Rapid Exit Bridge

When your clients want to minimise interest and exit Bridging Loans quickly, we have the answer.

Key Features

  • 18 Month facility for maximum peace of mind.
  • Minimum loan size £105,000.
  • Charge rate:
    • 0.49% for 4 months
    • Followed by 0.99% for 8 months.
  • Minimum interest charge only 90 days (and you still have another months flexibility to exit to leave before the end of month 4 and still only pay 0.49% monthly!)
  • Fees in 2% of Gross Loan, with 1% proc fee paid to introducing
    broker.
  • Fees on exit 0% (after 90 days.)
  • Separately charged broker fee can be collected from Net Loan if
    required.
  • All loans based on Open Market Value and not 180 day Value.
  • Freehold residential 75% of OMV (minimum residential value
    £150,000.)
    And remember, we do not charge admin fees.

How it works: Contrast and Compare

Your client purchases a residential property for £250,000 and ‘flips it’
onto a Buy to Let mortgage after 4 months of using the Bridging loan.

Typical UK bridging terms

Client purchases a property for £250,000 on standard industry terms
of 75% of 180 day valuation, at typical rates of 0.89% monthly, with a
12 month facility. Client repays the bridge after 4 months using a BTL
mortgage.
180 day valuation typically 10% less than OMV (Open Market Value)
= £225,000
Gross Loan facility is £225,000 x 75% = £168,750
Interest incurred = £168,750 x 0.89% monthly x 4 months = £6,007.50

Signature Property Finance Terms

Gross loan = OMV at £250,000 x 70% = £175,000. This is £7000
more gross loan facility
Interest incurred over 4 months = £175,000 x 0.49% monthly x 4 =
£3,430 (a saving of £2,577.50)
The Signature Rapid Exit Bridge allows a larger gross loan than
lenders who work on 180 day valuations (even if their LTV looks
higher to start with). Yet the interest cost to your client who moves to
a BTL Mortgage after 4 months is 45% less.
The ‘maths’ speak for themselves; we lend you more and it costs
your client less!
To discuss your client’s deal in detail, please get in touch and start
saving.

Latest deals

LATEST case study

Signature provide six-figure bridging loan to experienced Scottish developer

Keen to build strong working relationships with experienced property developers across the UK, Signature’s services were recently utilised by a Scottish developer with a long-term vision to acquire additional investment properties and expand their existing portfolio. Already with a range of BTL investments, the developer in question identified a fresh…

Read case study