BRIDGING LOANS &
we are Tiger Financial.
WHAT IS THE DIFFERENCE BETWEEN REGULATED AND UNREGULATED BRIDGING LOANS
Unregulated Bridging loans for business purposes are often used when mainstream mortgage funding may not be available or practical for the project i.e when you only need short term finance or you need to do some refurbishment work to increase the value of the property, to then sell or refinance on a buy to let mortgage.
Bridging loans are classed as regulated if you or a close family member have lived, or plan to live in the property. This also includes if you use a bridging loan to bridge the gap when buying a new home while waiting on your current home to sell. These bridging loans are only available for a loan term of 12 months. Evidence of a mortgage DIP/AIP to repay the bridging loan balance would normally be required before receiving a formal loan offer. Note, only brokers authorised and regulated by the Financial Conduct Authority (FCA), such as Tiger Financial, can arrange these bridging loans.
As a specialist broker, we will guide you through the maze, and lead you to the most suitable lender for your project.
BRIDGING LOAN USES
- Buying under value from an LPA Receiver
- Purchasing before planning permission
- Buying at auction
- Borrowing against value not purchase price
- Development and refurbishment
- Buying with a deferred consideration
- Developing an uninhabitable property
- You wish to split the title
- When conventional credit is refused
- You need working capital
- You want no monthly payments
- When you need finance fast
LET'S START THE CONVERSATION
+44 (0)207 965 7261
WHY USE A BRIDGING LOAN OR DEVELOPMENT FINANCE BROKER?
We can save you money
A good broker will fight your corner, negotiating to get the rate as low as possible, reducing lender fees where possible and pushing to overcome any negatives the lender may perceive with the application. Why not use our bridging loan calculator
THE MARKET IS ALWAYS CHANGING
As the market evolves so quickly, the best lender today may not be the best tomorrow. Also, every lender varies, right down to how their credit department view applications.
TIME IS MONEY
Dealing with your application from initial application through to completion in such a short timescale involves a huge amount of work. A broker manages a lot of the legwork for you, leaving you free to focus on the jobs that only you can complete, such as supplying personal information and documents.
When you’re really backed into a corner and constantly being asked for information, rushing to meet people for surveys and legal work, it is obviously extremely stressful. An experienced broker will know exactly when the deadlines are at risk of getting too close, when people need to be pushed and when they should be left to complete the task they are working on. A controlled and closely managed system is clearly far less stressful.
There are many different types of lender. Some have a very low risk profile, so ask for lots of data, some lenders are quick, ask for minimal paperwork, and will lend on most types of property asset. Some development lenders require a personal guarantee; others don’t. There are so many variables, using an experienced broker is the only way to truly know you will be getting the best deal.
Whether you’re looking to acquire an urgent auction purchase, convert an office to residential, or develop a multi unit ground up scheme, we have seen it all. Click to view a selection of our past success stories.
WHAT OUR CLIENTS ARE SAYING
Matthew and the team at Tiger are a pleasure to deal with. Friendly, responsive, and highly professional.
Naveed – Streatham
BROKER OF CHOICE
Without question, our development finance broker of choice. Very pleased.
Martin – Carlisle
WITHIN THE HOUR
I pick up the phone and these guys get me bridging loan terms within the hour. Very impressive.
Mohammed – London