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Why Choose Us

0 %
5-star reviews on Google
0
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market
£ 0
total donated to various charities

Why Choose Us

0 %
5-star reviews on Google
£ 0
total donated to various charities
0
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market

Navigating the realms of property finance can be complex, but Ascot Mortgages, your dedicated broker, is here to guide you through the myriad options available without any hidden fee. In the diverse landscape of lending, land bridging loans have emerged as a versatile solution for many borrowers. These loans are specifically tailored for individuals and companies seeking to secure finance for land transactions.

What Our Clients Say About Us

5.0 Based on 142 reviews from review us onAreti D. ★★★★★ Absolutely thrilled with the exceptional service provided by Ascot Mortgages Ltd and especially by Natalia Barry! Even though our home purchase hasn't been completed yet, we couldn't wait to share our positive experience. From the moment we reached out, their professionalism and expertise shone through, making the daunting process of securing a mortgage a breeze.Not only did Natalia navigate the intricacies of the mortgage market with finesse, but they went above and beyond by suggesting other high-quality services, including solicitors and insurance providers. This comprehensive approach is making the entire home-buying journey seamless and stress-free.Natalia took the time to understand our unique needs and financial situation, ensuring that the options presented were tailored perfectly.Communication is prompt and clear throughout, leaving us feeling informed and confident at every stage. Natalia had our best interests at heart, going the extra mile to secure a fantastic mortgage deal.We cannot recommend Ascot Mortgages and Natalia highly enough. If you're in need of mortgage assistance, look no further. With their expertise and dedication to client satisfaction, you're in the best hands possible. A huge thank you to Natalia for making our home-buying experience a dream come true!Ashley Cox 1. ★★★★★ Would 100% recommend. Myself and my partner are currently going through the mortgage process as first time buyers. Natalia Barry has dealt with our application from day one. She has always been on hand to help, informative throughout and reliable when we have had questions. She has given us several options and broken them down into simple terms to help us. Natalia has truly been exceptional who deserves every bit of credit. We certainly got lucky having her as our first mortgage consultant.Dominik S. ★★★★★ Alison and the Ascot Team are excellent. I have used them for 5 years now and they deliver the most competitive mortgage deals fast. Just what I need. Thank you!Eric T. ★★★★★ We have dealt with Ascot Mortgages twice. Once for a mortgage about eleven years ago and recently for life insurance.In both cases we were treated with the utmost respect and professionalism.In the case of the life insurance application, we considered ourselves to be problem customers because of our age and numerous health issues.Richard Johnson, who managed this application couldn't have been more helpful.He worked in our best interest and was dedicated to providing an excellent service.We were kept up to date through all of the stages of the application and when our doctors were very slow in producing medical reports for the insurance company he persisted where others might have given up.The service we had from Richard was pleasant and professional throughout some difficult stages.My wife and I have no hesitation in recommending Ascot Mortgages.Zack R. ★★★★★ Having dealt with Ascot Mortgages and Alison for many years now I can say that you wont find a more professional, knowledgeable and efficient company to help with your mortgage. Alison is patient and makes the whole process seem easy. She has the answer to any question you have and seems to genuinely care. I can not recommend enough. I am sure I will be using Ascot Mortgages for years to come.Umair Z. ★★★★★ It has been a fantastic experience to work with both Phil and Jardelle at Ascot Mortgages to secure a mortgage product for my first home. Phil made the mortgage process smooth and easy. They are professionals and know what they are doing. Very pleased with the service and communication. would highly recommend them.Hello at NLP West M. ★★★★★ I needed a buy to let re-mortgage. Ascot were efficient from start to finish. I can recommend them completely especially because they can search the whole spectrum of mortgage lenders and meet the clients needs. never waiting for staff to get back and always kept me in the loop.Onohomen O. ★★★★★ ZHOU J. ★★★★★ It has been a brilliant experience to work with both Phil and Jardelle at Ascot Mortgages to secure a great mortgage product for our next home. Given how challenging the current market is, they have done a fantastic job to meet our needs with their expertise, professionalism and effectiveness. We would highly recommend their services to whom seeks help with their property purchase.Nicholas S. ★★★★★ Fantastic service. Ellie and Jardelle were always quick to reply to any queries and very helpful throughout the process. Highly recommend!Stacey S. ★★★★★ Jason was brilliant to work with! Always on top of the transaction! Would highly recommend 👍Scott ★★★★★ Although I've not bought anything yet, they (Jason in particular) have been super helpful in my search for the right mortgage deal, whilst also giving an honest opinion during these difficult times. Would highly recommend.Sandra I. ★★★★★ Fantastic from start to finish! Natalia and Jason found me the best rate for my remortgage and they were extremely efficient! Best service I’ve ever received from a brokerage company. Thanks so much.Virmantas N. ★★★★★ Amazing service and great communication. Ellie Morgan had quickly completed all requests and over delivered all expectations.Highly recommended for those who want to get the stuff done without any delays!David W. ★★★★★ I have used ascot for 3 renewals since they done helped me with my purchase which was complicated and will continue to use them going forward. Very fair prices and very helpful and knowledgeable even with just general information.Adam B. ★★★★★ Natalia made life very easy for us when remortgaging. Third time using ascot always a breezeTaff G. ★★★★★ Ascot Mortgages have been brilliant. Easy to work with and incredibly helpful. I am always happy to recommend them. Natalia and Jason have made the whole process much easier than I was expecting. Excellent service.Daryl L. ★★★★★ We've had a fantastic experience with Natalia Barry and Jason Jones at Ascot Mortgages for our property purchases and refinancing. Their expertise, coupled with genuine care and understanding of our needs, made the process smooth and stress-free.They were consistently communicative, keeping us informed at every step. Their assistance in consolidating our protection cover was invaluable, simplifying what could have been a complex process.What set them apart was their personal touch – always polite and ready to pick up the phone for a chat. This level of personal engagement is rare and much appreciated.In short, Natalia and Jason are not just skilled professionals but also truly dedicated to their clients. We highly recommend their services to anyone in need of mortgage advice.Sarah A. ★★★★★ I have used this firm for several years and they have always been super helpful and supportive, attentive and resolved issues in really useful ways. Shout out to Alison, Ellie and Jardelle (and the team!)Georgia W. ★★★★★ We worked with Ellie to secure our mortgage and protection, and she was a dream! Being a first time buyer, I was quite clueless about the process, and in a time where mortgage rates have been quite high, she worked right til the end to make sure we were getting our mortgage at the best possible rate and was always available to answer all questions I had. Can't recommend enough 🙂Richard D. ★★★★★ Laura S. ★★★★★ As a first time buyer, trying to navigate through potential mortgages was a very daunting thought. Ascot Mortgages were recommended to me and I've been extremely happy with the service provided. They have guided me through every step and I finally have a mortgage. Very pleased and would recommend.Lucy B. ★★★★★ Having Phil as my mortgage advisor was great from the very start! He is down to earth and speaking to him was always a pleasure. The kindness, compassion and support I have been given all the way through what can be a stressful process was immeasurable. Phil and Jardelle worked as a solid team and was able to make me feel at ease all the way through buying my first home. The team were always available and the communication between everyone was always clear and I felt safe in the hands of the company as a whole. Thank you for helping me buy my first home!Flora R. ★★★★★ I worked with Richard (Protection Adviser) for a couple of days to sort out life and critical illness insurance. Absolutely brilliant, he found me and my husband the perfect policy. Very knowledgeable and easy to get on, he definetely makes things easy to understand. Thank you for the great service provided.Matthew R. ★★★★★ I've dealt with Phil at Ascot Mortgages for a while now and Phil always comes back back to me with the right plan.Keep the good work up!js_loader

