Bridging Loans
A bridging loan is very convenient if you need to borrow money for a short period. They're ideal for purchasing a property while you're waiting to sell another and can help to bridge the gap without breaking the chain. Bridging loans can also be used if you buy a property at auction, where you’ll need the money immediately but may not have sold your current property yet. Traditionally, bridging loans are often used by landlords and property developers. Popularity has increased with private homeowners in recent years as they're such as quick and simple transaction.
- 100% LTV available with additional security
- Rates available from 0.45% per month
- Arrangement fees between 1.5% to 2% charged on acceptance of terms
- Terms range from 1 to 24 months
- 1st and 2nd legal charge over property residential & commercial properties
- Can be used for business borrowing
Bridging loan Broker in UK:
- Short-Term Financing: Bridging loans provide a temporary source of funding, allowing you to access capital quickly for a limited period. They are an ideal solution when timing is critical, such as when purchasing a new property before selling an existing one.
- Chain Break Solutions: If you’re in a property chain and need to complete a purchase before selling your current property, a bridging loan can help bridge the financial gap. It ensures a smooth transition between properties without disrupting the chain.
- Auction Purchases: Bridging loans are also commonly used when purchasing properties at auctions. In auction scenarios, immediate funding is required to secure the property, even if your current property has not been sold yet. A bridging loan can provide the necessary funds to complete the purchase.
- Suitable for Property Developers: Property developers often rely on bridging loans to finance projects efficiently. They can cover costs like purchasing land or property, covering renovation expenses, or bridging the financing gap until long-term funding is secured.
- 100% Loan to Value (LTV) with Additional Security: Depending on the circumstances and available collateral, bridging loans may offer a Loan to Value ratio of 100%, meaning the loan can cover the full purchase price. Additional security, such as other assets or properties, may be required to achieve this higher LTV.
- Competitive Interest Rates: Interest rates for bridging loans can vary depending on the lender and individual circumstances. Rates typically start from 0.45% per month, making them an accessible financing option for short-term needs.
- Arrangement Fees: Upon acceptance of the loan terms, an arrangement fee is charged. The fee generally falls within the range of 1.5% to 2% of the loan amount. It covers administrative and processing costs associated with setting up the bridging loan.
- Flexible Loan Terms: Bridging loans offer a range of term options, typically ranging from 1 to 24 months. This flexibility allows you to tailor the loan duration to your specific requirements, ensuring that the funds are available for the necessary period.
- Legal Charges: Bridging loans require legal charges over the property used as collateral. These charges ensure that the lender has a legal claim on the property in case of default. Both residential and commercial properties can be considered as security for bridging loans.
- Business Borrowing: Bridging loans can be utilized for business purposes, providing a flexible financing solution for various commercial needs. Whether it’s covering working capital requirements, funding business expansions, or financing time-sensitive projects, bridging loans can offer the necessary capital quickly.
At Alpha Capital, we understand the unique challenges and time-sensitive nature of bridging loans. Our team of experts will work closely with you to assess your specific circumstances and guide you through the process. With competitive rates, flexible terms, and a commitment to efficiency, we strive to provide the most suitable bridging loan solutions to help you bridge the gap and achieve your property or business goals.
What is a bridging loan?
Bridging loans are short term secured loans used to “bridge” the gap between a purchase and a sale. They’re a flexible solution to a wide range of financing applications. As a bridging loan broker, we will individually negotiate your loan to make sure it’s tailored to your requirements. We’re well-versed at brokering loans quickly and efficiently with as little hassle as possible.
Is a bridging loan right for you?
Wondering if you need the advice bridging loan company? Our support is applicable to a variety of situations. A bridging loan may be appropriate if….
You want to move or downsize while trying to sell a property
A buyer has dropped out of a deal
You’re looking to convert, refurbish or develop a property
You’re buying land for development
You’re purchasing at an auction where deadlines are tight
You need short term funding
You need a lease extension
If you’re interested in a bridging loan (London or elsewhere in the UK) please get in touch.
Best Bridging loan Broker:
Determining whether a bridging loan is the right solution for your specific needs can be a crucial decision. Here are some situations where a bridging loan may be appropriate:
- Moving or Downsizing: If you’re looking to move or downsize to a new property while simultaneously trying to sell your existing one, a bridging loan can provide the necessary funds to facilitate the transition smoothly.
- Deal Fallout: In the event that a buyer unexpectedly drops out of a property deal, a bridging loan can help cover the gap in financing, allowing you to proceed with the transaction or explore alternative options.
