BRIDGING FINANCE - 1ST CHARGE
Bridging Finance - 1st Charge
Adelpha Property Finance can offer fast and flexible finance for a wide range of residential, commercial and semi-commercial properties throughout England and Wales with no postcode restrictions. Suitable property security includes:
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Residential investment properties
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House in Multiple Occupation (HMOs)
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Residential conversions
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New builds / developments
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Offices
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Office conversions
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Industrial properties
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Barn conversions
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Farms
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Farm buildings
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Land with and without planning
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Holiday lets
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Listed buildings
Key features
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Security: 1st charge and personal guarantee (We also offer 2nd charge bridging finance)
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Maximum LTV using OMV: Residential 75%, Semi-Commercial 65%, Commercial 65%
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Term: 3 to 24 months
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Loan Amount: £5,000 to £500,000
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Rates: From 0.65% per month (flexibility with interest retained or rolled)
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Location: Anywhere in England and Wales
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Borrower Credit History: All credit history considered
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Borrower Type: Individual (from 18 years old up), Company, Partnerships, Foreign Nationals, Expats, SIPP / SSAS
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Further advances: funds can be drawn down in stages
Examples of uses for 1st charge Bridging Finance
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To meet the tight completion deadline of an auction purchase
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To purchase with a quick completion and a light refurbishment
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Finance land to enable time to gain an improved planning permission
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To enable time to extend the leasehold and increase the property value
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To purchase a property at below market value and to allow enough time before a refinance onto a buy-to-let mortgage
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Refinance a development providing an equity release to enable acquisition of the next development site
Contact a Decision Maker
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