Written by:

Phil Greenwood

Ascot Bridging Expert

Last Updated:

07.10.2023

Written by:

Phil Greenwood

Ascot Bridging Expert

Last Updated:

07.10.2023

How can Land Bridging Finance be used?

Land bridging finance is a multifaceted tool, with applications spanning a range of scenarios. Whether you are an individual, a developer, or a commercial entity, this type of loan can provide a bridge to meet your financial needs. Here are some common use cases:

  1. Land Purchase: Acquiring land for development, whether residential or commercial.
  2. Planning Permission: Securing funds to navigate through the planning permission phase.
  3. Development: Financing the initial stages of construction before securing a long-term mortgage.
  4. Auction Purchases: Swiftly accessing funds for buying land at auction.

Key Features of Bridging Loans for Land:

Bridging loans for land are characterized by several distinctive features that cater to the unique needs of borrowers. Some of the salient features include:

– Speed: Quick approval and fund disbursement.

– Flexibility: Customizable repayment terms and loan amounts.

– Short-term: Typically designed for temporary financial needs.

Interest Rates: Competitive rates to manage borrowing costs.

– Security: The loan is usually secured against the land or another property.

Lending Criteria for Land Bridging Finance

To avail of land bridging finance, borrowers need to meet certain lending criteria set forth by the lender. These typically include:

– Valuation of Land: A professional assessment of the land’s market value.

– Exit Strategy: A clear and viable plan for repaying the loan.

– Loan-to-Value (LTV): The proportion of the land’s value that can be borrowed.

– Borrower’s Profile: Assessment of credit history, financial stability, and experience, often assessed by a broker.

