Our expert property development knowledge and experience is what sets us apart from our competitors.
Property development is fast-paced in the UK. No matter if it’s a small-scale project or a large development plan, instant access to funds is essential to get your project moving. Securing property can be time-dependent, and without the appropriate bridging finance available at your fingertips, things can quickly spiral into chaos.
All the planning, regulations and precise preparations count for nothing if you can’t access the much-needed finance in time. At Pinnacle, we can help change that. Bridging finance for a property development project can help turn your situation around quickly. So, whether you are running a “ground up” property development project or focusing on more minor plans, such as an extension, our bridging finance solutions can help you realise the project with that much-needed cash injection.
The amount that can be borrowed will be dependent on the plans for the funds and the value of the security that the loan is being guaranteed against. Our brokers will be able to tell you swiftly how much you could borrow as a maximum, and what terms of expect such as length of finance and the rate / fees applicable.
In order to qualify for a bridging loan there needs to be a valid reason for the finance. This can cover a range of areas, which our advisors will help you with. There are lenders who will be comfortable with poor credit profiles and low income situations, whilst the most suitable lender and deal will be determined by the overall lending proposal.
Bridging finance is a essentially short-term funding option used to 'bridge' a gap between a debt coming due and the main line of credit becoming available. It can also be used to fund a new purchase as a means of short-term credit, typically up to a term of 1 year, and is relevant when a conventional form of lending is unavailable / unsuitable.
To apply simply get in touch with one of the team, who will talk you through the options and take further details from you as to your plans. Click on our ‘contact us’ page for details on how to get in touch with us.
Bridging loans are not necessarily cheap compared to the setup costs of a conventional mortgage, however this is dependent on your circumstances, preferences, and the deal selected. You can elect in most cases to have fees added to the loan, which is something your broker will explain in detail, and show you all scenarios available.
We offer bespoke services ranging from conventional mortgage advice through to commercial loans and home insurance.