Fast Bridging Finance
What is fast bridging loans?
Bridging loans are a speciality finance project and new borrowers should proceed with caution if they are new to property finance or development, or are unclear about the features of this short-term bridging finance product.
Keen to find out more about bridging finance? Whatever your project or circumstances, Hank Zarihs Associates is your first choice for the best quick, instant and fast bridging loans on the market, offered by our trusted lenders with significant expertise in the field. What’s more, our intermediary service can make your access to finance for finance far quicker and easier thanks to the expertise of our team, and the relationships that we have with our expert lending panel. Read on to find out more.
Why do people use Bridging loans in the UK?
Bridging finance exists to plug the financial gap for property transactions. It is commonly used with property purchases such as:
- When a chain exists and the borrower wants to buy their next property before their existing one is sold.
- When a buyer is purchasing a property from an auction
- In any circumstance where the borrower needs access to rapid property finance, with the minimum of paperwork or hassle.
- Where a property needs refurbishment before being sold.
Where a traditional mortgage cannot be taken out on a property, such as a property which is unfit for human habitation, pending remedial works
Why choose Hank Zarihs Associates?
Hank Zarihs Associates are specialist and highly-experienced intermediaries in the instant bridging loans and investment funding industry. We work with a tried and tested panel of specialist funders with an excellent track record in the market, who can offer high leverage and gearing.
- An excellent track record
With our knowledge and experience, we are able to present lending cases to our panel in a format which is most likely to increase your chances of being offered attractive development finance. By following a comprehensive due diligence process with each client we make it possible to find the right development loan in the UK, quickly and efficiently – from the right lender.
- Adding value
What’s more, we are able to add value at every step of the process, with in-depth knowledge and guidance, designed to help our clients match up with the right lender, for the ideal loan. We recognise that development loans are usually complex, so our service ensures that clients are best placed for acceptance from our lending panel.
- Relationship-building
We’re also proud to work with most of our clients on a repeat business basis – by proving the value of our service at every turn and by building long-term relationships with our developer clients. Whatever your level of experience, size of project or development loan need, you can be guaranteed of a superb experience with the team of friendly and helpful experts at Hank Zarihs Associates.
- Helping you saving more
We can save you money too, as we work with property development finance lenders who offer specific deals on development finance for intermediaries – cutting-out the middleman and meaning that our clients can access even more attractive deals on their borrowing – with our help, expertise and support at every step of the way.
Apply for a fast bridging mortgage
Ready to apply for finance? We work with a tried and trusted panel of development lenders who are actively lending. The deals that we can recommend to our clients are updated daily, so you have complete peace of mind that you are receiving details of the best possible development finance products on the market in real-time.
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Or Call Us Now +44 (0) 20 3889 4403
Use our bridging loan calculator
A bridging loan will be offered at a range of different interest rates, depending on the lender and the borrower’s own situation. To find out the latest / typical finance rates on your bridging mortgage, we have created a handy calculator that allows you to get an indication of what your repayments would be.
Tips for Borrowers
Bridging loans are a speciality finance project and new borrowers should proceed with caution if they are new to property finance or development, or are unclear about the features of this short-term bridging finance product. Tips for success include:
Find The Right Lender
Many borrowers will use a bridging finance broker because this type of product isn’t usually available through a high street lender. Look for a broker who can provide access to best in class lenders – many of whom will only offer finance through brokers and who don’t deal directly with customers. Find a broker with a panel of trusted lenders and experience in the field. A quick process and ready access to funding, without lots of paperwork or hassle, is also crucial for most borrowers!
Calculate Your Fees
Look out for a bridging finance provider which offers options for zero exit fee bridging loans. Exit fees can be expensive and are charged on top of the bridging finance administration fee and interest charges. Use the online bridging loan calculator at Hans Zarihs to see the effect that different interest rates, loan terms and fees have on the total cost of borrowing. This total cost is important when weighing up different products.
Flexible Finance Features
Look out too for flexible features such as the ability to roll over, deduct or service interest payments depending on your needs. Open and closed bridging finance deals may also be of interest to you, depending on whether you expect to be receiving sale proceeds or a mortgage income at a certain defined point, or you wish to keep the bridging loan facility open on a more flexible basis, pending confirmation of your redemption arrangements.
Great Customer Service
A good bridging loan intermediary or provider will always be committed to great customer service and will take the time to explain unfamiliar terms and to ascertain your individual needs in order to provide the right product. At Hans Zarihs, we only need a few minutes to gather all relevant information in order to send you an instant range of bridging loan quotes from our panel of tried and tested lenders. The finance process is then extremely quick and we manage it for from start to finish, packaging up your application and managing the paperwork for your lenders so that you don’t need to spend lots of time on form-filling!
