Short Term
Property Finance

At Bridge the Gap, we arrange short-term finance for property transactions.

As your finance broker, we negotiate with lenders on your behalf to secure the best possible terms for your project.

Arranging finance for property projects can be time-consuming, and confusing. There are many lenders in the market offering attractive terms and rates, but not all of them can deliver on their promises.

We take the time to understand your project and funding requirement, and identify the best lender for you, leaving you to focus on the property itself.

Services

Bridging Finance

Development Finance

Special Situations

Lending

FAQs

The loan amount will be calculated as a percentage of the property value, with some lenders offering up to 80%, although this will usually result in a higher interest rate being charged.

Again, this will vary depending on the best lender for the project, but is likely to be circa 1% per month for standard bridging, with options to deduct the total interest payable from the advance, or service it monthly if income allows.

Some lenders will charge a modest administration fee to cover the cost of getting the loan approved.  Once you accept the loan terms, you will then be responsible for valuations fees, legal fees and an arrangement fee.  All fees will be confirmed at approval stage.  The lender is likely to charge an arrangement fee of around 2% which is usually shared with the introducing broker and paid, or deducted from the loan, at completion.

In most cases, a first legal charge on the property (or a second charge in some cases) will be required, together with a personal guarantee in the case of corporate borrowers.