Short-Term Bridging Finance

We provide simple short term finance up to 80% of your property’s Open Market Value (OMV).

There are options for first charge and second charge bridging.

Typically, our loans are used by property investors, property developers and people who need fast access to bridging finance for between 3 and 24 months.

This bridging range is designed to help borrowers with residential, semi-commercial, commercial pre/post-C3 and mixed-use planning property in England and Wales.

If you are buying at auction, or if you are a property developer who wants development exit finance (or finish and exit finance), we can help.

Lending Criteria Overview

Loan Details

Loan terms from 3 months to 24 months.
No ERCs, 1 to 3 months minimum interest.
Loans available from £100k to £10m.
Residential loans above 75% LTV and semi-commercial loans above 70% have a maximum £1m loan amount.
Interest serviced, blended or retained.
Types of transactions allowed: purchase, refinance with no cash out, refinance with cash out, development exit (inc. finish and exit), auction finance.
Second charge loans may be underwritten against 180 day value subject to overall credit risk.

Property Requirements

A wide range of property types allowed.
Very light refurbishment permitted up to 10% of OMV. We can consider light refurbishment works of up to 25% of OMV when funded by the client.
Development exit finance/‘finish and exit’ for remaining works if below 10% of OMV,
higher by exception.
Residential up to 80% LTV. Semi-commercial up to 75% LTV, residential element must be >50%.
Commercial property pre-planning to 65% LTV, must have obvious C3 mixed-use/
residential opportunity.
Above 70% LTGDV maximum unit value £750,000, higher considered by exception.
For below market value purchases up to 85% loan to cost (qualifying costs being all purchase costs, tax, all refurbishment costs to date, and fees associated with borrowing) or 75% OMV,
the lower of the two.
Located in England or Wales.

Borrower Details

‘Everyday bridging’
For borrowers with limited credit issues: Maximum £10k CCJs in past 24 months, settled.
Rolling arrears accepted. Up to 4 missed mortgage payments in the last 12 months, none in the last 6.
More than 3yrs since bankruptcy/IVA/CVA.
Please see “Catalyst flex bridging” which caters for clients with further adverse credit.
All products
Bankruptcy/IVAs must be discharged/cleared.
Borrower 3 year UK address history.
UK individual or LTD Co/LLP. Offshore LTD Co.

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As a respected short-term property finance lender, we offer individuals and businesses bridging loans of up to £10 million, over a term of between three months and two years.

To be eligible for this type of loan, borrowers must be between the ages of 21 and 85 at the end of the term and have a good credit history. Those with an adverse credit history can be helped by our flex bridging product by referral. Borrowers must also have resided in the UK for three years.

Catalyst takes huge satisfaction in being able to help most people looking for short-term finance with our range of bridging loans. We are a provider of short-term property loans to 80% LTV and we excel at delivering the bridging products you need and the service you and your clients deserve. If you would like to talk to us about our bridging finance and semi-commercial bridging loan options, contact our team today 

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

Dan Burden, Credit Analyst, says: ‘’Available on a variety of different property types and with loans up to £10m, this product is great for a range of different customers that require secure short-term finance with a quick turnaround.’’

First Charge “Everyday bridging” fixed monthly rates for loans between £100k & £10m

 % of Open Market Value Fixed monthly rates from
65% LTV 0.85%
70% LTV 0.90%
75% LTV 0.95%
80% LTV 0.99%

 

Loans from. £100k to £10m. Fixed monthly rates from:

% of 180 Day Value Rates From:
65% LTV 1.10%

First Charge “Everyday bridging” fixed monthly rates for loans between £100k & £10m

 % of Open Market Value Fixed monthly rates from
65% LTV 0.85%
70% LTV 0.90%
75% LTV 0.95%
80% LTV 0.99%

 

Loans from. £100k to £10m. Fixed monthly rates from:

 

% of 180 Day Value Rates From:
65% LTV 1.10%

Please note that all loans are subject to lending criteria and underwriting.

To discover how much bridging finance you can borrow, and at what monthly rate, please contact our New Business Team or send us a message with your contact information and we will get back to you quickly with heads of terms.

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