Bridging Loans in Lancashire
Lending Experts for Lancashire
Starting with demand in Preston and regeneration in Burnley, through to sales in Blackburn and a steady stream of purchasers from Chorley to the Ribble Valley, it is evident that there is indeed latent opportunity within Lancashire.
We have developed considerable knowledge with regard to the structuring of bridging finance arrangements for residential, non-residential, and mixed-use schemes.
Through leveraging known sources of funding and collaborating with known solicitors and valuators, we facilitate fast action for borrowers. A market where delay means lost opportunities means that speed is key, and we are exactly who helps deliver.
What we offer
- Loan amounts starting at £10,000 to £500,000
- Decisions on most applications take as little as 4 hours
- Money can be put in your bank in as fast as 48 hours
- Straightforward application, no hassles
- Lending on residential property
- Property loans for commercial buildings
- Short-term business finance
- Loans for fast property auction completions
Quick bridging loan approval in Lancashire
The process of gaining a bridging loan should not be a stressful experience for you. We look at all the things you need from the moment you contact us, ensuring the process is as easy as possible.
In Lancashire, property transactions can often be fast-paced. Auction purchases, refurb schemes, and break-of-chain cases will invariably require finance in weeks, rather than in many months. We can assist in ensuring that the finance is always tied in with your exit strategy from the outset.
Whether you’re purchasing to re-sell, awaiting planning consent, or simply requiring a short-term loan, we aim to ensure it’s kept as simple, fast, and as applicable to your circumstances as possible, never more complicated than it need be.
Homeowners
Place your home as a security to unlock vital funds that can help to stop chain delays or to carry out refurbishments on your building when cash is tight.
Developers
Borrow money over carefully planned out stages to bring your project to life. Great for commercial developments where management is key.
Commercial Investors
Secure the money needs to invest in new business locations, or to relocate current operations. Great for building or expanding investment portfolios.
Business owners
Navigate the day to day challenges of business more efficiently with fast capital injections. Good for stock replenishing or covering expenses.
£115,000 is the most common bridging loan in Lancashire
Use our calculator below to get an approximate idea of how much you could borrow and what your repayments might look like.
Bridging Loan Calculator
Bridging: Indicative Quote
Total Security Value: £400,000.00
Gross Loan: £103,008.00
Gross LTV: 25.75%
Interest Rate: 0.84%
Breakdown
Arrangement Fee (2%): £2,000.00
Broker Fee (1%): £1,000.00
Total Interest: £10,080.00
Net Loan: £100,000.00
Legal Fees: £750.00
Valuation Fees: £380.00
Common uses for bridging loans in Lancashire
- Buying auctioned properties requiring fast completion
- Financing refurbishment projects for existing housing prior to resale and/or refinance
- Bridging the gaps in residential sales and subsequent purchases
- Helping landlords who are restructuring and expanding their property holdings
- Securing a business property prior to long-term funding
- Equity release for short-term business or property plans
- Providing funding for light development projects awaiting planning and exit finance
- Handling time-sensitive chain breaks or failed transactions
Local areas we serve in and around Lancashire
- Preston
- Blackburn
- Burnley
- Chorley
- Lancaster
- Morecambe
- Accrington
- Darwen
- Clitheroe
- Rawtenstall
- Brierfield
- Nelson
- Leyland
- Skelmersdale
- Ormskirk
- Fleetwood
- Thornton-Cleveleys
- Ribble Valley
- Blackpool
- Rossendale
“Needed £210,000 to buy a refurb property in Chorley and wait for the sale of my property to complete. Goldhill Finance acted quickly with all things kept simple throughout the process.”
James Walker – Property Investor, Chorley
“Arranged £95,000 to cover a short-term bridging loan whilst re-mortgaging a rental property in Preston. Communication was clear and no delays.”
Sarah Mitchell – Landlord, Preston
“Based in Blackburn, required £375,000 for a mixed use purchase, had to be completed on a short deadline. They realised the urgency in the matter and provided the finance when needed.”
Denise Oakwood – Investor, Darwen