75% LTV Bridging Loans
Need finance fast? 75% LTV bridging loans from GPS Financial can help!
GPS Financial are award winning property finance specialists that provide fast finance for property purchases, auction sales or developments.
Borrow between £50,000 and £25m for periods of up to 3 years.
75% LTV bridging loans can be used to:
- Purchase property at auction
- Bridge a gap between a property sale and purchase
- Support a broken chain enabling you to complete your purchase
- Develop a property so it qualifies for a standard mortgage
- Multiple other short term reasons related to property
GPS Financial works with companies and individuals to purchase property for a multitude of reasons.
75% LTV (loan to value) bridging loans give you the flexibility you need to purchase or develop a property while you arrange a mortgage or other form of finance.
It’s a standard loan to value for investment property and attracts great rates from a variety of lenders.
For example, if the property you’re looking to finance costs £500,000, a 75% LTV would enable you to borrow up to £375,000 to purchase it.
A closed 75% LTV bridging loan has a set repayment date where you’ll need to settle the loan. An open 75% LTV bridging loan will have a repayment period of up to 3 years to repay.
If you need short term finance to help you complete a purchase, contact GPS Financial today for a no obligation quotation!
What is a Bridging Loan?
A bridge loan, also known as a bridging loan, is a short-term loan used to buy a property before receiving funding from other sources such as a mortgage. It is typically used by property developers and investors who need access to capital quickly.
A broker or lender can help you calculate how much money you can borrow based on the value of the property and the loan-to-value (LTV) ratio.
The amount borrowed plus any monthly interest payments is paid back once the investor has secured financing from a mortgage lender or another source of long-term capital.
Depending on the lender, the borrower can usually choose between a fixed-rate bridge loan or one with an adjustable interest rate.
The LTV ratio and amount of borrowing will determine the cost of the loan and its terms so it’s important to use an online calculator to get an understanding of what you might pay in fees or interest.
What can you use a Bridge Loan for?
A bridge loan is a type of short-term loan that provides temporary funding for a variety of purposes.
It can be used to purchase a property, cover the cost of a buy-to-let mortgage, or even to provide capital for a property developer.
Business bridging loans are also available, which can be used to fund business operations while waiting for long-term financing to become available.
Bridge loans are typically secured against an asset such as real estate, and they can often provide quick access to funds in order to help with short-term cash flow needs.
They are also helpful because they allow borrowers to make purchases without having to wait for traditional financing options such as mortgages.
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How much can you borrow with a Bridge Loan?
A bridge loan, or bridging finance, is a short-term loan that can be used to cover the cost of buying a new property before the old one has sold.
The amount you can borrow with a bridge loan will depend on the value of the property and your own financial situation.
Generally speaking, banks and other lenders will require at least 10% of the purchase price for a bridge loan, although some may offer up to 80%.
For example, if you are looking to buy a house that costs £400,000, you may be able to borrow up to £320,000 through a bridge loan.
However, it’s important to remember that interest rates tend to be higher on these types of loans so you should make sure you understand all of the associated costs before committing.
Why use a Bridging Loan?
A bridge loan is a short-term loan used to repay an existing debt or finance a new venture.
It provides a quick source of funds when there is little to no time to find another lender or wait for approval from a traditional bank or other financial institution.
With a bridge loan, the borrower can access funds quickly and often with less stringent requirements than those of other lenders.
The loan also allows for flexibility in repayment terms, allowing the borrower to pay back the loan in instalments over time.
Bridge loans are primarily used when someone needs immediate access to capital but does not have the necessary credit score, collateral, or other qualifications required by traditional lenders.
They can also be helpful when dealing with unexpected expenses or trying to take advantage of an opportunity that requires timely action.
What is 75% LTV on a Bridging Loan?
A bridge loan with a 75% LTV is a type of loan that allows a borrower to secure finance for a short-term period, typically until permanent financing becomes available.
This type of loan is offered by a lender to help borrowers bridge the gap between buying and selling properties, or to increase borrowing capacity.
The amount of equity in the property must be sufficient to cover at least 25% of the value, as this will be used by the lender to secure the loan.
The borrower must have enough equity in the property to demonstrate their ability to repay the loan and provide additional security for the lender.
A bridge loan at 75% LTV (loan-to-value) offers borrowers greater access to funds, allowing them to take advantage of opportunities without having large amounts of capital upfront or waiting for traditional financing sources.
Why choose GPS Financial?
GPS Financial was created in 2011 to help lessen the strain of handling paperwork and incorrect information with regards to mortgaging a property.
We will do everything for you, so you can feel comfortable while we look for the best financial choice for you.
GPS Financial are a friendly team of specialised brokers with decades of combined experience, access to all the leading lenders ensuring you receive the best possible value and the best possible service.
GPS Financial are award winning property finance specialists based in Cardiff, taking home the award for Best Firm: Bridging & Commercial in 2022, selected by Dynamo for Intermediaries, one of the country’s foremost Mortgage Clubs.
If you want to know more about 75% loan to value Bridging Finance, contact the experts at GPS Financial, fill in the contact form at the top of the page and one of our financial advisors will be in touch.