Silver Oak Capital?
- 300+ Lenders – we have access to the largest network of lenders in the market. This allows us to provide you with independent whole-of-market advice.
- Transparency – with a foundation based on trust, we will ensure you are kept in the loop with which lenders we approach during the course of our process.
- Speed of Service – working with property people makes you realise one thing, time is money. We will endeavour to complete your loan in a quick and efficient manner.
- Long Lasting Relationships – we don’t just arrange a loan on your behalf, we also ensure you have a long term lending partner to work with on future projects.
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We are able to secure the best bridge loan rates for your tailored requirement, ensuring that your bridging loan fits your financial needs. Enquire with Silver Oak Capital today, and let’s set up a time to get a full understanding of your challenges and goals.
What is a Bridging Loan?
Bridging loans are used by property developers and investors who need to access cash quickly in order to execute a particular transaction. These loans are typically issued for 12-24 months and are secured on a particular property (residential or commercial).
The cost of these loans are normally higher than your traditional mortgage, but the application process is less tedious. There is no affordability assessment because the interest on the loan is rolled up on top of the principal amount (instead of being paid monthly). Once the loan expires, the borrower has to repay the principal (plus interest) in one lump sum – via refinance or sale.
Chat to us today and find out how we get the best bridge loan rates for your needs
Where You Can Use Bridge Loan
We find the most common uses for bridging loans are in scenarios when our clients need funds quickly or they would, for whatever reason, be unable to apply for a traditional high street mortgage. They could be foreign nationals without any credit footprint in the UK, or perhaps property developers who need short term funds to refurbish or build a property.
Bridging loans are also useful if you need to pay a lump sum tax bill or need quick cash to take advantage of a financial opportunity. Raising a loan against a property in the UK to purchase another property overseas is also common.
Let’s chat today, and answer any questions you may have on bridge loan financing?
Types Of Bridging Loans
Bridging loans come in many different forms and can be used in a wide variety of transactions. They can be secured on all types of real estate but also on luxury assets such as art, jewelry, yachts and aircraft.
In our experience bridging loans are required for two overriding reasons – to refinance an existing loan or to release funds for any legal purpose. Understanding the background behind a funding requirement plays a major role in the decision-making process – ensuring we find the best possible lending partner for our clients.
We would love to find the right lending partner for your needs, contact us today.
How To Find The Right Bridging Loan
The market for bridging loans in the UK is saturated and very competitive – a positive and a negative for any prospective borrower. The sheer number of bridging lenders makes it challenging to navigate through the market to find the most appropriate lender for your particular case.
However, the competitiveness presents an opportunity as these lenders are constantly competing for business which drives flexibility and cost. Every lender also has their own unique set of lending criteria and preferences on the types of properties they case. However, the competitiveness presents an opportunity as these lenders are constantly competing for business which drives flexibility and cost.
Let us assist you in finding the best loan interest rates, make contact.
View some of our latest Bridging Loan Case Studies
Bridging Villa Cap Ferrat
A large Villa near Monaco on the French Riviera had planning permission to convert into a boutique hotel. The loan request originated from the owner of the Villa whom we had worked with in the past on arranging …
Bridging Loan Land with Planning
One of the most challenging types of bridging loans to source are those required on land. We can source bridging finance for land with or without planning. The latter is more challenging as there are fewer lenders to choose …
Kenyan National Bridging Loan Refinance
Bridging Loan – We were approached by a Isle of Man based trust company who had a long standing client based in Kenya. The Kenyan national owned a residential property in central London which was rented out. …