Bridging Loans & Development Finance

Service that drives success.

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Why Would I Need a Bridging Loan?

If you find yourself in a difficult position looking to buy a home, sell your current one or authorise some kind of development on it, a bridging loan is a fantastic opportunity  to get the ball rolling. While bridging loans can be useful in these scenarios, it’s important to have a solid plan for repaying the loan, either through the sale of the refurbished property or by refinancing with a conventional mortgage once the work is complete.

Everything you need to know about Development Finance

What types of Bridging Loans are there?

Residential Bridging Loans

Development Bridging Loans

Commercial Bridging Loans

Lease Extension Loan

Bridge Refinance

Development Exit Loans

What we offer

The bridging and development loan service allows you to borrow £50k to £25m with no monthly interest payments. Our specialist Broker team can find you a loan at highly competitive rates – even with an adverse credit history. With a 36 month duration for non-regulated loans, you can focus on getting your project up to speed.

Case Study: Residential Bridging Loans

 

Amount: £50,000 – £25 million

Duration: Up to 36 months for non-regulated loans, 12 months for regulated loans.

 

Our client required a Chain break bridging loan as they had recently put their current home worth £750,000 up for sale, but wanted to move to their new home worth £870k, for this to happen they required a new mortgage plus a bridging loan to help them move forward.

 

The income was paid in euros via a tax free haven in Luxembourg, in which we secured a residential mortgage, plus the bridge to ensure the client did not lose their property. 

Case Study: Development Bridging Loans

 

Amount: £50,000 – £25 million

Duration: Up to 36 months

 

We were approached by a couple which had already saved £100,000 for a loft conversion, as well as a side-of-house extension to expand their kitchen and downstairs bathroom. The pair who were mortgage free, required a further £150,000 to start and complete their dream home improvements. Having valued the property in the current state at £650,000, we agreed a finance of 0.55% over 12 months, with a 2% arrangement fee which saw their home value increase to £900,00 after the home improvements.

Case Study: Commercial Bridging Loans

 

Amount: £50,000 – £25 million

Duration: Up to 36 months

 

We were approached by a very successful FMCG company which had shown year-on-year growth. With high demand of their products, they were in the need to move to a larger premise to allow more stock to be held on site.

With a proven track record of their business model in recent years, we were able to sort them a £350,000 flexible rolling finance facility loan, which allowed them to dip in and out of their allowance when needed, without the additional paperwork and without paying interest on the money they had not yet used.

Talk to a Specialist

Numbering over 100 specialists across all aspects of financial planning, your personal financial advisor is backed up at all times by Morrinson Wealth’s support team. Every technical, legal and regulatory aspect of your financial strategy is scrutinised to ensure best practice and the timely completion of all transactions and requirements.

 

With a retention rate of 98%*, it’s clear that clients value our uniquely personal approach to wealth management and financial advice. Our client network has grown largely through word of mouth and recommendation.

Please note advice in relation to bridging loans involves the referral to a service that is separate and distinct to those offered by St. James’s Place.

Contact us

Do you have a question about Development Finance? Get in touch today and let us help you put your finances in focus and achieve your financial goals.

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