Residential Bridging Loans

residential bridging loan

Is Residential Bridge Loan Right for Me?

Residential bridging loans are usually taken when we have a short-term funding requirement in our residential development. It is designed to complete the development of the existing property or for its refurbishment works. It fills the gap that is yet to complete, mostly the residential property-related debts. So, we can say it as a short-term loan for urgent circumstances. In today’s world, people face issues in residential property purchase, investment, buy-to-let and development. And, we know the private banks take a longer time to process a short-term loan application. The banks have grown more and they disincline to disburse money in the form of a loan, on the face of the financial crisis.

 

Keeping such things in mind, the Ralph Property Finance is offering an influx of Residential bridging loans to help people to complete their short-term access to money. This way, we help to bridge the financial gaps of the people for their growing residential development needs. We offer residential bridging loans as an alternative to mainstream lending to both one-man and residential estate agents. This loan is also for the wealthy or property-rich borrowers for building a new residential property (within their area).

 

GET IN TOUCH TO GET A FAST BRIDGING LOAN

CALL US – 0161 649 2008 OR EMAIL: info@ralphpropertyfinance.co.uk

Our Team is on hand to answer all of your questions

Contact us for a call back

Bridging loan can be beneficial for

  • Fast short term finance
  • Lease extensions and freehold purchases
  • Property development
  • Auction purchases
  • Repossessions stopped
  • Buying under value from an LPA Receiver
  • Building an uninhabitable property
  • Unexpected taxes liability
  • You want a loan based on the value
  • When standard credit is refused
  • You want no monthly payments

Bridging loan can be beneficial for

  • Fast short term finance
  • Lease extensions and freehold purchases
  • Property development
  • Auction purchases
  • Repossessions stopped
  • Buying under value from an LPA Receiver
  • Building an uninhabitable property
  • Unexpected taxes liability
  • You want a loan based on the value
  • When standard credit is refused
  • You want no monthly payments

 

Our Criteria

With no credit checks and market-leading rates, we can provide bridging finance fast

 

  • No credit checks or bank statements. – No credit checks or bank statements but clean credit history required.
  • 1st and 2nd charge loans available
  • Up to 80% LTV for residential
  • Option to have no monthly payments
  • No proof of income, depending on transaction
  • Option to deduct interest from loan
  • Competitive rates starting from 0.5%
  • Loans to individuals, LLP’s or limited companies

 

  • Loans based on RICS Market Valuation
  • Terms from 6-36 months
  • Loans from £40k to £5m
  • Discharged Bankrupts Welcome
  • Decisions within 48 hours
  • England
  • No set criteria
  • 100% loan to purchase up to 70% OMV (additional security may be required)

Bridging Loan FAQ’s

Q1) WHO CAN APPLY?

Anyone over age of 18 who is looking to buy a property

Q2) DO YOU ONLY LEND ON SPECIFIC TYPES OF PROPERTIES?

No, we will consider all types of properties as security

Q3) IS THERE ANY EMPLOYMENT CRITERIA FOR THE BORROWER?

No specific criteria, however borrower would have to demonstrate affordability

Q4) HOW LONG CAN A BRIDGING LOAN BE TAKEN OUT FOR?

It can be taken out for a minimum of 6 months and maximum of 36 months

Q5) HOW MUCH CAN BE BORROWED?

Anything up to £5 million

Q6) HOW LONG DOES IT TAKE FOR A CLIENT TO RECEIVE FUNDS?

Decision in principle within 48 hours, after which it depends on how quickly your Solicitor can act

Q7) WHEN WILL MY CLIENT FIND OUT IF THEIR APPLICATION HAS BEEN SUCCESSFUL?

We provide a decision in principle within days

Q8) ARE THERE ANY UPFRONT FEES?

No fees are payable until an offer is accepted.

Areas We Covered

Greater Manchester

We provide Residential bridging loans as a financial solution to the residents of Greater Manchester. It helps them to build a better property.

Bolton

We help to avail Residential bridging loans for the Bolton natives to match with their property development needs.

Rochdale

Our Residential bridging loans will help to expand the homes of Rochdale natives. It will also take care of the financial solutions that are needed for the residential refurbishments.  

Oldham

Our Residential bridging loans can be used for property renovations and developments of Oldham.

Ashton

We understand the financial gaps of the Ashton natives. We offer Residential bridging loans to help them for their residential development needs and give them all possible financial solutions.  

Hyde

With the Residential bridging loan, it is easier for the Hyde people to purchase, renovate or refurbish a property.

Denton

In Denton, it is difficult to move forward with the residential development needs. We help to expand the homes of the natives by offering Residential bridging loans.

Tameside

Our Residential bridging loan will help you as the best financial option for all your property development needs in Tameside.

Cheshire

We want every need for the residential development could complete in Chesire. For that, we are offering a Residential bridging loan with a minimal application process.

 Stockport

With the Residential bridging loan, the residential owners of Stockport can grow and expand their homes.

Wigan

Our Residential Bridging Loan can be used to refurbish/renovate a property in Wigan before the full funding is available. Later on, when you have the funds, repay it or pay according to the tenure.  

Leigh

We avail the Residential bridging Loan for the people of Leigh with minimal formalities and to a maximum amount. This way, all their residential development needs will complete.

Salford

We ensure to avail the best & cheapest possible loan for the people of Salford for their Residential property development requirements.

Trafford

We help the natives of Trafford with all sorts of finance needs for their residential property development. We bridge those financial needs by availing them a Residential bridging loan.  

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