Whether you need cash quickly to fund a property sale or you want to invest in buy-to-let property, we can help.
With a fast turnaround, we can arrange a buy-to-let bridging loan to finance any legal purpose, in a quick and hassle-free manner.
The loans we recommend are designed to cover the cost of residential property that is not your own residence, therefore it is perfect if you’re a buy to let investor.
Commercial Trust can arrange funds to be released within a matter of days, so you don’t have to miss out on investment opportunities and property deals.
Banks and lenders we arrange loans with, provide options for moving from a bridge to a full buy to let mortgage. Interest rates and APRC are specific to the circumstances, so call us for a mortgage illustration.
You should never take out a bridging loan without a clear exit strategy to repay the loan. A buy to let mortgage is one option to do this.
A conventional mortgage product typically cannot be used to complete an auction purchase. This is because you commonly have to settle the full amount owed within a 28-day time frame.
After you have paid a 10% deposit for the property at auction, a buy to let bridging loan can quickly fund the outstanding amount, ensuring you don’t lose the sale.
You then have time to arrange longer-term funding (e.g. a buy to let or commercial mortgage).
Bridge to let loans and finance can help make auction purchases a reality and help you enlarge your property portfolio.