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Advantages of Land Bridging Finance

Opting for land bridging finance comes with a host of advantages:

  1. Speed: Rapid access to funds for time-sensitive land purchases.
  2. Flexibility: Tailored solutions that align with individual borrower needs.
  3. Opportunity Realization: Enabling borrowers to seize time-limited investment opportunities before they die out.
  4. Short-term Solution: Ideal for fulfilling immediate financial requirements while arranging long-term finance.

Disadvantages of Land Bridging Finance

While land bridging finance offers numerous benefits, borrowers should also be cognizant of potential downsides:

– Cost: Can be more expensive than traditional financing options, with additional broker fees.

– Risk: Potential risk of property repossession if the loan cannot be repaid.

– Dependency on Exit Strategy: The success of the loan is heavily reliant on a sound exit strategy.

Does the Land need to have Planning Permission?

For land bridging loans, having planning permission can enhance the appeal of the application. However, it is not a strict prerequisite. Loans can be secured for lands both with and without planning permission, depending on the lender’s criteria and the borrower’s exit strategy.

Loan-to-Value (LTV) for Land Bridging Finance

The LTV for land bridging finance typically ranges between 50% and 70%. However, this can vary based on the lender’s policies, the nature of the land, and the borrower’s financial standing.

Alison Gibson

Ascot Mortgage Expert

Remortgage

Remortgaging is applied when you keep

living in your present property while applying for another mortgage deal with a new lender. Before finding out how to remortgage and get the best offers from experts like Ascot Mortgages, you have to check meeting what parameters of the deal that can help you succeed the most. The range of background factors varies a lot — from the recently changed loan-to-value ratio or your existing agreement coming to an end.

Whether you are trying to get a more beneficial deal or searching for funding to improve your home conditions, remortgaging is one of the most advantageous scenarios to consider.

Loan Duration for Land Bridging Finance

Land bridging loans are inherently short-term, generally ranging from 3 months to 24 months. The duration is influenced by the borrower’s needs, the development timeline, and the lender’s terms.

Information Required for a Land Loan Application

Applying for a land loan necessitates the submission of several key pieces of information:

– Details of the Land: Location, size, usage, and valuation.

– Purpose of the Loan: Clear articulation of the intended use of funds.

– Exit Strategy: Comprehensive plan detailing how the loan will be repaid.

– Financial Documentation: Evidence of financial stability and creditworthiness.

Types of Land Purchased in the UK

In the UK, the types of land purchased using bridging finance are diverse, encompassing:

  1. Residential Land: For the development of houses, apartments, and other dwellings.
  2. Commercial Land: Land intended for business premises, retail spaces, and offices.
  3. Agricultural Land: Land used for farming and agricultural activities.
  4. Mixed-Use Land: Combining residential, commercial, and/or agricultural uses.

In conclusion, Ascot Mortgages offers a gateway to the world of land bridging loans, guiding borrowers through every step of the journey. Whether you are looking to purchase, develop, or secure planning permission, our team of broker experts is here to help you navigate the options and find the perfect solution tailored to your needs without any unnecessary fees.

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FAQ

Absolutely, having a mortgage on another property does not preclude you from applying for a land bridging loan with Ascot Mortgages. We assess each application based on its individual merits, the viability of the project, and your ability to repay the loan.

Generally, land bridging loans are versatile, and there are few restrictions on usage. The funds are typically utilised for purchasing land, securing planning permission, or starting development. However, it is essential to clearly state the purpose of the loan in your application and discuss it with our team at Ascot Mortgages to ensure compliance with UK regulations.

If you anticipate difficulties in repaying your land bridging loan on time, it is crucial to contact Ascot Mortgages at the earliest opportunity. We are committed to finding a resolution and may discuss options such as restructuring the loan or exploring alternative financing solutions, all in accordance with UK lending practices and regulations.

Extensions of the loan term may be possible, subject to an assessment of your circumstances and the reasons for the extension request. Ascot Mortgages evaluates such requests on a case-by-case basis, ensuring alignment with UK lending guidelines and the borrower’s capability to fulfil the revised terms.

Yes, employing a solicitor is a requirement for obtaining a land bridging loan as it involves legal processes such as land transfer and securing charges on the property. A solicitor will ensure that all legalities are correctly managed and that both parties’ interests are protected, in adherence to UK property law.

Certainly, one of the common uses of land bridging loans is for property development. Whether you are commencing a new build, renovation, or securing planning permissions, Ascot Mortgages can tailor a loan to suit your specific development needs, in compliance with UK financial regulations.

Applicants for land bridging loans typically need to be at least 18 years of age. However, some lenders, including Ascot Mortgages, may have additional age-related criteria depending on the loan type and term. We recommend discussing your individual circumstances with our team to ascertain eligibility. For any additional questions or tailored advice, please do not hesitate to reach out to our dedicated team at Ascot Mortgages, and we will be happy to guide you through the process.

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