Speed and Efficiency
We have also invested in the latest digital systems that allow us to operate on a slick, efficient and fast basis for the benefit of our customers. Not only does it just take around 20 minutes to return your personalised list of bridging loan quotes from our panel, once you submit your needs, but your finance can be made available in as little as 3 days, depending on the lender that you prefer and the bridging finance product that best suits your needs. We strive to be as rapid and as efficient as possible at all times, smoothing the process with our expertise and experience so that your funds will be with you as soon as possible. If the standard 3-7 day turnaround time isn’t quick enough for your project, please get in touch anyway and we will see what is available!
Book an Appointment
Would you like to Discuss what options are available?
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Appointments 7 days a week |
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From 7am till 10pm |
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No Obligation |
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Terms Issued within Minutes |
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Friendly, Experience Advisors |
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Residential bridging finance
Bridging finance exists to plug the financial gap for property transactions. It is commonly used with property purchases such as:
- When a chain exists and the borrower wants to buy their next property before their existing one is sold.
- When a buyer is purchasing a property from an auction
- In any circumstance where the borrower needs access to rapid property finance, with the minimum of paperwork or hassle.
- Where a property needs refurbishment before being sold.
- Where a traditional mortgage cannot be taken out on a property, such as a property which is unfit for human habitation, pending remedial works.
Fast Bridging loan rates
| Product | Max LTV | Up to 50% LTV | 50.01 – 65.00% LTV | 65.01 – 75.00% LTV | Term & Repayment | Arrangement Fee |
|---|---|---|---|---|---|---|
| Residential
Including Light Refurbishment
|
Up to 75%
Lower of PP or MV |
0.43% pm | 0.53% pm | 0.60% pm | Maximum term 24 months No minimum interest or ERCs Interest Fully Rolled Up, Part-Rolled Up or Serviced (subject to affordability) The net advance will be less total potential interest over the term with the gross loan calculated as interest for the entire term and the arrangement fee added. |
1% -1.5%
Full fee added to
the loan. |
| Semi Commercial
Including Light Refurbishment
|
Up to 75%
Lower of PP or MV |
0.6% pm | 0.6% pm | 0.6% pm | ||
| Commercial
Including Light Refurbishment
|
Up to 70%
Lower of PP or MV |
0.75% pm | ||||
| Residential
Heavy Refurbishment
|
Up to 75%
Lower of PP or MV |
0.60% pm | 0.65% pm | 0.7% pm | ||
| Commercial and Semi Commercial
Heavy Refurbishment
|
Up to 70%
Lower of PP or MV |
0.83% pm | 0.83% pm | 0.7% pm | ||
Can I get a bridge loan if I have a CCJ?
Bridging loans don’t really work like they do in retail banking or with a personal mortgage whereby a decision is made solely on your personal credit history. Our panel of lenders tend to judge a client on their individual circumstances and, actually, it’s usually more important for you to be able to demonstrate a successful track record over a certain term.
Lenders will also sometimes ask for a business plan or a redemption plan that shows what you intend to do with the bridging loan and what the money will be spent on so that they can see if it fits their risk profile.
Ultimately, to get an affirmative application with a lender we recommend speaking to our team of experienced bridging finance brokers who can help you with all of this and assist you in putting together an affirmative plan that’s likely to be accepted.
Features of residential loans
How much can I borrow on a bridging loan
This will depend according to your circumstances and will be depending on a number of factors. Primarily lenders will want to know things like what your Gross Development Value (GDV) is, what the Loan To Value (LTV) percentage is as well as things like your credit past and your record with property development.
Typically, however, you can obtain fast bridging loans that would provide up to 70%-80% of the value of the property, and anywhere between £250,000 to £50,000,000 depending on the lender.
Short timescales
Bridging finance is usually offered from one month to 18 months. These are not long-term loans, such as a mortgage, and the short timescale is reflected in the higher interest rate.
Offered on an experience basis
Many bridging loans are offered on receipt of a business case, redemption plan or other types of evidence that show how the finance will be used, what the plan is to repay it and that the plan for doing so is workable and in line with the lender’s risk profile. For example, more experienced property developers will naturally be able to borrow larger bridging loans at short notice than a first-time auction buyer. Speak to your broker to present your case in the best possible way, so that lenders can offer you the best deal. At Hans Zarihs we do this for all of our clients so that they can receive the right bridging loan offers for their needs. We are always clear, transparent and helpful – providing tailored illustrations and all necessary information to help with decision-making. Whatever queries you might have, we are here to assist.
Specialist lenders
Asking where can I get a bridging loan? The answer is probably with a specialist provider, accessed via a broker. Most bridging finance is offered via specialist brokers who work with a panel of property-focused lenders. This is a niche product which tends to be used by more experienced and sophisticated borrowers who are either developing their own property through auction or refurbishment means, who want to build a property portfolio or who are expanding a portfolio using a range of financial tools. A specialist broker, such as Hans Zarihs, will provide:
- Access to a tried and tested panel of bridging finance lenders for bridging loans
- A rapid process with only a short form to receive initial quotes and offers
- Generous and flexible terms, designed around the customer
- A visible commitment to customer service
- Excellent reviews and a trusted track record.