Our short term bridging loans are for purchase, refinance, property improvement or to unlock working capital for business purposes.
This unique overdraft provides you with a flexible drawdown facility giving you instant liquidity and avoids heavy setting-up costs.
Individually structured loans for residential and commercial projects, with finance available for site purchase, construction and fees, refinance, equity release and to provide working capital. Loans are available up to 90% of the site cost.
Flexible first and second charge non-regulated loans available on terms from 3 to 5 years.
We have a commitment to innovation and with the ever changing financial landscape around us we have designed a range of unique Specialist Lending products that solve a range of property finance needs.
Residential Bridging Loans
Residential Bridging Loans raise short-term finance on all types of investment properties.
Our residential bridging loans are for up to 24 months and available to individuals, partnerships, limited companies and LLPs, including off-shore entities in approved locations.
As property finance specialists we can provide short term loans for residential purchase, refinance, property improvement or to unlock working capital to make further investments.
With our short chain of command we are able to make fast decisions and we are very proud of the testimonials we have received from our past customers.
Read our recent Berkshire regulated residential case study and testimonial from broker ‘Henry Watkinson’. These testimonials are the result of us striving to ensure that every customer gets the short term residential funding they require quickly, and with minimal stress.
View our ‘6 steps to funding success’ here.
Please contact us to discuss your loan requirements with one of our experienced BDM’s. We’ll quickly make a decision regarding your residential finance requirements and progress your residential funding solution without delay.
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You will automatically be directed to download an application form when you register.
Loan Term 3 – 24 Months
Amounts £150,000 – £3,500,000
LTV up to 75%
Interest from 0.75% p.m
Amounts £250,000 – £2,000,000
LTV up to 65%
Interest from 0.90% p.m
Our Residential Loan provides fast bridging finance secured on:
First Charge
Second Charge
View our frequently asked short term loan questions here:
Think of residential bridging loans as short-term mortgages. Like a regular mortgage, a bridging loan is secured as a charge against your property. You pay interest on the loan and the amount you can borrow is determined by the property’s value and period of the loan.
Unlike a typical mortgage, a residential bridging loan isn’t designed to be a long-term arrangement it is a short-term finance solution– ours typically last 3-24 months. That’s a reflection of the different tasks residential property loans are required to do. A mortgage is designed to pay for a property over a prolonged period. A bridging loan is designed to help you over a specific short-term financing hurdle.
They are a cost-effective solution for raising short-term finance on all types of residential investment properties. We provide fast, professional residential loans for purchase, refinance, property improvement or to unlock working capital to make further investments.
Our Short Term Residential Loans can be secured against Residential investments, student accommodation and HMO’s. These can be secured by first and second charges.
Short term loans are used for purchase, refinance, unlocking working capital or equity release.
They are available for 3-24 months, secured by a first or second charge over the property.
For owner occupiers, our residential bridging loans start at £200,000. For residential property investors, the minimum loan for a first charge loan is £200,000 with a maximum of £3,500,000. For residential property investors, the minimum loan for a second charge is £200,000 with a maximum of £2,000,000.
Beat the chain: Suppose you’ve discovered the perfect house and you know there’s going to be lots of competition for it. The seller is likely to choose the best chain-free offer, but if you haven’t yet sold your house – or you’re stuck in your own chain – your offer is unlikely to appeal.
With a short-term residential bridging loan, however, the chain becomes irrelevant. You get the money you need to buy the home now, which you pay back after your current home sells.
Speed can be essential to getting a great property deal. Whether you’re buying at auction or wanting to take advantage of a seller’s discount for a quick sale, a short-term bridging loan can be the key to getting a better deal. And unlike a mortgage, it doesn’t take months to arrange.
Mortgage lenders want to know that the money they lend is safe, so they won’t put it into a property that’s going to fail a survey. Those are, of course, the cheapest properties to buy, and that’s where residential bridging loans can help. Use the loan to buy the property and make improvements that increase the property’s value and mortgage-worthiness. Then mortgage the property and pay off the loan.
Property Flipping: There’s no deal better than a property you can buy at a low price and sell for a healthy profit almost immediately, but flipping requires fast, flexible access to funds. Residential bridging loans are perfect for the job.
Property development requires capital. It’s not just the purchase price; it’s the funds you’ll also need to redevelop the property. A bridging loan can give you the financial space to put your plans into action, and you can repay the loan from the proceeds of sale or from the mortgage you’ll be able to secure more easily on your newly renovated property.
A charge is a legal right that anyone lending money can secure against the borrower’s property. In England and Wales, legal charges are registered at the Land Registry. A typical mortgage lender will place a charge on your property when they agree a mortgage, and a bridging loan company will do the same.
Having a charge on your property means you can’t sell the property or raise money against it without approval of the first charge holder. It also means that if you default on your loan/mortgage repayments, the lender can force the sale of the property to get their money back.
A first charge, as the name suggests, is the sole or primary charge on the property, taking precedence against any other charges. A second charge is a legal interest in a property that is secondary to the first charge, but which supersedes any later legal interest.
In the case of owner occupiers, we will offer bridging loans for residential property where we hold the first or second charge. In the case of residential property developers, we will offer a larger loan as holder of the first charge.
If your bridging loan will be a second charge, you’ll need the first charge holder to consent.
Size of loan and speed are the major benefits. Attempt to raise short-term finance loans via traditional routes and the opportunity will often have evaporated long before the decision is made.
Bridging finance with ABC is different. You submit your request and details of the security. We provide a decision in principal almost immediately. That then leaves you free to press ahead with your property purchase or re-development while we get everything finalised.
Essentially, there are two types of residential bridging finance applicants:
Owner occupiers: people who plan to live in the property they’re buying; and
Residential property investors: people who intend to buy residential property not to live in, but to rent out or sell-on.
Each group will have differing reasons for choosing a bridging loan.
Yes. We provide short-term residential bridging loans across the UK including England, Scotland and Wales.
