Property Development Bridging Loans
If you want to start a new development project but cannot generate the funds quickly enough, our bridging loans for property development can help. At AptPay, we supply short-term capital, letting you take that opportunity, start your project and then structure your repayments later.
To get started, simply request a quote, and our experts will explain how we can help you. If you are still determining whether our services are right for you, contact them today to answer any questions.
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Turn Ideas into Reality: Development Finance for Experienced Builders
Funding: £300,000 - £50 million
Flexible Terms: Individuals to Companies, Up to 24 Months
Focus on Your Project: LTV/LTGDV/LTC Options Available
Clear Costs: 2% Arrangement Fee (Starting), Variable Rates
UK-Wide Support: England, Scotland, Wales
Bridging Loans for Property Development
Our property development bridging loans are a great alternative to traditional mortgages. Security properties mean that the bridging loans don’t require deposits and allow you to quickly repay after liquidating funds from other assets.
All our loans are tailored to your needs, offering you the best finance solutions to boost your development. Every aspect of your loan, including the rates, terms and charges, is arranged before signing, and there are no hidden fees.
Here’s what makes our funding the perfect fit for your project:
Flexible Options
We cater to a wide range of developers, from individuals to established companies.
Significant Capital
Access funding from £300,000 to a substantial £50 million to bring your project to life.
Focus on Progress
We understand the development process. Our loan-to-value ratios consider both the current and future value of your project, with options up to 70% LTV for refurbishments and conversions, and a maximum of 65% LTGDV and 80% LTC for new builds.
Timely Completion
Get the funding you need quickly, with loan terms extending up to 24 months to cover your development phase.
Transparent Costs
Our fees are clear and competitive, with a starting arrangement fee of 2%. We’ll provide you with variable interest rates on request, so you can make informed decisions.
National Reach
Located in England, Scotland or Wales? We’re here to support your development goals nationwide.
Don’t let funding limitations hold you back. Contact us today to unlock your potential.
Am I Eligible?
Unlike some lenders, we don’t rely solely on algorithms. Our development experts personally assess every application to understand your project and tailor a loan solution that fits your needs.
Here’s what we look for:
- Security: To secure the loan, you’ll need at least one property and a clear plan for repayments.
- Experience: A solid track record in development is a plus. Ideally, you’ll have completed at least two similar projects.
- Planning: Obtaining detailed planning permission before applying strengthens your application.
- A Guarantee: For these loans, a personal guarantee is required.
Not sure if you meet the criteria? Our friendly team is here to answer your questions and discuss financing options.
We welcome applications from:
- UK residents: Individuals, sole traders, partnerships, LLPs, limited companies, and PLCs.
- The Channel Islands and Isle of Man: Registered companies with a UK, Channel Island, or Isle of Man resident/national as the Ultimate Beneficial Owner (simple ownership structures required).
Putting Your Bridging Loan to Use
Bring your vision to life, from renovation to groundbreaking. Our development finance fuels a variety of project types:
- Refurbishments: Bring tired properties back to life. Upgrade kitchens and bathrooms, or modernise neglected spaces.
- Conversions: Transform existing buildings into something entirely new. This could involve converting office space into apartments or retail units into residential dwellings.
- New Builds: Construct entirely new properties from the ground up. We support projects using standard construction methods, and in some cases, we may consider financing developments utilizing certain modern methods of construction
We support standard construction methods and consider modern approaches on a case-by-case basis.
Securing Your Development
Our development bridging loans are secured against your property, ensuring a smooth transaction for both parties. Here’s what you need to know:
- Property Types: We accept residential, commercial, or mixed-use properties located in England, Wales, and mainland Scotland.
- Property Ownership: The property can be freehold or leasehold. For leaseholds, a minimum of 125 years must remain on the lease after the loan is completed.
- First Charge Protection: Your loan will be a first charge on the property, giving you and us peace of mind. This means our claim on the property ranks first in the event of a sale.
Exit Strategies
We ask for a repayment plan with your application to help us understand how you intend to exit the loan. Often our bridging loan customers plan to sell existing assets or refinance their loans. To make your repayments, you can consider:
Selling Property
Development Finance
Remortgaging
Refinancing
Deposits
The property you secure the loan against acts as your deposit, meaning you can borrow 100% of the agreed amount.
Credit File
We specialise in loaning capital to individuals with poor credit, as we believe that your history should not hinder your future. Our loan team will work with you to find an ideal solution and supply the sum you need.
Development Experience
If you have a history of positive development projects, it will assure our loan experts, meaning we can offer you better rates. We appreciate any evidence you can supply.
However, that does not mean we cannot help new developers. We are always looking to push new developers and their projects. Speak to our experts to learn what we can offer you.
How We Help You Secure a Loan
Personal relationships drive our services. We are available for advice and support throughout the application process.
- Contact our experts, either by requesting a free quote or by calling us on 020 3103 0022
- Our finance team learns about your situation to provide the best rates. We will also explain your obligations and help you apply
- You sign the loan agreement
- We transfer the money to your bank account within a few business days.
Why Choose Our Loans
Our customers choose our property development bridging loans for several reasons.
Working Around Your Credit
We provide loan terms that cater to individuals with poor credit, providing the capital you need despite your financial past.
Personal Evaluations
Instead of using binary algorithms to determine your eligibility, we review every application personally. This attentive approach allows us to offer a range of bridging loan solutions.
Expert Support
We have years of experience offering bridging loans for property development and have seen almost every situation. It means that our financial team can offer fantastic advice and support to unique development ventures.
Flexible Options
All of our bridging loans are tailored to the beneficiary’s needs, providing the correct funding for your development. We are always available to help and offer the best possible terms.
FAQ
What are Bridging Loans?
Bridging loans are short-term loans that are secured against property. They offer capital sums to ‘bridge the gap’ between making your purchase and securing other funds.
How much capital can I borrow with a bridging loan?
You can borrow up to £50 million from us across 24 months.
What are your interest rates?
Our interest rates depend on the value of your security property and the amount you borrow.
Can I take out a bridging loan in the name of a limited company?
Yes, our bridging loans are available to both individuals and limited companies, helping them with their property developments.
What additional requirements are there for commercial property development?
For commercial development projects, we require pre-letting or pre-sales agreements to be in place before the loan is approved. This helps mitigate risk and ensures a strong exit strategy for the project.
What about residential development finance?
For residential development projects, your property must be covered by a New Homes Warranty for a minimum of 10 years. This warranty protects homebuyers in the event of certain issues arising after construction.
Who will conduct the property valuation and legal work?
We will appoint qualified surveyors and solicitors from our approved panel to ensure a smooth and efficient process.
What is a project monitoring surveyor (PMS) and what do they do?
A project monitoring surveyor (PMS) is an independent expert who plays a crucial role in your project. They will:
- Produce an initial feasibility report assessing:
- Build costs
- The professional team involved
- Project viability
- Monitor the development site
- Provide certification for staged loan payments (drawdowns) as construction progresses.
The PMS helps ensure the project stays on track and minimises risks for both you and us.