Bridging Loans For Property Developers

Speak to an Expert Advisor

or

Let us Look Into The Best Rates

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

In the dynamic world of property development, having access to fast, flexible financing is crucial for every investor. Ascot Mortgages specialises in offering tailored bridging loans for property developers looking to buy and develop properties, enabling developers to kickstart projects, seize opportunities, and manage cash flow efficiently.

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 bridging loans help property developers?

Bridging loans serve as a linchpin for property developers and investors, offering several advantages:

  1. Quick Funding: Bridging loans ensure quick access to funds, aiding in immediate project commencement or property acquisition for those looking to buy swiftly.
  2. Cash Flow Management: They help in managing cash flow efficiently by providing the necessary funds when traditional financing options may be slow.
  3. Flexibility: With bespoke terms and adaptable repayment options, bridging finance can be tailored to suit the unique needs of each development project.
  4. Auction Purchases: Developers and investors can use bridging finance to secure properties at auctions swiftly.
  5. Renovation and Conversion: These loans can fund the renovation or conversion of properties, thereby increasing their market value for a profitable buy.

How much can I borrow with bridging finance?

The amount a property developer or investor can borrow using bridging finance for property development depends on various factors, including the project’s nature, property value, and the lender’s criteria. Typically, Ascot Mortgages offers:

– Competitive loan-to-value (LTV) ratios.

– Customised loan amounts based on individual needs and project specifications for those looking to buy.

– Transparent and straightforward fee structures.

A detailed assessment of your project and financial standing will help determine the suitable loan amount for those keen to invest.

Mortgage Repayment Calculator

What interest rates should I expect to pay?

Interest rates on bridging loans vary, depending on factors such as the loan amount, term, and the perceived risk by the lender. Ascot Mortgages strives to offer competitive rates, with options including:

– Monthly interest payments.

– Rolled-up interest, where the interest is added to the loan and paid at the end of the term.

– Retained interest, allowing borrowers to retain a portion of the loan to cover interest payments.

Discussing your project specifics with our experts will help identify the most cost-effective interest rate structure for your needs.

Can bridging loans be taken out in the name of a limited company?

Yes, bridging loans can indeed be taken out in the name of a limited company. This option is particularly advantageous for property developers and business owners looking to separate personal and business finances. We can guide limited companies through the application process, ensuring compliance with all regulatory requirements and securing optimal loan terms.

How does a bridging loan differ from development finance?

While both bridging loan for property development and development finance serve the property sector, they cater to different needs and stages of property development:

– Bridging Loans: These are short-term financing options, typically used for immediate funding needs, such as purchasing property quickly or covering gaps in cash flow.

– Development Finance: This is a longer-term solution, designed to fund the entire construction and development process, from land acquisition to building completion.

Understanding the distinct functionalities of these financial tools is vital for investors choosing the right funding option for your project.

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.

Refinancing to a bridging loan from development finance

Refinancing from development finance to a bridging loan can be a strategic move for property developers. This approach can offer:

– Enhanced flexibility and adaptability to changing project needs.

– Potentially lower interest rates, depending on market conditions and project specifics.

– Access to additional funds for project completion or addressing unexpected costs.

Our Bridging Expert can assist developers in navigating the refinancing process, ensuring a smooth transition and favourable terms.

Raising capital using a bridging loan

Bridging loans are instrumental in raising capital for property developers. Whether it’s for acquiring new properties, renovating existing ones, or covering unexpected project expenses, bridging finance offers a quick and flexible solution. With our advisor, you can secure:

– Tailored loan options to meet specific capital-raising needs for buying properties.

– Competitive interest rates and transparent fee structures.

– Expert advice and guidance throughout the loan process for savvy investors.

In conclusion, bridging loans for property development are an invaluable resource for developers and investors, offering speed, flexibility, and adaptability. Ascot Mortgages, with its expertise and commitment to client success, stands as a reliable partner for all your bridging finance needs, whether you are looking to buy or develop.

Apply for a Mortgage

Get things moving, apply for a remortgage.

Call Now - 01925 711 558

Free unbiased mortgage advice is just a phone call away.

FAQ

Valuations play a critical role in determining the loan amount for property developers. They provide an accurate assessment of the market value of the property in its current state and its potential value post-development. Lenders, including Ascot Mortgages, use this valuation to calculate the Loan to Value (LTV) ratio, which subsequently influences the amount of money that can be borrowed. The LTV ratio ensures that the loan amount is proportionate to the value of the property, mitigating risks for both the lender and the borrower.

Yes, foreign property developers seeking bridging loans in the UK must meet specific eligibility criteria. These often include providing proof of identity, evidence of experience in property development, and details of the development project. Additionally, foreign developers may be required to establish a UK-based company or have a UK guarantor depending on the lender’s policies. Ascot Mortgages assesses each application on an individual basis to determine eligibility and ensure compliance with UK regulations.

Absolutely, property developers can utilise bridging loans to refinance existing debts. Bridging loans are versatile, and refinancing is one of their common uses. Developers may seek to consolidate debts or secure additional funds for project completion through refinancing. Ascot Mortgages offers tailored solutions, examining the specific needs and financial circumstances of each client to propose the most suitable refinancing options, in line with UK lending standards.

Bridging loans are instrumental in supporting property chain transactions. When property developers are part of a chain, delays can occur due to various reasons, such as a buyer pulling out or delays in obtaining planning permission. A bridging loan from Ascot Mortgages provides interim financing, enabling developers to proceed with their purchase or development without waiting for the chain to complete. This ensures continuity in transactions, preventing delays and potential financial losses, all within the bounds of UK property law. For further queries or personalised advice, please contact our expert team at Ascot Mortgages, and we will be delighted to assist you.

Meet Our Team

Video

Contact Us

*Privacy Notice - Any information provided will be treated with confidentiality and will only be accessible within Ascot Mortgages