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Regulated bridging loans
Residential and semi-commercial regulated bridging loans from £26,000 - £3.5m
If you are offering a first charge over residential property or a semi commercial property of which more than 40% is occupied or will be occupied either by you or any member of your family, the loan will be a regulated mortgage contract.
Please read our IDD (Initial Disclosure Document) about our services by clicking on IDD.
We like things fast! At Commercial Acceptances we provide immediate lending decisions for your bridging loan requirement and we offer highly competitive bridging loan rates. A decision, in principle, can be given immediately over the phone and if we are able to assist the terms for your loan will be confirmed in writing with the issue of a Key Facts Illustration.
Short term bridging loans
Commercial Acceptances have flexible bridging loan lending criteria. Our short-term regulated bridging loans are usually available for periods between 90-360 days, but longer terms are available on request and there are no redemption penalties should you choose to repay the bridging loan early.
We lend up to 70% of the value of the UK property in question. We charge interest at 1.3% - 1.5% per 30 days. The overall cost for comparison is 20.1% APR.
The actual bridging loan rate available will depend upon your circumstances and will be confirmed in writing with the issue of a personalised Key Facts Illustration.
We will require a full explanation as to the use of the bridging loan and we must be fully satisfied as to the proposed method of repayment of the bridging loan.
We collect a valuation fee at the outset only and charge a £200 administration fee on redemption, with no commitment fee or early repayment charges. We do not impose minimum periods.
We lend between £26,000 and £3.5M secured against the property.
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
