Bridging begins in the UK from 0.55%pm/ Where there is work involved on a property though, this begins from 0.64%pm.
Single draw down bridging offers high exposure (80% net & circa 90% gross), but lenders will expect you to have your own funds to renovate the property. This is useful as its reduces asset manager costs
Multiple draw down bridging begins from 70/75% net and can provide the full cost of works in staged arrears. lenders will ask you to fund the first stage yourself though.
For example, if your build cost is 100k, lenders would expect you to spend the first 25k first, then reimburse you the remaining 75k build cost.
We love our customers, so feel free to visit during normal business hours.
Open today | 09:00 – 17:00 |
Copyright © 2023 ukbridging.co.uk - All Rights Reserved.
UK Bridging only transacts unregulated buisness
Powered by GoDaddy
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.