Bridging finance

Residential bridging is an effective way to achieve your goals in various ways. Here's what you can use a residential bridge for:

• New-builds, HMOs, small blocks of flats and Buy-To-Let portfolios, auction, acquisition
• Refinance
• Capital raise
• Securing planning permission
• Short-term business cash flow
• First charge and second charge loans
• Light & medium refurbishment
• Development exit
• Mortgage delays
• Below market value (BMV) purchases considered up to 90% of purchase price (PP)

Looking for bridging finance on a commercial property? Our fast and expert team can help with a range of property types.

• Mixed use
• Retail
• Office
• Industrial
• Warehouse
• Student accommodations
• Garages & showrooms
• Food outlets
• Factories
• Hotels

We offer two bridge-to-term options, designed for different types of deals and exit strategies. It’s a 7-year facility – with up to 2 years on a bridging rate, then 5 years on term once trigger conditions are met. Available across England, Scotland and Wales

The Stabiliser: For properties that are already generating income but need time to stabilise before refinancing.

• Designed for clients who need time to stabilise rental income or secure tenants
• Up to 70% day one LTV
• £250,000 to £5 million, rates from 6.45%
• Smooth move into an Allica term facility once trigger conditions are met

The Improver: For properties that need light or medium refurbishment before refinancing.

• Works for EPC upgrades, HMOs, single-storey extensions and more
• £500,000 to £5 million, rates from 7.05%
• 100% works funded of initial valuation
• Up to 65%
• Valuation taken at the lenders cost
• No monitoring surveyor or quantity surveyor reports needed

A refurbishment bridge is ideal for those looking to quickly access funds for property renovations or improvements.

Light refurbishment

• Works loan limited to 50% of open market value (OMV)
• Energy Performance Certificate (EPC) enhancements such as upgrading electrics, boiler, insulation for walls and floors, new double and triple glazed windows and doors

Medium refurbishment

• Loft conversions
• Reconfigurations
• Single storey extensions
• Commercial to residential schemes

Floor area not to increase by more than 25%, a maximum cost plan 100% of OMV and works duration limited to 12 months.

Refurbishment bridge

Work examples:

• EPC improvements
• Internal reconfigurations
• Residential to HMO conversions
• Change of use projects
• Small permitted development projects

80% / 85% LTV gross bridge, with post works value (GDV) limited to:

• 75% LTV for residential
• 70% LTV for semi-commercial (residential element to be > 50%)
• Commercial elements valued on a vacant possession basis (VP)
• Works scheduled to be no longer than 12 months
• Competent contractor carrying out works
• No MS/QS reporting