If you are interested in purchasing property at auction and you are looking to finance this through a bridging loan, there are some considerations to make before application.
What is your exit strategy? Are you looking to refurbish the property to sell…
A Loan to Value of 85% is now possible with Lendinvest, including fees and 12-month roll-up interest of 1.09% per month.
Below is a recent case study for this product that also incurred a 2% lender fee and a valuation fee of £850.
Luke Casey, one of Property118’s recommended finance broker team has recently structured a bespoke development loan to provide 87% of the purchase price on day one along with the entire build costs on a portfolio of 10 properties being converted into H…
Bridging finance can best be described as relatively short-term loans, normally for periods of between one and eighteen months.
Today, the cost of bridging finance is at its lowest point ever.
Main uses of Bridging Finance
Chain Breaking
Light Refurbi…
I am sure we all have friends, and or family members, who are First-time buyers facing the challenges of getting onto the property ladder, not the least of which is finding the deposit. However, there are a number of solutions currently available.
The …
Jack Bertolone, Operations Director at Brooklands Commercial Finance, discusses with Kate Faulkner the impact of the pandemic on the UK housing market and the implication of mortgage payment holidays, BBL & CBILS on future loan applications.
Kate F…
Jack Bertolone, Operations Director at Brooklands Commercial Finance, discusses with Kate Faulkner the impact of the pandemic on the UK housing market and the availability of mortgages.
Kate Faulkner is a UK property analyst and a regular commentator o…
The Good News
Brooklands Commercial Finance is fully operational and assisting Property 118 clients in these unprecedented times.
We are currently working with lenders that have replaced their requirement for physical valuations with remote valuations …
Has your business been interrupted by coronvirus? Have you experienced lost or deferred revenue? disruption to your cashlfow? We can help.
In the 2020 budget, the chancellor announced a new scheme which provides loan facilities of up to £5m for smaller…
Many landlords are facing up to the Government’s onslaught of the buy to let market which has seen their profits slashed over the past three years as tax changes take effect and new legislation like the Tenant Fees Bill and the proposed Section 21 ban …
Brooklands Commercial Finance Ltd one of Property 118’s founding sponsors, has acquired The Mortgage Explorer Ltd as part of their continuing expansion plans.
The Mortgage Explorer has recently celebrated its 20th birthday and is located down on the so…
Bridging Trends has reported its lowest recorded average monthly Bridging Loan rate across the market since 2015. Across its surveyed lenders the average pricing for monthly interest is now down to 0.74% for Quarter 1 2019 and this is down from 0.8% in…
The commercial, Buy to Let, Development and Bridging finance market is maturing and developing to match the needs of the new more professional property investor post credit crunch.
Some of the commercial lenders we now work with are taking a far more p…
There are many reasons as to why 2nd charge loans are becoming increasingly popular. A second charge mortgage can offer an ideal solution to a remortgage, further advance or an unsecured loan. Today second charges offer very competitive rates. Some of …
Thank you very much to Malcolm and his team at Brooklands Commercial Finance along with Shawbrook Bank for running the seminar and using the Shawbrook offices in the heart of the City.
We started with a Mortgage and Lender Market Update in particular d…
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