Bridging Loans in Hull & East Yorkshire | Fast Local Service!

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Bridging Loans

Are you tired of searching through the financial maze to find a great bridging loan ?

We can offer a wide choice of bridging loans from high street banks, building societies and finance companies. We also provide our own bridging loan facilities. Our loans are very straightforward to arrange and we do not charge any up-front fees to arrange your loan.

We understand that more often than not speed is of the essence with a bridging loan. Usually we can arrange a bridging loan in under two weeks however in certain cases we can complete an urgent case in under three days.

We are a local company with offices in Hull & London, we can offer you a personal service to ensure that your bridging loan is completed as quickly as possible. Be assured that you will receive the best bridging loan product available, that’s why we have been in business for over 60 years.

The benefits of bridging loans:

Considerably quicker to arrange than conventional mortgage finance
Perfect for a wide range of business & personal use
Can be used as a solution to exchange contracts quickly (eg for auction purchases)
Can be secured against residential or commercial property. Land can also be considered.

Call us to discuss your requirements on 01482 322979 or enquire online.

Loans available from £10000 - £1,000,000
No repayments for 6 months
Monthly rates start from 1.25%
No up-front fees payable
LTV up to 75% of open market value / purchase price
Plans available with low exit fees
Plans available for employed & self-employed applicants
Home visits available on request
Loans can be used for any purpose
Plans available to accommodate a poor credit history

Call us on 01482 322979 or submit an online equiry and we will be happy to assist with your enquiry.

For full details see our frequently asked questions

Bridging Loans - FAQs

How quickly can my bridging loan be arranged ?

Usually it takes between 1 and 2 weeks to arrange your bridging loan however in certain circumstances we can complete a facility in as little as 3 days.

Will my credit history affect my ability to get an unsecured loan ?

We offer a wide range of bridging loan products that cater for applicants with anything from a perfect credit rating to applicants who have had previous credit problems including defaults, CCJ’s or mortgage arrears. Contact the office or apply online for a decision on your loan.

Can I use my loan for any purpose ?

Once your loan has completed you can use the proceeds for any legal purpose. The most common uses of a bridging loan are to raise funds to purchase property quickly usually for auction purchases or other time-critical business finance requirements. Many of our clients do however use a bridging loan to clear other credit commitments whilst their property is on the market to reduce monthly outgoings. Contact the office for full details or apply online

Will I be charged large penalties to pay my loan off ?

Our bridging loan contracts usually have a minimum term of 3 months however after this time most of our loans have only a one month interest charge to pay at the exit of your loan. Please see your individual loan agreement for full details prior to completion.

How long can I take my loan over ?

The minimum interest charge is usually 3 months however you can redeem your loan earlier than this subject to payment of the minimum interest charge. The longest term is 12 months.

Can I allow the interest to be added to the loan or do I have to make monthly payments ?

Usually we can allow your interest to ‘roll-up’ and be paid at the end of the contract. This ensures minimum monthly outgoings until your loan is repaid. Please check your loan agreement prior to completion.

Who can apply for a bridging loan ?

There is no minimum or maximum age to apply for a bridging loan. Applicants must own a suitable residential or commercial property as security. You do not need to be employed to qualify. We can consider applicants who are employed, self employed, retired or not working.

How quickly will I receive a decision on my application ?

Once we have received your application you will receive an in-principle decision usually the same day. If your application is submitted during the weekend you will usually receive a decision the following Monday by telephone or e-mail.

I am self employed but I don’t have an accountant, can you help me ?

We have plans to suit all applicants including self employed applicants. We are able to complete many applications without the need for any accountants references etc. Contact the office for full details or enquire online.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.