The Development Finance Bank can help Developers with short term finance requirements, we can arrange Bridging Loans allowing you to immediately take advantage of a purchase opportunity.
We can offer Bridging Finance to developers looking to purchase to refurbish and sell or buy at auction, our funding is short term and secured on a first or second charge basis.
Please note this is not a regulated mortgage product.
Bridging loans can give you a stronger negotiating position when buying property, enabling you to buy without a contingency on the sale of your existing property or other assets. The Development Finance Bank can fund bridging loans from £150,000 - £3 million on a first or second charge basis.
Bridging Finance loan to value (LTV) is 70% - 75% against the market value of the property.
100% LTV is possible if additional security is available and is acceptable security.