Purchasing another Buy To Let or need coverage for a short term cash pinch?
Make the move on your next investment today.
Speak to the lending team today: 0207 100 8787
RESIDENTIAL BRIDGE LOANS
Finding the investment is only part of the puzzle, securing the finance can take time. Not with Glenhawk.
Why wait? With a residential bridge loan, you can unlock the capital right now – and secure your investment property. Once your current property sells or your mortgage is agreed, you’ll have the means to pay the bridging loan back. With a bridging loan, your precious time is saved – leaving you to set about making your new investment pay.
SHORT TERM BRIDGING LOANS
A residential bridge loan gives you a real alternative right when you need it. Bridging loan applications tend to be turned around within days..
This means that a time-sensitive purchase can go through easy and stress-free. No matter if your new investment is big or small, Glenhawk offers flexible bridging loans that fit to your situation and requirements. Loans range from £500,000 to £5,000,000 with a loan to value of up to 75%.
So, how does a residential bridging loan work?
Unlike other types of property finance, a bridging loan is wonderfully simple: you take out a short-term loan that covers your new property purchase, while you wait for your main funding stream to become available. For example, if you’re selling your house, but the buyer is unable to complete for an extended period, you can use the bridging loan to make your new purchase while you wait for your investment sale to complete. Or, if you have a mortgage in progress but need to move now, a bridging loan can be taken out against your property while your mortgage application is processed.
BRIDGING LOAN EXAMPLE INTEREST RATES
Interest rates on residential bridge loans start at just 0.75% per month, and repayment options are always discussed clearly with you, so you know precisely what to expect and when. Once your capital is released, either from your current property selling, or from your mortgage application being accepted, you’ll be ahead of the curve.
Talk to the friendly, dedicated Glenhawk team – just give us a call, or get a quote online right now. We’ll work together to find a bridging loan that suits your needs.