Bridging Finance

Looking for a fast and secure funding option for your plans? Castle View Finance offers bridging loans, a short-term mortgage designed to assist developers and real estate buyers. With faster delivery of funds compared to traditional mortgages, bridging loans provide high-end security and relevance. While these loans come with higher fees and interest rates, they can be a worthwhile investment for various scenarios.

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Who Can Benefit from Bridging Loans?

Castle View Finance caters to customers aged 18 and above, offering flexible eligibility criteria based on factors such as property type, location, deposit size, credit history, and proof of income. Bridging finance solutions are advantageous in the following situations:

Property Sale and Purchase: Secure your decision to sell your current property and buy a new one within a limited timeframe. Bridging loans can also cover the down payment for your new home, providing a seamless transition.

Unmortgageable Properties: If you encounter difficulties obtaining a standard mortgage due to the condition of the property, Bridging loans offer a viable solution.

Quick Sell-and-Buy Decisions: Purchase a property swiftly by using a bridge loan to contribute to the down payment. This allows you to make faster decisions and repay the loan once you have the means.

What Are Bridging Loans Used For?

Property Purchases

Whether you’re buying a dream home or investing in a new development, Castle View Finance can arrange the best bridging finance opportunity for secure and fast funding. You can quickly purchase residential, semi-commercial, or commercial properties with their assistance. They can also help with land purchases, with or without planning permission.

Building, Refurbishment, and Extension Projects

Castle View Finance, through their network of lenders, can facilitate funding for your building, refurbishment, or extension projects. Develop existing commercial buildings into flats or convert large houses into HMOs. You can also undertake self-build projects, barn conversions, refurbishments, or extensions to create your ideal living space.

Raising Funds

When traditional bank loans may not be suitable, Castle View Finance can arrange flexible bridging loans. They can help you obtain financing for unmortgageable properties, allow you to buy before selling, assist with cash flow requirements, offer consumer buy-to-let loans, and even accommodate foreign currency loans.

Financing Projects

Investors, businesses, and entrepreneurs can leverage bridging loans for purchasing assets, increasing business cash flow, investing in overseas projects, and making various tax payments, such as income, capital gains, corporation, VAT, and PAYE.

Types of Bridging Loans We Offer

1.

Closed Bridging Loan: This type of loan features a precise repayment date, allowing you to plan your finances accordingly. Enjoy a slightly lower interest rate with this secure option.

2.

Open Bridging Loan: With an open bridging loan, flexibility is key. There are no preset repayment dates, giving you the freedom to manage your funds effectively. While interest rates are higher, this option accommodates unforeseen circumstances.

3.

First Charge and Second Charge: Secure your financial agreements on your home with a first charge option, ensuring repayment obligations are met. Alternatively, choose a second charge for a larger loan amount and longer repayment term.

4.

Fixed or Variable Interest: Select the interest rate option that suits your preferences. Opt for fixed interest rates when market rates rise or variable interest rates when rates are lowered.

Unlock Seamless Bridging Finance Solutions

Your Bridge to Informed Decision-Making

Ready to find the perfect bridging loan options for your needs? Let us simplify your search and secure the ideal financing solution for your property plans. Start now and discover the bridge to your financial goals!

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Bridging Loans - Frequently Asked Questions

  • How can I secure funding to purchase a new property before selling my current one?

    Bridging finance presents a viable solution for individuals seeking interim financing to facilitate a property purchase before the sale of an existing one. This type of financing bridges the gap between transactions, providing borrowers with short-term capital to complete the purchase while awaiting the sale proceeds from their current property. Castle View Finance can provide tailored bridging solutions, offering competitive rates and expedited processing to ensure a seamless transition between properties.

  • What options are available for short-term financing while I renovate a property for resale?

    Bridging finance offers flexible financing options for property renovation projects aimed at maximising resale value. With this type of financing, investors can access short-term capital to cover renovation costs, enabling them to enhance the property’s market appeal and increase its potential selling price.

  • Are there loans specifically designed to bridge the gap between property purchases and sales?

    Yes, bridging finance is tailored to address the temporary financial gap between property transactions. Castle View Finance offers bespoke bridging solutions tailored to meet the unique needs of each client. This type of financing provides borrowers with the necessary funds to complete a property purchase while awaiting the sale of another property. Bridging loans typically have shorter terms and expedited approval processes compared to traditional mortgages.

  • How can I access funds quickly to seize a time-sensitive investment opportunity?

    Castle View Finance understands the importance of acting swiftly in seizing time-sensitive investment opportunities. Through our prompt application process and efficient procedures, our bridging finance offers a swift and efficient means of accessing capital to capitalise on time-sensitive investment opportunities. With streamlined application processes and expedited funding, we help borrowers quickly secure financing to seize lucrative investment prospects, whether in the property market or other industries.

  • Is there a way to obtain financing to cover unexpected business expenses temporarily?

    Bridging finance from Castle View Finance offers a viable solution for businesses facing unexpected cash flow challenges or urgent financial needs. This type of financing provides businesses with short-term liquidity to address unforeseen expenses, bridge revenue shortfalls, or capitalise on growth opportunities while awaiting more permanent funding solutions.

