How quickly can I get an auction bridging loan?
Bridging loans can be arranged in as little as 3–7 [...]
What deposit is required?
Typically, anywhere from 25% to 35% deposit is needed, but [...]
Can I buy an unmortgageable property at auction?
Yes, bridging finance is ideal for properties needing refurbishment before [...]
Do I need an exit strategy?
Yes, lenders require a clear repayment plan, such as refinancing [...]
Are interest rates higher than standard mortgages?
Yes, but they reflect the short-term nature and speed of [...]
What fees are involved?
Costs may include lender arrangement fees, valuation fees, legal fees. [...]
Can first-time investors and developers use a bridging loan for an auction purchase?
Some lenders accept first-time buyers, but experience in property investment [...]
