Trinity‘s brokers have access to market-leading bridging loan rates to help clients raise funds quickly.
Bridging loans have increased in popularity as buyers act to secure cheaper properties often when they cannot find a buyer for their homes.
The most popular reasons for bridging loans include:
- Chain breaks – the classic scenario – bridging loans enable the chain to continue if a buyer pulls out. The seller can proceed with the transaction and repay the loan when they sell their property.
- Property refurbishment – bridging loans enable buyers to complete light and heavy refurbishments if a property is not habitable or suitable for mortgage purposes.
- Developer exit – some developers do not sell their properties before the finance is due to be repaid – a bridging facility can clear potentially expensive development finance as well as release further cash to finish the build.
- Auction purchases – an ideal way to ensure that the 28-day deadline is achieved if a buyer has not applied for a mortgage.
What is the cheapest bridging rate?
Trinity Financial has access to non-regulated bridging loan rates starting from 0.48% per month rising to 0.75% per month.
Maximum 75% loan-to-value
Maximum 36-month term
2% arrangement fee added + £295 admin fee
Minimum loan £75,000 loan with a maximum of £15 million
First charges only
Trinity Financial lowest bridging loan rate starts from 0.48% per month up to 50% loan-to-value. There is a 2% completion fee, and it is available for loans between £75,000 and £15 million.
The rate increases up to 0.55% per month at 55% loan-to-value, or 0.59% per month up to 65% loan-to-value. It increases to 0.75% per month up to 75% loan-to-value.
Call Trinity Financial on 020 7016 0790 to secure a fast bridging loan