Large Bridge Loans: Get Up to £50 Million High-value Bridging Finance

  • Secure large amount bridging finance from £25,000 to £50 million.
  • Borrow up to 85% LTV, maximising your funding potential.
  • Quick Access to Funds, often within 24-72 hours.
  • Loan terms ranging from 1 to 12 months.
  • Access both first and second charge options.

Take the first step towards securing your bridge loan. Contact us today and let our experts guide you through the process!

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What is a large bridging finance?

Large bridging finance is a type of short-term loan designed to help individuals and businesses secure funding quickly. These loans are often used when there’s a need to bridge the gap between buying a new property and selling an existing one.

Key features of our large bridging loan

  • MAX LTV: Up to 85%.
  • INTEREST RATE: From 0.49% per month.
  • CHARGE TYPES: 1st, 2nd & 3rd considered.
  • TERM: 1-36 months (maximum 12 months for regulated loans).
  • INTEREST TYPE: Added to the loan, deducted or serviced.
  • COMPLETION TIMESCALE: 5 days – 3 weeks.

How much can I borrow?

The amount you can borrow with a large bridge loan varies based on several factors, including the property type and your financial situation. Typically, lenders allow you to borrow up to 85% of the property’s value, which means you can access significant funds quickly.

For example, if you have a property valued at £1 million, you might be able to secure a loan of up to £700,000. Loan terms can range from 1 to 12 months, giving you the flexibility needed for short-term finance solutions. Interest rates may vary depending on the lender and the specifics of your situation, so it’s wise to compare offers from different bridging loan brokers.

Overall, large bridging loans are an excellent option for those looking to make swift decisions in real estate or other investments.

TRY OUR BRIDGING LOAN CALCULATOR: PLAN YOUR FINANCES WITH PRECISION

Wondering how much a large bridging loan might cost you? Our user-friendly Bridging Loan Calculator is here to help. This powerful tool allows you to:

  • Estimate your monthly payments
  • See the total cost of your loan
  • Adjust loan amount, interest rate, and term length
  • Compare different scenarios instantly

Simply input your loan details, and our calculator will provide you with a clear breakdown of costs. It’s a quick and easy way to gain insight into your potential financial commitment before speaking with our expert brokers.

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How large bridging loans work?

When you apply for a large bridge loan, a bridging lender evaluates your property and financial situation to determine how much they can lend.

Typically, these loans are secured against a property, which means that the value of the asset plays a crucial role in the lending process. Lenders usually allow borrowing up to 85% of the property’s value.

This high-value bridging finance is particularly useful in competitive markets like London, where timing is essential.

Bridging loans can be either regulated or unregulated, depending on the purpose and type of property involved. A closed bridging loan is often used for specific transactions with defined timelines, while open bridging loans offer more flexibility.

Interest rates vary based on the lender and the risk associated with the loan, so it’s important to shop around for the best deal.

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What are the repayment options for large bridging loans?

Large bridging loans typically offer two primary repayment structures: open bridging loans and closed bridging loans. Let’s explain them.

Open bridging loan

An open bridging loan is a flexible financial solution that does not have a fixed repayment date. This type of loan is ideal for borrowers who may not know exactly when they will receive the funds needed to repay it. Open bridging loans are often used when waiting for the sale of an existing property or other sources of capital. While they offer greater flexibility, they may come with higher costs compared to closed bridging loans.

Close bridging loan

A closed bridging loan has a set repayment date, making it suitable for borrowers who have a clear plan for repaying the loan. This type of loan is typically used when funds are needed to cover a specific transaction, such as purchasing a new property before selling an existing one. Because of the defined repayment timeline, closed bridging loans often come with lower interest rates and fees, making them a more cost-effective option for many borrowers.

Comparison with closed bridging loans

Open bridging loans differ significantly from closed bridging loans, which require a defined repayment strategy and specific completion dates. Here are some distinctions:

FeatureOpen Bridging LoanClosed Bridging Loan
Repayment DateNot defined; flexibleDefined; specific completion date
Interest RatesHigher due to uncertaintyLower due to certainty
Exit Strategy RequirementNone requiredMust provide a clear exit strategy
Risk Level for LenderHigher riskLower risk

What are the advantages of large bridging loans?

  • QUICK ACCESS TO FUNDS: Large bridging loans can be arranged much faster than traditional bank loans, often within days. This speed allows borrowers to seize time-sensitive opportunities.
  • FLEXIBLE TERMS: These loans often come with more flexible terms compared to standard loans. Lenders may consider a wider range of collateral and offer customised repayment structures.
  • NO EARLY REPAYMENT CHARGES: Many large bridging loans do not impose penalties for early repayment, allowing borrowers to pay off the loan as soon as they secure long-term financing or sell their property.
  • SUBSTANTIAL FUNDING AMOUNTS: Large bridging loans can cover significant purchase amounts, making them suitable for high-value transactions like luxury properties or commercial investments.
  • SIMPLIFIED APPROVAL PROCESS: The approval process is typically quicker and less stringent regarding credit history since these loans are secured against property assets.
  • BESPOKE FINANCING OPTIONS: Lenders often tailor large bridging loans to meet specific borrower needs, providing a more personalised financing solution.

