​Land Bridging Finance
Bridging finance can be used to buy residential property, commercial property, or land. Companies of all shapes and sizes use bridging finance to secure a bargain plot for development. Once all the relevant planning permissions are obtained and a plan is devised, we can help obtain development finance for the land in the form of a self-build mortgage, which can be used to fund the building project and pay off the bridging loan.
Purchase land without planning permission
Example:
You have found a plot of land for sale and want to build properties on the land. A bridging loan can be used to purchase the land before planning permission is obtained. You can then opt to get a self-build mortgage, use your own funds to build the properties or get further finance on a bridging loan.
Criteria
There is an important criterion that needs to be taken into account when considering a bridging loan secured against land. At UK Property Finance, we provide access to affordable land-bridging finance in accordance with the following:
- Borrow up to 70% LTV (or 100% with additional security).
- Monthly interest from as little as 0.75%
- All types of commercial, agricultural, and residential land are considered.
- Loan terms are available from one month up to two years.
- Borrow as little as £10,000 with no upper limit.
- All exit strategies and repayment methods are considered.
- Early repayment is possible with no additional fees.
- Interest can be rolled into the loan.
- Applicants with imperfect credit are considered.
- Bridging loans are available across the UK.
For more information or to discuss the potential benefits of bridging finance in more detail, please contact a member of the team at UK Property Finance anytime.