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Need quick cash to close a deal, buy a new home, or make an urgent renovation? In this case, a UK rates bridging loans is indicated. In this guide, you will understand how these loans work.
Bridging loans are short-term loans that are usually secured. They are used to cover the time difference between buying a new property and selling an existing property.
Let’s look at the top bridging loan options available in the UK. Let’s break down the most important aspects you need to consider when closing a good loan. This will ensure that you are making an intelligent decision without any doubts.
Top 10 bridging loans UK rates
1) United Trust Bank (Bridging Loans UK Rates)
United Trust Bank (UTB) has bridging loans with competitive rates for loans from £100,000 to £5 million, focusing on low LTV.
In fact, it offers lower rates for those who offer less risk. The terms range from 12 to 18 months for repayment, which is a great deal.
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It is important to note that UTB allows early repayment without penalty, which is a great advantage, especially if the property is sold before the deadline.
The institution is also known for its efficiency in document analysis and transparency in the process, with clear evaluation and direct communication with the underwriter.
Thus, it is clear that this is a good option for those who need a quick solution. Especially in cases such as auction purchases or urgent sales situations.
2) Precise Mortgages
Precise Mortgages is suitable for those who need good conditions and value transparency. In it you can close a good deal to pay in up to 18 months.
In addition, loans have competitive rates, especially when the LTV (Loan-to-Value) is around 50%. Attention! When the LTV is higher, the rates increase.
The required documentation is simple to obtain, facilitating the approval process.
3) West One (Bridging Loans UK Rates)
West One has loans with competitive rates and clear terms, making it ideal for those who need quick solutions with well-defined criteria.
The company works with loans of up to 24 months, a term above the market average.
As a rule, the main highlight of West One is that it serves several projects from quick purchases, refinancing to renovations.
We recommend this alternative for those who want predictability and fast processes.
4) Together Money
Together Money stands out for its common-sense lending approach, offering loans of up to £1 million with terms of up to 12 months.
This institution is for those who have cases outside the banking standard, such as commercial real estate or expatriates.
In fact, the main feature of Together Money is the fact that it has rates adjusted according to the risk and structure of the loan. P
For more complex cases, with extra guarantees, the institution adopts a personalized approach, resulting in more advantageous rates.
5) Masthaven
Masthaven has been operating in the bridging loan market for a long time and is known for adapting to more challenging situations. That’s because the company offers loans of up to £2 million with terms of up to 18 months, focusing on LTVs of up to 75%.
Historically, Masthaven has been one of the leaders in the market, with products that cater to both residential and commercial projects, offering excellent rates.
6) KIS Finance (Bridging Loans UK Rates)
KIS Finance is an independent broker, allowing access to a variety of lenders and terms adjusted to the client’s profile.
It works with loans from £50,000, suitable for those who need fast and flexible financing, with options such as rolled-up interest and LTV above 100% with additional collateral.
The broker is also excellent for those looking to compare loan options without worrying about excessive bureaucracy.
7) GPS Financial
GPS Financial, based in Cardiff, is a broker specialising in development and renovation projects, with short-term loans to be repaid within 24 months.
GPS has a consultative attitude, helping you plan the construction schedule, analyze costs and define important milestones for the success of the project.
In this option, you will have continuous support, ensuring that legal and evaluation bottlenecks are resolved quickly, facilitating the approval process.
8) Octane Capital
Octane Capital is a pragmatic company when it comes to bridging loans. As a rule, its payment terms are up to 24 months, focusing on non-traditional properties or more complex cases.
The company has no exit fees and for adjusted prices on a basis (BBR-linked), making the final price cheaper.
9. Aria Finance (Bridging Loans UK Rates)
Aria Finance is a broker specializing in this type of credit, offering rolled-up interest and can still anticipate the installments.
It is ideal for those who need high LTV, offering additional guarantees.
Aria offers terms of up to 24 months, which gives enough time to complete renovations or regularize non-habitable properties.
Additionally, Aria Finance helps reduce collateral costs such as additional fees and brokerage fees.
10) Vincent Burch Mortgage Services
Vincent Burch Mortgage Services is an independent brokerage firm specializing in quick loans and solutions for commercial and semi-commercial real estate.
It offers quick start-up decisions within two hours and works with loans of up to 85% LTV, depending on the project.
This eases the transition between buying and selling or the final mortgage, speeding up the process.
The company also has interest rollovers, helping to control cash flow.
Conclusion (Bridging Loans UK Rates)
When choosing the best bridging loan option in the UK, you should consider not only the interest rates but also the flexibility offered, the terms available, and the specific requirements of each institution.
As we’ve seen throughout this guide, there are a number of options on the market, from traditional lenders like United Trust Bank and Together Money, to brokerages like KIS Finance and GPS Financial.
The key to making a good decision is to compare the rates with the general conditions of each loan, in particular:
- LTV;
- Additional costs;
- Flexibility in payment;
- Lead time.
By reviewing the options presented in this article, you now have the tools you need to choose the best bridging loan offer that meets your needs while minimizing unnecessary risk and costs.
Remember that each case is unique, and the choice of lender must align with your financial goals, always focusing on the feasibility of the exit and controlling cash flow.
Outras opções de crédito interessantes que podem te ajudar são os fast approval loans que vão te fazer receber um dinheiro rápido, para sanar eventualidades.