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Superfast Completion, Often Within Days

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Land, With or Without Planning

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2nd Charge (consent not always required)

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Quick Auction Finance

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3rd Charge (consent not always required)

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Adverse Credit Considered

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2nd Charge Behind Bridging Lender

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2nd Charge Behind Equity Release Lender

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Up to Age 85

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Pure Equity Based Lending

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Residential & Commercial

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Valuations Not Always Required

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Loans from £25,500

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Free Legal Option

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No monthly payments

Fast Bridging Loans

Where time is a factor, fast bridging loans can be a real life-saver. The following case study shows just how useful our quick bridging loans can be when a major opportunity presents itself:

Last week, we were contacted by a broker whose client needed fast bridging finance (within 24 hours) to take advantage of a lucrative business opportunity. Their client had the chance to buy shares at a discounted rate in the company where he had worked for over 25 years but the option had a deadline which was due the following day. The broker originally believed he had sourced finance elsewhere via another bridging lender, using two investment properties as security, however at the very last minute the first charge lender reneged on its decision to allow second charge consent, thus leaving the client without the urgent finance needed.

Quick Bridging Finance in 24 Hr Turnaround

At UK Bridging Loans we fund all quick bridging finance deals using our own money and do not require first charge consent on every occasion, so we immediately knew that we could work around this problem. The issue then became one of speed but as our system is highly streamlined enabling us to progress cases at pace and with a high degree of flexibility, again we knew we could help. We immediately examined the deal, completed due diligence and provided indicative terms to the broker. All charges and conditions were included in the terms, allowing the broker to obtain acceptance after presenting the full facts to the client. We then worked late into the evening to finalise the loan documentation and emailed the client and his solicitor a copy of our formal offer, the legal paperwork and the outstanding information needed before completion.

The client visited his solicitor the following morning to obtain legal advice and complete our short list of requirements before meeting with us at lunchtime. We accepted the previous lender's valuations as the figures fitted with our research and expectations. In many circumstances, we do not require formal valuations, so again this was not a barrier to us completing the finance quickly. Our in-house team reviewed the documentation returned from the client's solicitors and after some minor clarifications, his quick bridging loan was funded that very afternoon. To ensure we met the client's deadline, we paid the funds directly to the solicitors handling the share sale which enabled the purchase to complete that day, in time and less than 24 hours after the initial broker contact.

The client's wealth has substantially increased due to the involvement of the team at UK Bridging Loans. Fast bridging finance is our speciality – we operate very differently from most other lenders and are therefore able to offer rare USPs. We don't claim to be the cheapest in the market but we do get the job done swiftly and smoothly and with minimal fuss.

For further information please call 0116 3666338 or email contact@ukbridgingloans.uk.

Some of our other USPs include 3rd charge bridging, charges on land (with or without planning), bridges for foreign nationals, adverse credit, 2nd charge bridges secured behind other bridging loans etc.

How it Works

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Get in Touch

Clients approach UK Bridging loans either directly or via introducers. Basic questions by way of a “fact-finding” process are used by UK Bridging Loans to determine if the lending requirements are a possibility.

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Fast Approval

An immediate yes or no answer is given and if suitable, a quotation is formulated and forwarded to the client, usually by email.

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Formal Offer

A formal offer is produced for any client wishing to proceed and forwarded for signature, again, usually by email.

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Representative Visit

Each client is visited at the security address for signature of the remaining loan paperwork, including a CH1, land registry charging order. We will also collect any additional pre-requested documentation.

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Dedicated Underwriting

The signed documentation is immediately sent to our underwriters. Our model is based on very quick completions as each deal is funded using all of our own money. On rare occasions we may request additional information.

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Payment of Funds

Average completion from initial acceptance to pay-out is usually just a few days. We rarely require valuations or additional legal representation. The land registry charge is removed once the bridging loan is repaid.

Who can use Bridging Finance?

people

Age

The applicant could be too old to obtain a standard high street mortgage as most mortgage lenders now prevent borrowing into what is deemed, “normal retirement age”.

property-condition

Property condition

The property may be in a condition where it is not suitable for mortgage finance and as such a Bridging Loan could be used to complete the purchase and any required work prior to refinancing.

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Credit

The applicant may have some adverse credit, however minor, which was previously acceptable to lenders but now no longer fits the high street lending criteria.

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Income

The applicant may have difficulty proving income requirements needed for more regular finance. This may be due to poor self-employment records, a break from work or a reduction in self-employed workloads or overtime.

USPs

  • cloud Superfast Completion, Often Within Days
  • cloud Land, With or Without Planning
  • cloud 2nd Charge (consent not always required)
  • cloud Quick Auction Finance
  • cloud 3rd Charge (consent not always required)
  • cloud Adverse Credit Considered
  • cloud 2nd Charge Behind Bridging Lender
  • cloud 2nd Charge Behind Equity Release Lender
  • cloud Up to Age 85
  • cloud Pure Equity Based Lending
  • cloud Residential & Commercial
  • cloud Valuations Not Always Required
  • cloud Loans from £25,500
  • cloud Free Legal Option
  • cloud No monthly payments

Bridging Loan uses

Contact Us

Contact Details

pinBusiness Address: Office block 2, Kibworth Business Park, Kibworth Harcourt, Leicestershire, LE8 0EX

callTelephone:  0116 366 6338

Opening Hours

Mon - Thurs: 9am - 9pm

Fri: 9am - 5pm

Sat: 10am - 5pm

Sun: 11am - 5pm


For job vacancies please email us on jobs@ukpf.co.uk