Bridging Criteria Search

Minimum term:

• 1 month.

Maximum term:

• Regulated – 12 months.
• Non-regulated – 18 months.

Minimum loan: £100,000

Maximum loan: £10million

Rolled interest

First charge. 

First and second charge additional security.

• Regulated applications can be accepted for the purchase or remortgage of owner-occupier residential property.
• Non-regulated applications can be accepted for the purchase or remortgage of investment property.
• Basement digs are not accepted.

Maximum LTV is dependent on both the loan purpose and loan size

Loan purpose: LTV is based on the Open Market Value and is inclusive of all fees and interest

• Standard bridging: Maximum 75% LTV
• Light refurbishment: Maximum 75% LTV
• Heavy refurbishment: Maximum 70% LTV

Loan size: LTV is based on the lower of purchase price or Open Market Value

• Up to and including £1million: Maximum 75% LTV
• £1million to £3.5million: Maximum 70% LTV
• £3.5million to £10million: Maximum 65% LTV

The following exit routes are considered acceptable:

• Refinance – through long-term remortgages or alternative funding
• Sale of security – evidence of comparable sales required with a timescale in line with the loan term
• Sale of other assets – evidence required to ensure this is feasible.