Bridge Doctor

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Most Recent Questions:

Question:I have a client who has been given the opportunity to buy a national lenders fleet of show houses. The MV is £100M and they have been offered the whole lot for £50M. They have some deposit and have a guaranteed income of 8% from the vendor on the full £50M. Any ideas on who will do it and what the highest loan to value will be available.Thank you in anticipation of your response.
Answer:

A lot more detail needs to be disclosed in order to take a view on this. Who is the borrower; how much equity are they prepared to put into the deal, what is the take-out route, to name but a few. Once the full enquiry is received we will be in a position to comment.

Question:I am looking for a losed bridge, the properties are in scotland. The first property has been sold for £260k with outstanding borrowings of £210k this is due to settle on 27th February. I have two other properties. The first has just been purchased for £330k with a mortgag of £247k with the one account. and the other is a buy to let property valued at £120k with a mortgage o/s of £71k. I require to release the £50k which is due when my sal of property 1 completes in order to do additional work to the new property I have purchased. Any suggestions?
Answer:

The Loan to Values are a little too high for us. Does the client have any sufficient additional security available? (Affirmative Finance)

Question:is anyone providing briding loans on land with full planning permission at the moment?
Answer:

Yes, we would need to see the full details on a decision in principle form and should be able to help. (Affirmative Finance)

Understanding your earning potential within the Bridging and Commercial markets can sometimes be a complex issue – commissions can vary considerably and often depend on borrower status and the terms of the mortgage or short term loan. However, within this sector there are uniquely...

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