Bridging loans

[Deanb7823]

Anyone know of the certain criteria a individual has to have to obtain a bridging loan? I’m looking to bridge a buy short term then finance later on when works are complete. Thanks

 

[FWL]

You might find this a good starting point:-

https://www.propertyforum.com/property-investment-strategies/guide-to-bridging-loans.html

 

[diyhelp]

I have seen a number of sites which stipulate that bridging finance is only available on a 70% LTV ratio.

 

[Deanb7823]

Where do we actually dig these lenders out? Money supermarket as normal or is there anyone who can actually do this? I’m abit blind in this field as I’ve never done it, but it’s something I know I’m going to have to use a lot later on.

 

[realdeals]

While I cant vouch for them, I have heard of this company before:-

https://www.thebridgecrowd.com/

As ever, I strongly recommend doing your own research.

 

[Jem Rose]

You should use a property crowd funding specialist, usually 70% purchase cost, 100% development, fees around 12%

 

[totallyproperty]

Where do we actually dig these lenders out? Money supermarket as normal or is there anyone who can actually do this? I’m abit blind in this field as I’ve never done it, but it’s something I know I’m going to have to use a lot later on.

Hi Dean,

we have a number of partners that I can introduce you to through Property Forum. Please feel free to PM me for contact details

 

[Longterminvestor]

Referrals are key in this industry - companies like Money Supermarket only list companies who pay them commission/advertise?