- Property Conversion, Refurbishment, or Development: If you’re embarking on a project to convert, refurbish, or develop a property, a bridging loan can offer short-term financing to cover construction costs, purchase materials, or address other project-related expenses.
- Land Acquisition: If you’re purchasing land with the intention of developing it, a bridging loan can provide the necessary capital to acquire the property quickly, especially when deadlines are tight.
- Auction Purchases: When participating in property auctions, time constraints often require immediate funding. A bridging loan can ensure that you have the necessary finances to secure the property swiftly, even if you have not yet sold your current property.
- Short-Term Funding: If you require short-term financing for any purpose, whether it’s to address temporary cash flow issues, take advantage of a time-sensitive opportunity, or meet urgent financial requirements, a bridging loan can offer a viable solution.
- Lease Extension: If you’re seeking a lease extension on a property, a bridging loan can provide the necessary funds to facilitate the process while allowing you to negotiate favorable terms.
At Alpha Capital, we offer bridging loans throughout the UK, including London. Our expert team is ready to provide guidance and support based on your specific circumstances. If you’re interested in exploring the possibilities of a bridging loan, please don’t hesitate to get in touch with us. We are committed to helping you find the right financing solution for your needs.
Why to choose Alpha capital?
There are several compelling reasons to choose Alpha Capital as your preferred bridging loan provider. Here’s why we stand out from the competition:
- Expertise and Experience: Alpha Capital boasts a team of seasoned professionals with extensive experience in the finance industry. Our experts possess in-depth knowledge of bridging loans and understand the complexities involved in various financing scenarios. With our expertise, we can provide tailored solutions that align with your specific requirements.
- Tailored Loan Solutions: We believe in the power of customization. At Alpha Capital, we take the time to understand your unique situation, financial goals, and borrowing needs. We then craft personalized loan solutions that address your specific requirements, ensuring that you receive the most suitable financing option available.
- Comprehensive Lender Network: As a reputable lending institution, Alpha Capital has established strong relationships with a diverse panel of lenders. This extensive network allows us to access a wide range of loan options, ensuring that we can find the best terms, rates, and conditions that fit your circumstances. We do the legwork for you, saving you time and effort.
- Competitive Rates and Terms: We understand the importance of affordability. At Alpha Capital, we strive to provide competitive interest rates and favorable loan terms to our clients. Our team negotiates with lenders on your behalf to secure the most favorable rates and terms available, ensuring that you receive a loan that suits your budget and financial objectives.
- Transparent and Honest Approach: Transparency and honesty are fundamental values at Alpha Capital. We believe in fostering trust with our clients by providing clear, transparent information about our loan products, interest rates, fees, and any associated costs. We ensure that you have a complete understanding of the terms and conditions of your loan before making any commitments.
- Streamlined Application Process: We value your time and aim to make the loan application process as efficient and straightforward as possible. Our user-friendly online application platform allows you to conveniently submit your loan request, eliminating unnecessary paperwork and saving you valuable time. Our dedicated team works diligently to process your application promptly, providing a quick turnaround time.
- Excellent Customer Service: At Alpha Capital, we prioritize exceptional customer service. Our dedicated support team is readily available to answer your questions, provide guidance, and address any concerns you may have throughout the loan process. We strive to ensure that you feel supported and informed at every stage, creating a positive and stress-free experience.
- Commitment to Confidentiality: We understand the importance of confidentiality when it comes to financial matters. Rest assured that your personal and financial information is treated with the utmost care and confidentiality. We have robust security measures in place to protect your data and ensure your privacy.
- Long-Term Relationships: At Alpha Capital, we value long-term relationships with our clients. We are committed to being your trusted financial partner, not just for your current bridging loan needs, but also for any future financing requirements you may have. We are dedicated to supporting your ongoing success and growth.
Choosing Alpha Capital means choosing a reliable, experienced, and customer-centric bridging loan provider. We go above and beyond to deliver tailored solutions, competitive rates, transparent processes, and exceptional customer service. Trust us to be your partner in achieving your financial goals and making your borrowing experience seamless and successful.
Alpha Capital is a Commercial Finance Broker and not a Lender.
Alpha Capital is trading style of Alpha Capital & Debt Advisory Services Ltd, Company Number: 12557280.
Alpha Capital and Debt Advisory Services Ltd is authorised and regulated by the Financial Conduct Authority. Our FCA number is 988370 and this can be checked by visiting www.fca.org.uk/register. Our registered address is Unit 3, 1st Floor, 6-7 St. Mary At Hill, London, EC3R 8EE. Company number 12557280.
We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.’