Flexible Bridging Finance

Our Flexible Bridging Finance product is designed to provide accessible funding solutions for borrowers who may have adverse credit or limited experience in property investments. This option offers reduced personal guarantee requirements, making it an ideal choice for both new and experienced property investors looking for more accessible financing options.

Lending Criteria Overview

Borrower Details
Types

Inexperienced borrowers considered.

UK individual, LTD Co/LLP, Offshore LTD Co.

Trusts may be considered.
Address history 3 year address history
Adverse credit

Credit issues accepted.

Bankruptcy/IVAs must be discharged/cleared.
Loan Details
PGs

Reduced Personal Guarantees considered.
Terms Up to 24 months.
ERCs

No ERCs, 1 to 3 months minimum interest.
Loan sizes £100k to £5m.
Interest Blended, retained or rolled.
Transactions Purchase, refinance, development exit, finish and exit, auction finance.
Property Requirements
Property types

All property types considered.

Residential and semi-commercial property to 70% of OMV
Refurbishment

Light and moderate refurbishment considered up to 70% OMV/65% LTGDV
Property location

England and Wales.

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First charge fixed monthly rates

 

 % of OMV 70% LTV
Fixed monthly rates from: 0.99%

Tailored Bridging for Unique Borrower Profiles

We understand that not every borrower has a perfect credit history or extensive experience in property development. Our flexible bridging finance accommodates a range of borrower profiles, including:

  • Inexperienced Borrowers: Ideal for those new to property investments or short-term financing.
  • Adverse Credit Considered: We accept applications from those with past credit issues, provided any bankruptcies or IVAs are fully discharged.
  • Reduced Personal Guarantees (PGs): For qualifying applicants, we offer bridging finance with reduced personal guarantee requirements.

Key Features of Flexible Bridging Finance

  1. Loan-to-Value (LTV): Borrow up to 70% of Open Market Value (OMV), allowing for substantial financing on residential and semi-commercial properties.
  2. Competitive Fixed Rates: Enjoy fixed monthly rates starting from 0.99% for first charge bridging, providing a predictable and manageable cost structure.
  3. Flexible Terms: Loan terms are available for up to 24 months, giving borrowers the flexibility to complete their projects within a suitable timeframe.
  4. Variety of Property Types: All property types are considered, with financing available for residential, semi-commercial, and even properties undergoing light to moderate refurbishment.

Suitable for Various Property Transactions

Our flexible bridging finance can support a range of transactions, ensuring that borrowers can secure funding for:

  • Purchase: Quickly access capital to purchase properties, including time-sensitive auction purchases.
  • Development Exit/Finish and Exit: Ideal for those looking to secure additional funding to complete or exit a development project.
  • Refinance: Restructure your existing financing for improved terms.

Lending Criteria Overview

Our flexible bridging finance offers adaptable criteria to accommodate diverse borrowing needs:

  • Loan Sizes: Available from £100,000 to £5 million, providing options for both smaller and larger projects.
  • Early Repayment Charges (ERCs): No ERCs, with a minimum interest period of only 1 to 3 months.
  • Interest Options: Choose from blended, retained, or rolled interest options, allowing you to customise the loan to suit your financial needs.

Why Choose Our Flexible Bridging Finance?

Our ‘Flexible’ bridging finance product is designed with accessibility in mind, catering to borrowers with less-than-perfect credit histories or limited property investment experience. We believe in providing equal opportunities for property financing and supporting our clients’ unique investment journeys.

How does ‘flexible bridging’ help brokers and their borrowers? Our team share their thoughts:

James Farge, Sales Director, says: “Fast legals, brilliant service, flexible lending – wrapped by a product that considers inexperienced borrowers and accepts credit issues! If you have a tight auction turnaround, a need to complete on a purchase to beat the competition, or even require finance where other lenders have let you down at the last minute – this is where Catalyst flex comes into its own”

Sam Shand, Relationship Manager, says: “With Flex, we are able to move extremely rapidly and view risk realistically.”

How to arrange your flexible bridging loan

If you need more details about our flex bridge, speak to our New Business Team today on 01202 112 900.

Flexible bridging finance is designed to help borrowers who want fast access and flexibility on short term finance. Our bridging experts will review your application requirements and give you a decision within one business hour.

We can offer loan terms of up to 24 months and loans up to £5 million.