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Minimum term: 1 month

Maximum term: 18 months

Minimum loan: £100,000

Maximum loan: £3.5million

Rolled interest

First charge. 

First and second charge additional security.

• Applications only accepted on a non-regulated basis.
• Applications can be accepted for the purchase or remortgage of investment property. Refinancing of the borrowers existing or former residence is not permitted.
• 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 £1million: Maximum 75% LTV
• Over £1million: Maximum 70% 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.