Residential Loans

Residential bridging is becoming an increasingly common funding tool and can be used for many purposes. It is no longer used to just bridge the gap between a sale and a purchase of a property. A client may need quick access to the equity within their asset or may need to purchase a property fast to secure a good discount. And because lenders rates have dramatically decreased there is no longer such a big gap between long-term mortgage lenders rates, and the most competitive bridging rates.

Its highly recommended to now seek finance through an independent broker, who can deliver the right funding to meet a clients requirements at the best price. Bridging Loans Sussex can complete our clients funding needs in a stress free & efficient way whilst keeping our clients fully updated during the process.

Commercial Loans

We can arrange flexible finance to lend against a variety of commercial premises such as hotels, retail units office/industrial buildings etc. Finance can be arranged for many reasons with the most common being capital release, purchases, refurbishments, and change of use or conversions.

Unlike residential bridging, lenders will be more focused on the rental being generated & the quality of the properties tenants.

Is the property niche/unique with not many uses outside of its current setup or would the asset be in demand. Is the exit realistic in the current market conditions.

Semi Commercial Loans

A semi-commercial property will have mixed use elements of both residential and commercial to them.Examples of these would be an apartment above shops,pubs with accommodation above or bed & breakfast style properties.

Development Loans

Funding new builds or major conversion projects used to be predominantly dealt with by the main high street banks, but again their lack of appetite over the past decade has allowed smaller specialist lenders to rapidly grow.

They tend to be more flexible and are happier to structure their lending to accommodate the clients needs. We deal with a cross section of lenders to ensure our products cover a wide arena, from small builds or conversions up to office blocks, hotels etc.

Development funding is different to standard bridging in that the lender will not complete the loan in one lump sum. The lender will instead release the loan in multiple stages on receipt of the contractors invoice and after the site has been inspected by a Quantity Surveyor.

This staged payment continues until the development is fully complete. The majority of lenders have terms up to 2 years but we also have lenders happy to lend up to 3 and 5 years, although it is advisable to complete the build as fast as possible and switch to a long-term cheaper loan. Borrowers are expected to be experienced and have some previous development skills or else have a good contractor and project manager in place.

Large Loans

Bridging Loans Sussex can organise large funding requests for experienced developers of up to £150 million by using a selection of specialised banks, UHNW private lenders, and Funds to offer a diverse range of lending options.

Maximum 1st charge LTV 80%

Maximum 2nd charge LTV 70%

Lowest UK monthly rate 0.43%

Lowest non-UK monthly rate 0.45%