Bridge to Let Loans: Your Finance Solution
Unlock fast funding for your investment property with our flexible Bridge-to-Let loans. Secure a loan today and transition smoothly into a Buy-to-Let mortgage.
Benefit from:
- Fast turnaround times for quick property acquisition.
- Flexible loan terms, with options up to 24 months.
- Pre-approved exit strategy for your Buy-to-Let mortgage.
- No hidden fees – we are transparent about costs.
- Specialist brokers with years of experience in property finance.
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Your Short Term Financing Solution
If you need to secure funding quickly to purchase a property which you intend on renting out in the future, bridge-to-let loans are your solution. It works by providing a bridging loan for the purchase, which then becomes the stepping stone towards a more permanent Buy-to-Let mortgage.
Unlike standard bridging loans, which are often used for immediate purchases, Bridge to Let loans are structured to help you secure your property now while giving you the time you need to arrange a long-term Buy-to-Let mortgage.
Who is it for? This loan is ideal for property investors or landlords looking to purchase a property and quickly move into a Buy-to-Let deal.
What can it be used for? A Bridge to Let loan can be used for property purchases, especially when you’re unable to secure traditional financing quickly enough. The loan terms typically allow up to 24 months to secure your Buy-to-Let mortgage.
How Does It Work?
1. Submit Bridge-to-Let Application
2. Complete Your Bridge
3. Apply for Buy-to-Let
Flexible Financing for Property Investment
Our Rates
|
Type |
Max LTV |
Rate |
|---|---|---|
|
Development & Refurb |
80% |
0.89% (plus 1-month exit fee) |
|
Residential |
75% |
0.84% – 0.79% |
|
Semi-Commercial |
75% |
0.89% |
Buy-to-Let (BTL) Loan Rates
|
BTL Term |
Max LTV |
Pay Rate |
Standard Rate |
|
1-Year BTL |
75% |
6.79% |
8.79% |
|
2-Year BTL |
75% |
7.29% |
8.79% |
BTL Fees
|
Fee Type |
1-Year BTL |
2-Year BTL |
|
Transfer Fee |
1% (deferred) |
1.5% (paid on transfer) |
|
Processing Fee |
0.25% (on transfer to BTL) |
0.25% (on transfer to BTL) |
|
Early Repayment Charge (ERC) |
1% (sale exit) |
2% (Bridge & BTL) |
Criteria
To be eligible for our bridge-to-let loans, you need to meet the following criteria:
- Minimum Age: 18 years or older
- Max LTV: 75%
- Minimum Loan Term: 1 month
- Property Type: Must be suitable for Buy-to-Let purposes
- Exit Strategy: Clear plan for transitioning to a Buy-to-Let mortgage
- Credit History: No automated credit checks – we focus on your situation and the property
Our Application Process
1. Submit Your Application
2. Loan Assessment
3. Valuation
4. Bridge Loan Approval
5. Buy-to-Let Application
Questions You May Need to Answer
1. What is the value of the property you're purchasing?
Advice: Make sure you have a clear idea of the property’s market value, which will typically be determined by a professional valuation. If you’re unsure, consult with a property agent or an independent surveyor for an estimate. The property’s value plays a key role in determining the loan-to-value (LTV) ratio and how much you can borrow.
2. Do you have a pre-approved exit strategy for a Buy-to-Let?
Advice: Your exit strategy outlines how you plan to transition from the Bridge to Let loan to a more permanent Buy-to-Let mortgage. This could involve having a lender lined up for the Buy-to-Let mortgage or providing documentation of your intent to secure this financing. It’s important to show that you have a clear and feasible plan to transition out of the bridging loan.
3. What is your planned rental income from the property?
Advice: Have a realistic estimate of how much rent you expect to generate from the property once it’s let. This can be based on comparable rental properties in the area or data from your agent. The rental income is important for showing that the property will be profitable and capable of covering mortgage payments.
4. Do you have any existing property loans?
Advice: Be transparent about any existing loans or mortgages you have on other properties. Lenders will need to assess your overall financial situation, including any other debts or commitments. Having a clear record of your financial obligations will help in assessing your ability to manage additional borrowing.
Benefits of a Bridge-to-Let Loan
Fast Access to Funds:
Seamless Transition to Buy-to-Let:
Flexible Loan Terms:
Why Choose Us?
We believe in fast, flexible finance solutions. Our team of expert brokers understands the intricacies of property investment and is committed to helping you secure the best terms. With years of experience, we’ve built strong relationships with leading lenders to help you access the finance you need quickly and easily.
Our focus is on you and your needs. We offer tailored advice and work tirelessly to find the right solution, whether you’re looking to secure your dream property or grow your investment portfolio.