  • What are the requirements for obtaining bridging finance for property development projects?

    Castle View Finance specialises in Bridging finance that is tailored to meet the unique financing needs of property development projects. Lenders typically evaluate factors such as the project’s viability, borrower’s experience, property value, and exit strategy when assessing loan eligibility. Our experienced team works closely with developers to understand timelines and objectives to provide lenders with comprehensive project details and demonstrating a clear plan for repayment are key to securing bridging finance for property development. Whether you’re embarking on a residential or commercial development, Castle View Finance can help you to find the necessary funding to support your project’s success.

  • Can bridging finance help me avoid missing out on a property auction due to delayed mortgage approval?

    Absolutely. Bridging finance offers a fast and flexible financing option for property buyers participating in auctions. Unlike traditional mortgages, bridging loans can be approved and funded quickly, allowing buyers to confidently bid on properties at auctions without the risk of missing out due to delays in mortgage approval processes. With Castle View Finance, you can bid with confidence and seize lucrative opportunities at property auctions.

  • Are there lenders who specialise in providing bridging finance for unique situations or niche markets?

    Yes, there are lenders who specialise in offering bespoke bridging finance solutions tailored to unique situations and niche markets. Castle View Finance specialises in sourcing the best bespoke bridging solution for unique situations and niche markets. We understand these specialist lenders and the diverse needs of borrowers and can structure financing arrangements to accommodate specific requirements, whether for non-standard properties, complex transactions, or specialised investment opportunities. Castle View Finance has the expertise and flexibility to support your financial objectives effectively.

  • What are the risks associated with using bridging finance, and how can they be mitigated?

    While bridging finance offers flexibility and speed, it’s important to be aware of potential risks and implement effective risk mitigation strategies. Risks may include higher interest rates, shorter repayment terms, and potential delays in property sales. Castle View Finance works closely with clients to assess risk factors and implement robust risk mitigation strategies tailored to each transaction. Mitigation strategies may involve conducting thorough due diligence, securing appropriate exit strategies, and maintaining open communication with lenders.

    Our team provides transparent guidance and proactive risk management solutions to safeguard our clients’ interests and ensure successful outcomes. With Castle View Finance, you can confidently navigate the complexities of bridging finance while minimising risk exposure.

  • How do I calculate the costs and determine if bridging finance is financially feasible for my situation?

    Our experienced team provides comprehensive cost breakdowns and clear explanations of fees and charges associated with each financing option. It’s essential to conduct a comprehensive financial analysis to determine if bridging finance aligns with your short-term funding needs and long-term financial goals. We recommend getting in touch with one of our brokers to determine the financial feasibility of bridging finance and identify the most suitable financing solution for your needs.

  • How fast can I get a bridging loan?

    The speed of obtaining a bridging loan depends on various factors, such as the complexity of the transaction and the efficiency of the lender. At Castle View Finance, we strive to provide fast turnaround times and can often arrange bridging loans within days.

  • Are bridging loans only available for residential properties?

    No, bridging loans can be used for residential, commercial, and mixed-use properties. They are flexible financing options suitable for various types of real estate transactions.

  • How long can I borrow a bridging loan for?

    Bridging loans are typically short-term loans that range from a few weeks to several months. The duration of the loan depends on the specific needs of the borrower and the exit strategy in place.

  • How is interest charged on a bridging loan?

    Interest on bridging loans is typically calculated monthly and can be paid monthly or rolled up and repaid along with the principal loan amount at the end of the loan term. The interest rates for bridging loans are usually higher than those of traditional mortgages due to their short-term nature.

  • Can I repay a bridging loan early?

    Yes, in most cases, bridging loans can be repaid early without incurring any early repayment charges. However, it is essential to review the terms and conditions of the specific loan agreement to understand any potential penalties or fees.

  • Can I get a bridging loan with bad credit?

    While a good credit history can improve your chances of obtaining a bridging loan, Castle View Finance considers applications from individuals with various credit backgrounds. We assess each case individually and work with our extensive network of lenders to find suitable solutions.

  • What happens if I can't repay the bridging loan on time?

    If you are unable to repay the bridging loan on time, it is crucial to communicate with your lender immediately. Would someone contact you in that circumstance? They can guide you through potential options such as extending the loan term or finding alternative solutions to avoid defaulting
    on the loan.

Ready to explore Bridging loan options?

Contact us

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Find us

15 Finkle Street
Carlisle
Cumbria
CA3 8UU

Get in touch

07464 001509

01228 307132

contact@castleviewfinance.com

Castle View Finance Ltd is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference [983869]

The FCA does not regulate some forms of Business But to Let Mortgages and Commercial Mortgages to Limited Companies.

The information contained within this Website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. We usually charge a fee of £499 standard and £995 complex

Castle View Finance Ltd Registered Address: 15 Finkle Street, Carlisle, Cumbria, CA3 8UU

Registered in England and Wales No: 13698579

Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.

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