Category: Bridging Loans
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Bridge to Let Loans: Fast Property Financing Solutions
Fast Bridge to Let Loans for Property Investment If you’re a property investor seeking to purchase a property quickly or one in need of refurbishment, a Bridge to Let loan might be the ideal solution. These specialised loans bridge the gap between short-term financing and long-term property investment, providing flexibility and speed when traditional mortgages… Read more
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How Much Does a High-Value Bridging Loan Cost?
How Much Does a £10 million bridging loan cost? A £10 million bridging loan at an illustrative interest rate of 0.75% per month would incur £75,000 in monthly interest, or £900,000 over 12 months, before lender fees and other charges. At the same rate, a £15 million bridging loan would incur £112,500 in monthly interest,… Read more
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What Makes a House Habitable for Mortgage
What Makes a House Habitable for a Mortgage (and What Makes It Unmortgageable?) When applying for a mortgage, the lender needs to assess both you as the borrower and the property being offered as security. The property normally needs to meet the lender’s minimum requirements for condition, marketability and suitability as mortgage security. Not sure… Read more
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How Much Does a £1 Million Bridging Loan Cost?
How Much Does a £1 Million Bridging Loan Cost? A £1 million bridging loan at an illustrative interest rate of 0.75% per month would cost £7,500 in monthly interest, or £45,000 over six months, before arrangement fees and other charges. For larger borrowing, a £2 million bridging loan would incur £15,000 in monthly interest at… Read more
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How Probate Finance Helps Cover Estate Costs
Probate Finance for Executors and Beneficiaries If you’ve recently lost a loved one and find yourself responsible for managing their estate, you might already be discovering how complicated and time-consuming the probate process can be. While probate is a legal necessity, it often creates financial challenges, especially when expenses need paying before any money from… Read more
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Private Mortgage Lenders
Understanding Private Mortgage Lenders When seeking a mortgage, high street lenders might not always meet the unique financial needs of high-net-worth individuals for a multitude of reasons such as makeup of income. It may be that you require a larger mortgage (for example, £5,000,000) and although you have a significant income, it is from many… Read more
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Finance to Convert Properties From C3 to C4
How to Finance a C3 to C4 Property Conversion Turning a single house into a small HMO can feel like a big step. You may know that properties move between planning use classes when they change how they are lived in. A C3 property is a standard family home. A C4 property is a small… Read more
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Mortgages for Care Homes and C2 Properties
Care Home Mortgages: How to Finance C2 Properties Investing in a care home can be a rewarding venture, both financially and personally. With an ageing population and increasing demand for high-quality care facilities, the care home sector continues to grow, making it an attractive option for commercial investors. However, purchasing a care home is very… Read more
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Bridging Loan to Pay Inheritance Tax
Bridging Loan to Pay Inheritance Tax – Fast Finance When You Need It Most Losing a loved one is never easy. On top of the emotional toll, dealing with the financial aftermath can feel overwhelming. If you’ve inherited property or other valuable assets, there’s a chance you’ll face an inheritance tax bill that needs to… Read more
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Finance for Sui Generis Property
How to Get a Mortgage for Sui Generis Properties If you own or are buying a property that sits outside the usual planning use classes, hopefully this page will be useful to you. What sui generis means in practice Sui generis is a planning term used when a property does not fall under the usual… Read more
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Short Lease Mortgages
Short Lease Mortgages: What You Need to Know Before Buying Purchasing a property with a short lease can be an appealing option due to the typically lower purchase price, but it comes with its own set of challenges, when securing a mortgage. At Kerr & Watson, we specialise in guiding our clients through the intricacies… Read more
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Case Study: Bridging Loan for Later-Life Home Move in Guildford
Introduction We recently helped a retired customer arrange a bridging finance solution for a property purchase in Guildford, Surrey. Our customer wanted to move closer to family but needed to purchase their new home before selling their existing property. The problem we needed to address was arranging short-term borrowing quickly, without requiring monthly mortgage payments… Read more
