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Bridging Finance

Bridging finance also known as bridging loan is a short term finance for property owners or investors. Typical term of a bridging finance is between 3 months and 12 months. These loans are often taken out when property is in a poor condition and not suitable for a standard mortgage. Also, if you are purchasing a property from auction and transaction needs to be completed quickly, bridging finance or auction finance could be a good option. Underwriting for bridging finance is very quick due to flexible lending criteria i.e. minimum income or no income requirements and poor credit history also acceptable.

Residential Bridging Finance

  • Max LTV 75%
  • 100% funding accepted with additional security
  • Loans from £26k to £20m
  • Lending area England/Scotland /Wales
  • Interest options: Serviced, interest roll-up and payment deduction options available
  • Adverse Credit acceptable
  • Expat & applicants without permanent rights to reside in the UK accepted
  • No maximum age on self-funded BTL
  • Free Valuation scheme available for auction purchase (depending on product availability)
  • Free Lender’s legal fees for auction purchase up to £500k (depending on product availability)
  • If a property needs refurbishment, then client may be eligible to apply for additional funding allowing the costs of refurbishment works to be further advanced

Bridging Finance for Semi Commercial, Commercial and Land Products

  • Max LTV 70%
  • Loans from £50k to £20M
  • Interest options: Serviced, interest roll-up and payment deduction options available
  • Adverse Credit acceptable

T&C: Rates and conditions are subject to change time to time. Please do contact us to find out more.

 

Why Choose Olympia Finance for Bridging Finance?

Olympia Finance is a specialist mortgage broker based in London and Essex, providing mortgage and insurance services throughout the UK. We have access to the whole of market Lenders with a wide range of criteria hence, we can help you find a mortgage deal that suits your needs. Even with non-standard circumstances, we may still be able to help. Contact our specialist team today to find out how we can assist you.

Top 5 Reasons to choose Olympia Finance

Expert Advice

Here at Olympia Finance your case would be dealt by an experienced and qualified mortgage adviser from the beginning to the end.

Tailored Services

We understand every client’s situation is different and unique, hence we ensure all of our clients get the right mortgage deal based on their needs and circumstances.

Whole of Market

We have access to 1000’s of deals from the whole of market lenders. Therefore, we can source out the best deal for you that suits your needs.

No Mortgage No Fee

It is hardly happened that we take on a case and cannot complete, we are so confident that we will charge you the fee once you get the official mortgage offer from the Lender.

Client Satisfaction

We put all of our clients at the heart of everything we do. We have been constantly rated Excellent service provider on multiple reviews sites, i.e. Reviews, Google. Many of our clients come through referral and word of mouth, also our existing clients love keep coming back to us.

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LONDON OFFICE

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ​​

ESSEX OFFICE

64A Orsett Road

Grays

Essex

RM17 5EH​​

CONTACT

Tel: 0207 096 1988

Fax: 0207 112 8599

info@olympiafinance.co.uk

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PLEASE MAKE BORROWING DECISIONS CAREFULLY. MORTGAGES ON AND EQUITY RELEASED FROM YOUR HOME WILL BE SECURED AGAINST IT. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Olympia Finance is a trading name of Olympia Finance Limited. Olympia Finance Limited is registered in England and Wales, Registration No. 10218800. Registered Office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. Olympia Finance Limited is directly authorised and regulated by the Finance Conduct Authority and our FCA No. is 838613.The FCA does not regulate commercial mortgages, most buy to let and offshore mortgages. Telephone calls may be recorded for training and monitoring purposes.
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