Bridging Specialists for Plymouth
Lending Experts for Plymouth
Waterfront districts, student demand, and regeneration in the areas of Millbay and Devonport are the main factors that influence the property market in Plymouth. The amount o well located homes, rental properties near the university and commercial units serving the naval base often attract interest quickly.
Let a bridging loan come to the rescue when you require the speed necessary to secure a property before other buyers get hold of it. We are self-sufficient in making our decisions using our own lending lines; hence, we are customer-driven by transparency, steadiness, and speed of decisions.
Come and benefit from:
- Loans from £10,000 to £500,000
- Decisions in as little as 4 hours
- Money in your account within 48 hours
- A quick, hassle-free application
- Funding for both residential and commercial property
- Short-term business finance
- Help through every step
- Property buying loans for auction sales
Apply for property funding in Plymouth
Once you contact us, we set everything in motion to keep up the momentum. Valuations are arranged by us, we coordinate with solicitors and manage communication that is usually quite slow through other lenders. You are always updated and have full knowledge of the phase of your application.
Plymouth is a city where a swift move can give you an edge over your competitors. Be it purchasing before selling, taking up a refurbishment project, or securing an auction property, we are here to make your funding simple. Our way of working is designed to be free of unnecessary complications so that the money can be given without delay and in complete trust.
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.
The most popular bridging loan in Plymouth is £80,000
Use the calculator below to assess your potential borrowing capacity and repayment ability.
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 Plymouth
- Purchasing student rentals close to the University of Plymouth
- Securing apartments in the Sutton Harbour or Millbay areas
- Funding refurbishment projects before refinancing
- Bridging the gap between the sale of one property and the purchase of another
- Buying commercial units connected to maritime, defence or logistics activity
- Completing auction purchases with strict completion deadlines
- Supporting business relocation or expansion across Plymouth and the wider region
- Converting older homes into modern, high yielding rentals
Financing the whole of Plymouth
- Millbay
- Devonport
- Mutley
- Peverell
- Lipson
- Mannamead
- Stoke
- Plymstock
- Plympton
- Efford
- Hartley
- North Prospect
- Greenbank
- Prince Rock
- St Judes
- Keyham
- Stonehouse
- Roborough
- Tamerton Foliot
- Plymouth City Centre
“I was short of £185,000 for the completion of the terrace in Mutley that was my next purchase. Everything was going smoothly thanks to the team’s organisation.”
Danielle Price – Homebuyer, Mutley
“I managed to get £89,000 to move my workshop from Stoke to a bigger unit. Goldhill Finance made the entire process very simple by handling all the communication.”
Tom Russell – Business Owner, Stoke
“For my project in Devonport, I needed £315,000. Things moved rapidly and, upon my request, the money was made available.”
Lewis Chambers – Property Developer, Devonport