Bridging Finance

Bridging Finance

What is Bridging?

Bridging finance is a short term solution that can provide fast access to funding and which can be used for a number of different circumstances.

Bridging finance can often be much quicker to arrange than a normal mortgage. However, bridging finance should not be considered a replacement for more traditional mortgage lending which is normally more cost-efficient.

Bridging finance can be a complicated process and each case is written on a bespoke basis according to the requirements of each individual transaction.

Refurbishment Loans

Chain Break

Auction Finance

Development Finance

Refurbishment Loans

Refurbishment loans can be used for almost any level of improvements you wish to make to your properties, from putting in a new kitchen to adding a full extension or even converting the property entirely.

The type of refurbishment loan and product recommended will depend very much on the individual project. Considerations, such as nature of works, the experience of similar projects, cost of works, planning requirements, gross development value and exit strategy all need to be taken into account.

With some refurbishment loans, the loan can be converted to a term Buy to Let loan, using the same underwriter, valuer and lender.

How can impact help you

We can advise on all aspects of - interest rates, rental calculations, repayment types, terms and conditions, and legal considerations such as stamp duty. We also have access to exclusive products to help you get on the first rung of the Buy to Let ladder, or if this your first purchase, the Property ladder.

Chain Break

Being in a financial situation where everything hangs on a thread is stressful, even worse is not knowing when everything will be fixed.

Fortunately, impact can help stop the chain from breaking!

With a bridging loan, you can borrow the money to purchase your new home while the old one is still awaiting to be sold, then when you have sold your property you just pay the money back (subject to lender conditions).

Funds can potentially be available in as little as 4 working days!

How can impact help you

impact has access to HMO mortgages from the whole of the market, and are Key Broker Partners with Specialist HMO lenders, providing direct access to underwriters on complex cases, where a flexible approach is required. From small student house shares, through to large setups, HMOs and multi-unit freehold blocks - our specialist advisers can assist.

Auction Finance

In the main, buying a property at Auction can attract some great deals for the end purchaser. However, normally you will need to complete the financial transaction within a tight timescale of circa 28 days.

This can make obtaining a high street Residential or Buy to Let mortgage difficult to arrange in such a short amount of time. Therefore, a number of a lenders will offer a type of short term finance applicable specifically to Auction Finance Properties.

Many property types can be considered including Residential, Buy to Let, Semi-Commercial and Commercial.

We often help finance the initial purchase and also the refinance away from auction finance to a longer term solution, thus keeping the transactions handled under one roof.

Speak to one of the team to find out more.

How can impact help you

Bridging finance can often be much quicker to arrange than a normal residential mortgage. However, Bridging finance should not be considered a replacement for more traditional mortgage lending which is normally more cost-efficient. Bridging finance can be a complicated process and each case is written on a bespoke basis according to the requirements of each individual transaction.

Development Finance

Development finance is used by property developers to fund a wide variety of building projects.

These include building brand new single residential properties, large housing estates, industrial units, offices, apartment blocks, factories and hotels. Development finance can also be used for new builds, property restoration, expansion, or conversion projects.

Also ideal for small building companies and developers purchasing, converting or developing a property to rent or resale.

Looking to Finance a Development Project?

Development finance is used by property developers to fund a wide variety of building projects.

 

These include building brand new single residential properties, large housing estates, industrial units, offices, apartment blocks, factories, and hotels. Development finance can also be used for new builds, property restoration, expansion, or conversion projects. 

 

Also ideal for small building companies and developers purchasing, converting or developing a property to rent or resale

How can impact help you

Bridging finance can often be much quicker to arrange than a normal residential mortgage. However, Bridging finance should not be considered a replacement for more traditional mortgage lending which is normally more cost-efficient. Bridging finance can be a complicated process and each case is written on a bespoke basis according to the requirements of each individual transaction.

SOME BRIDGING FINANCE IS NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY

Opening Times

Monday to Friday: 9:00 - 17:30
Saturday: 9:00 - 14:30
Sunday: Closed

Contact Details

impact House, 24 Carfax,
Horsham, West Sussex RH12 1EB
Phone: 01403 272625
Email: [email protected]