75% LTV Bridging Loans

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 2013 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.