Rates from: Downsizing/Upsizing Releasing Funds From Your Home Short-Term Lease Finance Auction Purchase As at 9th September 2024 Rates from: Light & Heavy Refurb Finance For Unmortgageable Properties Land Purchase with planning As at 9th September 2024 Rates from: Up to 80% LTV Minimum Loan £500k Minimum net income £100k As at 9th September 2024 Thank You for your interest - please complete the form below and a member of our team will be in contact.
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Written by: Sam O'Neill & Sam Hodgson
For residential purchase, we can provide bridging loan options and then provide mortgage solutions once the bridging loan is no longer required.
At Clifton Private Finance, we can help you find the best bridge loan available and one suited to your own circumstances – especially at short notice. We help by:
When speed is a necessity, bridge loans can often facilitate a myriad of transactions – especially property transactions for larger sums, when you may have funds tied up elsewhere or are stuck in between purchasing a new property and selling your existing one.
The obvious benefit is speed, and we can secure you short term financing, (depending on the amount required) within a week to two weeks – as most bridge loans last a term of 12-36 months.
If you need a bridge loan urgently, then the flexibility of our service will allow you to get a successful application through to lenders – and you’ll be able to sort through all your available options and scope out the best possible deal when time is of the essence.
By applying for finance through a broker, you gain access to more options and can save a lot of time.
Here’s what an experienced broker can do for you when it comes to applying:
While there is an additional cost, this is offset by the speed in which a bridge loan can be organized and delivered through a broker – and it is essential, especially for the inexperienced, when preventing mistakes that can occur in a time-sensitive matter when you’re in need of a quick solution.
While nothing stops you from approaching lenders directly – it can prove more of a hindrance than a benefit.
If you're inexperienced in bridging loans and you are simply looking for a quick solution, then applying for finance through a broker is often the more popular choice.
It can often be difficult to recognise whether a lender best suits your circumstances – since bridge loan lenders often deal in bespoke products with specialisations in different areas.
With our services, we can find the right lender without you going through the hassle. We can determine exactly what type of loan you’ll need, and we can organize finance a lot quicker due to our connections and established relationships with lenders. The speed at which a bridge loan can be secured is down to the efficiency of working through expert bridge loan brokers.
With bridge finance, there aren’t many upper limits – yet, the loan available to you will ultimately be determined by a number of factors and criteria.
The bigger the security, the more you may be able to borrow.
A lender will calculate your borrowing power using your loan-to-value (LTV), calculated by dividing your loan amount by your securities value – this will determine exactly how much you’ll get.
Here are some of the key factors which will determine the amount you can borrow:
Offering multiple properties as security will increase the upper limit of your borrowing potential through a higher LTV percentage.
The value of the assets you plan to offer as security must be sufficient to cover the loan - taking into account interest payments or additional fees.
It is always important to remember your exit strategy, which will typically be the property your loan is secured against – it is helpful to have a solid, calculated plan before applying and to consider carefully how long the loan will last.
Bridge loans can always be organized relatively quickly, so the application process will not differ regardless of how quickly you need the funds.
However, with a bridging specialist’s help, you can be pointed in the right direction based on your needs.
What you will need is this:
With bridging loans typically being secured with property, most lenders will not need proof of income – bridge loans are repaid at the end of the term, alongside interest payments. Hence, a borrower’s income is not usually a roadblock in terms of having a successful application. They are mostly concerned with the worth of the collateral.
A borrower’s credit history will also be unlikely to affect an application; however, it is always advisable to be in good standing – and not have adverse credit or outstanding debts that could get in the way of repayment.
In a time-sensitive situation, bridge loans offer both speed and flexibility -and with our help, you can find the best possible deal and have the whole process streamlined through our access to a variety of specialist lenders.
At Clifton Private Finance, our bridge loan experts will help you avoid the common mistakes and pitfalls of those looking into short term finance.
We will be able to answer any questions you have, so get in contact with our team at Clifton Private Finance to book a consultation and start viewing all your available options and the best deals through our broker service.
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
James M
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
William W
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Chantelle S
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
Myr B
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
C Jefferey
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
Mr Morris
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
Charles N
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
Rowena C
