BRIDGING LOANS
Find out how they work, how much you can borrow, view case studies and get the free ultimate self-build guide.
What is Bridging Finance
Bridging loans are a form of fast, flexible, short-term lending, usually for 12 months or less. This can be used by individuals or businesses. The loan can be used to “bridge” the gap in your finances until either a long-term financing solution can be put in place or alternative funds are received from another source, for example the sale of a property.
We usually find most of our clients need bridging for, auction purchases, land purchases with no planning, chain break situations, property refurbishments or a fast property purchase.
A bridge loan uses the equity in property as security for a borrowing facility. Unlike other secured loans and mortgages, a bridge loan can be set up quickly and can make use of property that would normally be considered unsuitable security for many lenders.
We have access to bridging lenders in the UK. Typical key features of bridging are:
* Up to 75% Loan granted to the value of security
* Minimum loan size: £25,000
* No maximum loan size
* Minimum term – 1 month term
* Maximum term – 24 months term (12 months regulated)
* No upfront fees
* First and second charge
* No age restrictions and not based on income
* Product Availability in England, Wales & Scotland
* Straightforward, transparent & quick
Our Money Back Guarantee !
If you don’t feel we’ve delivered on value or service, we’ll refund any fees that have been charged by us…. PLUS we don’t charge any upfront fees.
If you’ve never worked with us, it’s just like buying a house without looking inside!
That’s why we provide a guarantee so you can work with us and experience what it’s like on the inside risk free.
If you’re not happy neither are we and we’ll refund any fees we may have charged when your mortgage completes.
Why Work With Mayflower For Your Bridging Loan?
We are family run business that place our clients at the heart of everything we do.
We’ll provide you with a FREE fully costed build report and quantified schedule Worth £1000.
We’ll Provide you with FREE photo realistic images of your finished project. Worth £700.
1-2-1 support from initial call to build completion.
Get instant Access to our Self Build Savers Solution. Our client discount scheme. Find out more below.
We have exclusive products only available through Mayflower.
Construction finance is all we do. What’s complex for others is our daily business.
We are a gold partner with NaCSBA and adhere to their code of practice.
We give you FREE access to industry leading procurement software, used by the tier 1 house builders. Get all your tendering done with a click of a mouse
All of our advisers are construction finance experts.
We aid with planning the cash flow forecast for your project.
You’ll be working with a firm that has a 5 star service rating
3 simple steps to get funding
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1. Sign up to our Self Build Savers Solution or book a free call with one of our self build experts
We will be able to explain the whole process today, how much you can borrow, how much it is likely to cost and ultimately if your project is feasible to fund.
When you sign up for our Self Build Savers Solution you’ll be sent an email explaining how to get instant access to all of the features.
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2. If you’re ready to move forward
We give you a decision in principle with lender backed terms. We take care of all the paper work and walk you through next steps.
If you’re not moving forward with a mortgage you can still access our Self Build Savers Solution.
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3. We submit your application
We wont just place your case. You’ll have your dedicated self build expert with you until build completion.