Bridging loans

A bridging loan provides funds in advance of monies due at a definitive or estimated time. Interest rates tend to reflect risk on the part of the lender and therefore are higher if there is an “open ended”, or indefinite, repayment period/vehicle. Generally, regular repayments are not required to be made by the borrower as interest accrues monthly on the original capital amount borrowed.

The most common requirement for a bridging loan is where a home-mover wishes to purchase a new property prior to the sale of their existing house.

Bridging loans can however be available for many purposes, subject to the confirmation of the means of repayment within a reasonably short term, normally a maximum of 12 months.

We can identify the most suitable bridging loan to suit your circumstances.

Decisions are normally achieved within 24 hours and application procedures are fairly simple.

Please complete our no obligation, fee free, Enquiry Form or E Mail info@berkeleyconsultants.co.uk or telephone on 0208 994 2021

The FSA do not regulate some forms of Bridging Loans.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage Fee Options

No fee, we will be paid commission from the lender or a fee of 1% of the loan plus an administration fee of £195 payable at the outset or a combination of a £500 fee (£195 administration fee plus £305 arrangement fee) and commission from the lender

You will receive a key facts illustration which will tell you about any fees relating to a particular mortgage.