Traditional lenders will often put 100% retention on a mortgage if the property has no kitchen, no bathroom or requires refurbishment. We specialize in lending against properties requiring refurbishment prior to refinance on to long term bank funding,' Buy to Let Mortgages' or sale of the property. We are also able to assist with the funding of conversions.
We have many clients who will transact multiple transactions of this nature each year as portfolios are developed or profits generated from sales of the refurbished property, and the speed with which we are able to arrange facilities often ensures that properties can be purchased at genuine discounts.
With additional security we are also able to extend funds towards the cost of the refurbishment works.
Bridging Finance still retains a stigma of being expensive but as professional advisors undertstand the benefits, the product is increasingly being recognised as a mainstream form of funding
An overview of Q1 2011 national Property Auction funding and property market views. Auction House UK monthly newsletter
NACFB Magazine Feb 2011 - Bridging Finance Solutions Group is an independent finance house, providing short term property finance solutions to individuals, property developers, professional advisors and intermediaries.
Bridging Finance Solutions 2011 Forecast - Published in Business Moneyfacts Magazine January 2011
Short term finance specialist, Bridging Finance Solutions, has become a patron of the National Association of Commercial Finance Brokers (NACFB).