These are typically used as a short term loan against a property with no cash deposit used towards the purchase of a property.

Key criteria includes:

• 100% Finance options
• You can borrow for up to 12 months
• Loans can start from £25,000 with interest rate charges starting from 0.48% per month. The interest can be rolled onto the loan amount
• Any security will be considered and all exit routes will be considered.
• It can be regulated or non-regulated

Although described as 100% bridging loan, you cannot borrow 100% of the market value of a property, but you can borrow up to 70-75%. The only way you can get up to 100% is if there was extra security provided. Again, on top of the interest rate charges, there will be a lender’s arrangement fee which is typically set at around 2%. In addition, an exit fee may also be charged. All in all it can take up to two weeks for a bridging loan to complete.