Bridging the gap to success
BRIDGING FINANCE
At London Financial Growth Limited we can help secure a range of different bridging loans for purposes including (but not limited to):
-
Downsizing
-
Chain fixing
-
Property refurbishment
-
Property development
-
Debt consolidation
-
Auction purchases
-
Fast purchases
-
Refinancing cash purchase
-
Below market value (BMV) purchases
-
Business purposes
-
Uninhabitable and unmortgagable properties
-
Tax bills including VAT
any property considered
From perfect condition to needing a heavy refurbishment on any property type
Commercial mortgages, some buy to let mortgages and bridging finance are not regulated by the Financial Conduct Authority.
The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it.
Case Study 1
Unmortgagable Property
One client of ours bought a freehold house in London which was run down, with no working kitchen or bathroom. This made the property unmortgagable. The rental after the refurbishment would have been rather low for a buy-to-let mortgage at the value required due to being a London based property.
Because of this, we completed a refurbishment buy-to-let mortgage. This gave the client a bridging facility while the works were being completed and a buy-to-let mortgage on a 5 year fixed deal once the works were completed.
This allowed the client to renovate the property and get a mortgage with one set of fees, minimising costs and maximising the borrowing available to him.
Initial borrowing: £250,000 at 0.75%pcm
Works: £50,000
Mortgage: £300,000 at 3.19%
London Financial Growth Limited
07932949414
London Financial Growth Limited is an appointed representative of Fiducia Commercial Solutions LLP which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales under registered number OC395302. Registered office: Aura Business Centre, Manners Road, Newark, Nottinghamshire, NG24 1BS. Registered in England & Wales FCA No 682460
Please do find us on the Financial Services Register via the link below, simply search London Financial Growth Limited
Please do find us on the Companies House register via the link below, simply search London Financial Growth Limited