bridging finance specialists ...

FAST BRIDGING FINANCE AT MARKET LEADING RATES

We provide Bridging Loans from £10,000 to £25 million
Our rates are the most competitive in the market starting at just 8.4% per annum ( 0.75 % per month )

Timing is everything and if you need to quickly secure short term bridging finance then we can help you for both business and residential purposes. We are the UK's Bridging Finance specialists lending both our own and partner funds and we will provide you a fast and responsive service to any short term finance need. We will customise a solution to your exact requirements and you will be surprised just how straightforward the process is and how quickly funds can be advanced.

TO DISCUSS YOUR REQUIREMENT CALL us on 0845 838 1954 submit an application or request we call you back.

FAQ's

How Bridging Finance Works:

Short term loans or flexible 'Bridging finance' is secured via a legal charge on freehold and long leasehold property on either a first or second charge basis. Loans can also be secured on land, development sites or other personal assets such as Jewellery, Executive Cars and Works of Art etc. A first legal charge would be taken where no other borrowing is secured on the property or asset offered as security and a second charge taken where an existing lender is in place and has provided a mortgage over the asset.

Open and Closed Bridging Finance:

An 'open' bridging loan is a loan where the exit or repayment method is known but not yet fully formalised, for example the sale of a property which is currently being marketed. A 'closed' bridging loan is a loan where the exit or repayment method is known and is fully finalised. Taking the same example the sale of a property where an exchange of contracts has already taken place. With all Bridging Loans it is vitally important that the means of repaying the loan often referred to as ' the exit strategy ' is viable , fully understood and agreed at the outset.

Costs Involved in setting up Bridging Finance :

Valuations:

In most cases it will be necessary for the borrower to pay for an independent valuation report on the asset(s) being offered as security. Costs for the report will vary dependent on the type of security offered but , as a guide for property valuations, you should budget £1.50 to £2 per £1,000 of the property value.

Legal Fees:

The borrower will also be required to pay the legal fees associated with setting up the loan and again these vary dependent on the type and value of the security and the number of properties / assets involved. Smaller transactions can often be completed without the need for solicitor involvement but as a guide for larger loans you should budget circa £500.

Set Up Fees and Interest Rates:

Fees to set up the loan will generally be in the range 1% to 2% of the loan amount requested and interest rates start from just 8.4% per annum. The interest rate offered will generally be geared to type and value of security offered and the ' Loan To Asset Value' (LTV ) ratio. Short Term Loans secured on non-property assets such as cars and jewellery will be charged at a significantly higher rate due to the risk profile.

No Hidden Costs - In all cases when White Rose Finance offer you terms for a Bridging Loan we will clearly and transparently set out all the costs associated with the loan you require. We adhere to the strict and high ethical standards adopted by the NACFB and Treating Customers Fairly is integral to everything we do.

What Can a Bridging Loan be Used For :

We offer Bridging Finance for any legitimate purpose including but not limited to the following:

Finance for Commercial and Residential Property or Land / Development Site Purchase
Take full advantage of property market opportunities offered at 'Below Market Value'
Finance for Property Auction Sales
Acquire property deemed 'Unmortgageable' in its current state.
Finance for Property Refurbishments or to complete a project if you have run out of funds.
Finance to pay VAT , Personal Tax Bills and other creditor demands.
Finance to Stop a Re-Possession of a Property.
Short term funding for Business Working Capital or Stock Purchase to fulfil a confirmed order.
Bridging Finance for Employed & Self-Employed Applicants and generally with no proof of income required.
Bridging Loans for shorter term New Build Property Development projects.

Key Service Benefits Provided by The White Rose Bridging Finance Team:

Residential Bridging Loans offered from £10,000 to £10 million
Commercial Bridging Loans from £50,000 to £25 million
1 day to 24 month loan terms with daily interest rate calculations.
Highly competitive interest rates starting from just 8.4 % per annum.
Interest Accrual ('roll up') may be possible during the term of the loan .
Loan to value (LTV) up to 75% of the security value based on an open market basis.
Additional Funds Advanced if other security is made available.
Short term ' Purchase and Re-Mortgage' Buy To Let facilities provided for 'closed' bridging loans.
Bridging Finance for Property Development / Refurbishment Projects - Initial Advance followed by stage payments for the development works.
Immediate lending decisions and Funds Advanced Rapidly.
Property Valuations and Legal Support promptly arranged via our office if required.
We provide you a Fully Managed Service with regular ( daily / hourly) progress updates as appropriate.
Short term 'Mortgage Gap' loans specifically designed for home movers / down sizers / clients emigrating etc.

For more details of the unique 'Mortgage GAP' Home Mover Bridging Loan product - click here.

A Fully Managed Service :

Our finance team will handle the entire process on your behalf and ensure this is as Simple and Straightforward as possible. We appoint an experienced Case Manager who will oversee all aspects of the loan process and provide you regular progress updates.

Call us now on 0845 838 1954. Office open daily from 09.00 am to 6.00 pm. In emergency situations, weekends and out of office hours please call 07730 065192 ( leave a message if necessary - we appreciate your call and value your business).

Decision timescales:

Call us today or submit an application and we will normally be able to give you an Immediate Decision In Principle and can deliver funds quickly and often within a matter days.

Bridging Finance