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Bridging Finance
Minimise the cost of purchasing properties and release Equity immediately. Ultimate Financial are specialists in offering closed bridging facilities and can agree your application within a matter of hours. We also offer a range of alternative bridging products inclusive of open bridging products and jumbo bridging deals.
Bridging Facility - Acquire properties for less
Ultimate Financial provides bridging finance for cash - remortgage property purchases.
Bridging finance allows buyers to take advantage of capital appreciation and pricing incentives by buying below market value with a facility then remortgage to release immediate equity and reduce the overall costs required to purchase properties. Ultimate Financial provides 24 hours bridging loans up to £2m spread across any number of purchases using its approved solicitors, subject to the value of any induvidual property loan not exceeding £250,000.
Fees
Ultimate Financial has partnered with an independent solicitor to provide the bridging loan inclusive of the solicitors fee for handling the purchase and remortgage on behalf of the client for a single low fee of £3500 including VAT. This figure includes the costs of all standard disbursements (local authority, water and environment searches, notice of charge and telegraphic transfers). The figure excludes the costs for stamp duty and land registry fees and any service charge and ground rent charges.
Save thousands by using bridging finance
Using bridging finance really can save you thousands compared to taking out a normal mortgage for the purchase of your property. Normally lenders arrangement fees for mortgages can be charged upto 3% or more of the loan amount making this a great cost to bear when it comes to redeeming the initial mortgage with your arranged remortgage. In addition to the lenders arrangement fee you would also have to pay your solicitors costs for both the purchase and the remortgage. With Ultimate Financial all your solicitors costs are included in the one off fee. Also bridging finance offers you financial flexibility in paying little if not no deposit to acquire the property in the first place.
Benefits
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Up to £2m credit limit - one transaction per day
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Unlimited number of transactions within credit limit
- Upto 80% LTV on all properties including NEW BUILDS
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£250k maximum property value per transaction
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No restrictions - available for any type of property including commercial, ex-local, properties above commercial premises and freehold divided into flats
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Available for limited companies, individuals and partnerships
If you require a bridging loan facility then please contact Ultimate Financial today.
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No credit scoring
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No further property valuation or fees
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No need for second charge on property
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No lengthy or complicated forms
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Compatible with all products
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Bridge is available for 24 hours
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Purchasers use independent solicitor with proven track record
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Single low fee of £3500 includes solicitors costs for acting for the buyer on the purchase and remortgage
Steps
We can have a bridging loan offer to you within a matter of hours for urgent cases.
- Complete Bridging Loan application and fax back it back to 01642 796657
- Solicitor contacts applicant to handle conveyancing
- Mortgage and bridging offers are produced
- Completion takes place
Open Bridging products
Ultimate Financial also offer open bridging products with a time period of 6 to 12 months before your remortgage has to take place. For more information on this exclusive service then please contact our office today.
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