Bridging loans

Discussion in 'General Property Investment Discussion' started by Deanb7823, Aug 1, 2018.

  1. Deanb7823

    Deanb7823 New Member

    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
  2. FWL

    FWL Member

  3. diyhelp

    diyhelp Active Member

    I have seen a number of sites which stipulate that bridging finance is only available on a 70% LTV ratio.
  4. Deanb7823

    Deanb7823 New Member

    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.
  5. realdeals

    realdeals Member

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

    As ever, I strongly recommend doing your own research.
  6. Jem Rose

    Jem Rose New Member

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

    totallyproperty Administrator Staff Member

    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 :)
  8. Longterminvestor

    Longterminvestor Active Member

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

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