Residential Bridging Finance in Ipswich, Suffolk

Residential Bridging Loans

Fill a gap in funding for your new home with our short term lending options.

tick mark 24 Month Lending Term
tick mark Maximum Loan to Value – 80%
tick mark Minimum Loan £25,000 – Maximum Loan £25,000,000
tick mark Suitable for Refurbishment, Auction, or as a chain breaker where you may want to purchase a property without selling your existing one.

* There is usually an arrangement fee, and occasionally an arrangement fee on exit.

Click now to speak to an expert at Try Financial

Get in Touch

Extensive Range of ServicesAcross all lending sectors

Friendly Professionals delivering honest and knowledgeable advice

Whole of Market Accessfinding the right solution for you

Remote Servicingexpert advice without you leaving your home or business premises

Lending Secured on your Main Residence

There are two main types of this form of finance.

All forms of bridging loans are short term, usually up to 12 months. The main reason for borrowing in this form, is to help plug a funding gap between the sale of the borrower’s current residential property and the one they are looking to purchase. Where a property is taking too long to sell, and equity in that property which is to be used in the purchase remains tied up, then in order to save the purchase from falling through, it is possible to take out a bridging loan for the value of the equity, which will be repaid later from the sale of the current property.

There are other occasions when a Bridging Loan might be needed quickly. For example, when a property is being bought through an auction, there is often insufficient time to arrange a long-term loan, and bridging finance is in ideal form of finance to assist the borrower complete their transaction.

With all forms of bridging loans, the lender will want both a clear understanding, and to be confident in the borrower’s proposal to repay the loan either through sale or, by re-financing on to a longer-term loan at the outset. At Try Financial we work closely with all our clients to advise both on the initial purchase bridging loan, and the chosen exit, and will ensure everything runs smoothly.

Talk To Us Today

Lending Secured on an Investment Property

Usually, having found an investment property that requires some improvement or conversion work before it is to be either sold or let, the best way to fund the purchase of the property, is by using a re-furbishment bridging loan. This provides the customer with the time and flexibility to do what’s needed and, in many cases, receive funding from the lender for the cost of the works. Money to support the works is almost always released in stages and will need a surveyor to approve what has been carried out. Refurbishment projects can vary from relatively minor work such as kitchen and bathroom replacement and re-decoration, to major conversions, property layout changes and extensions. Whatever the scale and nature, a Bridging Loans can be tailored to fit and help bring many projects to a successful conclusion

Sometimes a property sale is at a price below market value. The reasons for this are often many but, bridging funding is available to help buy these properties initially, at a 100% of the discounted price, depending on scenario and lending criterial. These opportunities we recognise as being too good to miss, and we specialise in helping customers in this situation.

Bridging Loans in all forms involve a term of up to 24 months, and interest is either paid in advance or paid monthly. When paid in advance, the borrower only pays for what they use, and if the loan is repaid therefore before the term ends, then the lender refunds what has been overpaid. Loans are available for property transactions in England and Wales and also Scotland. There is usually an arrangement fee, and occasionally an arrangement fee on exit.

Call Try Financial now for a FREE CONSULTATION.

Contact us

See What Our Customers Think

  • 5 star review  We came to Aaron on the recommendation of a friend, we were in a tough spot facing a very high interest rates as we had some adverse credit. However Aaron... read more

    thumb John Martin
    November 5, 2021

    5 star review  From our initial enquiry to getting the offer accepted Aaron has gone above and beyond on many occasions ensuring that we have the very best offer available and suitable for... read more

    thumb Julie Hinchley
    November 1, 2021

    5 star review  I cannot recommend Try Financial enough! Aaron was absolutely fantastic when helping us get our mortgage from start to finish he has been so helpful, really professional and has honestly... read more

    thumb Tillie Banyard
    October 26, 2021

    5 star review  Highly highly recommend Try Financial. Martin you are a star! He was professional, worked incredibly hard and did an amazing job on helping us with several mortgages and refinancing over the... read more

    thumb jamshid nazari
    October 11, 2021
  • 5 star review  Aaron was very helpful throughout all stages of the mortgage application, always available to help with our questions and liaise with both the lenders and our vendors agents where necessary. We... read more

    thumb Geoff Cutts
    October 3, 2021

    5 star review  Me and my husband are first time buyers and found Aaron to be incredibly helpful with everything and responded very quickly when we had any queries. Would highly recommend for... read more

    thumb Eden Scott
    October 1, 2021

    5 star review  Me and my wife are first time buyers. After finding a house Aaron promptly sent us the fact find forms. After we had returned these we had a... read more

    thumb Gareth Scott
    August 27, 2021

    5 star review  Reading through these reviews I may have thought they were fake reviews as they’re just too good - but having experienced the expertise and professionalism of Aaron at TRY Financial... read more

    thumb Nicola Emerick
    July 1, 2021

Get in touch with us today for fully independent, expert mortgage lending and protection advice

©Try Financial

Website by Unity Online