Bridging & Specialist Finance

Our expert advisers have access to the whole market and are ready to assist with a range of Bridging solutions or short term funding, Commercial and Asset finance.

What is it?

Bridging finance (also known as a bridging loan) is a short term finance option where a sum of money is lent solely for the purpose of paying a debt until longer term finance (such as a mortgage) or funds from another source (such as the sale of a property or receipt of inheritance) becomes available thus ‘bridging a gap’. They are always secured on property or land and are widely used to facilitate property purchases that, without such funding, wouldn’t be possible. One of the most important factors in getting a bridging loan agreed is to make sure a solid repayment method is already in place when it is applied for.

Why choose it?

Short term finance required for a variety of different reasons (such as a tax bill) typically from £30k to £50m with terms from 1-18 months

  • Property purchase – Your purchase needs to complete before your sale
  • Speed – They can potentially be arranged in as little as two weeks
  • Raise finance for property investment or property development
  • Buy-to-Let
  • Range of interest options with no exit fees (in most cases)

What is it?

Commercial Finance covers three main objectives:

  • Trading businesses looking to purchase or refinance their own premises
  • Commercial investment loans for properties being purchased for rental return and capital gain
  • Residential investment loans for properties being purchased for rental return and capital gain

Why choose it?

  • A good option for unusual borrowers i.e. limited companies, limited liability partnerships, pension funds, charities and trusts
  • The business is paying out more in rent than the potential mortgage payments on the property
  • A good financing solution for a buy to let portfolio or block of apartments which are often difficult with mainstream buy to let lenders
  • Loans from £50k with no upper limit and up to 100% LTV (with additional security) and Interest only options available

What is it?

Many businesses are now turning to asset finance in order to expand and grow revenue. This type of finance mainly involves the use of leasing and hire purchase agreements (other types include refinancing and operating lease) whereby a regular charge is paid for use of an asset over an agreed period of time meaning companies can avoid paying out a lump sum to buy something outright, thus giving them greater choice and freedom.

Why choose it?

  • Available to sole traders, partnerships, limited liability partnerships and limited companies and ideal for SMEs (small and medium sized enterprises employing less than 250 staff) looking to invest in business growth
  • Flexible – There are a range of different payment options available such as low start and seasonal which can help to manage cash flow. It also allows more freedom and flexibility around the types of products (assets) that businesses can acquire
  • Options – It can be used for capital expenditure as an alternative to a loan or overdraft
  • Safe – Charges and repayments are agreed upfront meaning facilities are much less likely to be reduced or withdrawn if the business falls on hard times. As the loan is secured, it is not repayable on demand
  • Release Capital – Potential to refinance existing borrowing using funds raised from unencumbered company assets to raise capital with loans from £5,000-£1million
EveryStep Financial

EveryStep Financial