SECURE YOUR LARGE BRIDGING LOANS TODAY!

As a leading broker in high-value bridging finance, we specialise in connecting borrowers with the right lenders for large bridge loans. Whether you’re looking to buy a new property in London or need funds for a project, our team is here to help.

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How to apply for a large bridging loan?

Applying for a large bridging loan is a simple process that can open doors to quick financing for your property needs. Here’s a straightforward guide to help you through the process:

  • GATHER REQUIRED DOCUMENTS: Collect necessary paperwork, including proof of income, credit history, and property details.
  • CHOOSE A BROKER: Find a reputable broker who specialises in large bridge loans. They can help you navigate the options and find the right lender.
  • SELECT A LENDER: Work with your broker to identify a regulated bridging lender that fits your needs and preferences.
  • SUBMIT YOUR APPLICATION: Complete the application form and submit it along with your gathered documents.
  • PROPERTY VALUATION: The lender will assess your application and may conduct a valuation of the property you plan to use as collateral.
  • RECEIVE LOAN OFFER: If approved, you will get a loan offer detailing the terms, including interest rates and repayment schedules.
  • ACCEPT THE OFFER: Review the loan offer carefully. If you agree to the terms, accept the offer to proceed.
  • ACCESS YOUR FUNDS: Once the offer is accepted, funds are typically released quickly, often within days, allowing you to use the bridging loan for your intended purpose.

What documents will I have to provide when I apply for a large bridging loan?

When applying for a large bridging loan, you’ll need to gather several important documents. Here’s a list of what you might need:

  • IDENTIFICATION: A photo ID like a passport or driver’s licence to prove who you are.
  • BANK STATEMENTS: Recent statements showing your income and expenses to help lenders understand your financial situation.
  • PROOF OF ADDRESS: Recent utility bills or bank statements that confirm where you live.
  • PROPERTY DETAILS: Information about the property you want to buy or sell, including purchase agreements and valuation reports.
  • EXIT STRATEGY: A clear plan explaining how you intend to repay the loan. This could involve selling another property or refinancing.
  • CREDIT HISTORY: Lenders will check your credit record to assess your reliability as a borrower.

Being organised and ready with these documents can make the application process smoother and faster!

How much does a large bridging loan cost?

The cost of a large bridging loan can vary based on several factors, including the loan amount, property value, and lender fees. Here are the key components to consider:

  • INTEREST RATES: Monthly interest rates for large bridging loans typically range from 0.49% to 1.0%. The exact rate often depends on the loan-to-value (LTV) ratio and the type of property being used as security.
  • ARRANGEMENT FEES: Lenders usually charge an arrangement fee of 1% to 2% of the total loan amount. For larger loans, this fee may be lower in proportion to the loan size.
  • VALUATION FEES: A valuation fee is charged to assess the property’s value and can range from £200 to £800, depending on the property’s worth.
  • LEGAL FEES: Legal costs for processing the loan can vary but typically range from £800 to £1,200. This includes fees for both your legal representation and the lender’s legal services.
  • EXIT FEES: Some lenders may impose an exit fee when the loan is repaid, although this is less common. If charged, it usually amounts to around 1% of the loan.
  • BROKER FEES: If you work with a broker, they may charge a fee for their services, which can vary widely depending on the broker and the complexity of your loan.

WHY CHOOSE EXPERT MORTGAGE BROKERS FOR LARGE BRIDGING FINANCE?

At Expert Mortgage Brokers, we’re committed to getting your large bridging loan approved quickly and smoothly. Here’s how we make it happen:

Expert guidance

Receive tailored and expert advice on bridging finance to meet your short-term funding needs.

FCA regulated lenders

Work with trusted, FCA-approved lenders for reliable and secure loan options.

Competitive rates

Benefit from our negotiation skills for favorable interest rates and terms.

Hassle-free process

Enjoy a stress-free experience as we handle all paperwork and lender communication.

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Frequently asked questions about large bridging finance

Getting a large bridging loan can happen surprisingly fast! Typically, if everything goes smoothly, you could have your funds in as little as five to ten days. Some lenders may even complete the process in just a few days, especially if they have a streamlined system. However, it’s important to remember that the exact time frame can vary based on several factors, like how quickly you provide necessary documents and the lender’s specific procedures. If you need to act fast, having all your information ready can really help speed things up.

Many people and businesses can apply for a large bridging loan. This includes individuals looking to buy high-value properties, property investors wanting to expand their portfolios, and even companies needing quick financing for commercial ventures. Generally, as long as you have a solid plan for repaying the loan, known as an exit strategy, you might be eligible. Lenders often consider various factors, such as your financial situation and the value of the property involved.

SECURE YOUR LARGE BRIDGING LOAN TODAY!

Don’t let financial gaps hold you back. Our expert brokers specialize in large bridging loans, offering tailored solutions to meet your unique needs. With years of experience and a deep understanding of the market, we’re here to guide you through the process, ensure competitive rates, and help you achieve your financial goals. Contact us now for a personalized consultation.

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Read other guides to bridging loans