on so many factors that the only way to find out is to call us for a quick chat, we will go through the details of your requirement and then look to offer a solution that best fits your current circumstances, you can use our web form or give us a quick call on the number below we are here to take your call any time of the day seven days per week.
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