Dragonfly Bridging
Our
Bridging loans offer a cheap, fast and flexible method of property finance where funding is needed for up to 12 months. Funds can be arranged within days or in advance, giving you the flexibility you need.
Bridging products with a term of up to 12 months include:
RESIDENTIAL BRIDGING LOANS
Residential Property Purchase - Up to 85% of purchase price on discounted transactions (100% with additional security),
Residential Refinance - Up to 70% LTV,
Residential Property Refurbishment - Up to 70% of the value plus 70% funding of refurbishment costs,
COMMERCIAL BRIDGING LOANS
Property Purchase (Investment) - Up to 80% funding for blue chip or government tenanted, investment purchase,
Property Purchase (Owner Occupied) - Up to 50% funding for purchase of your own business premises.
Commercial Refinance - Up to 40% LTV,
USES INCLUDE:
Short term capital raising - Borrow against one or more residential investment properties and use funds for any legal purpose eg:
Property renovation Childs education bills Car purchase
| |
Speedy residential purchase - Take advantage of a deal where a speedy purchase is required to lock in a discount, and then refinance the loan over the coming months.
Broken residential chain - Use the Bridging loan taken out against an existing property (as long as it is not the borrowers home) to allow the borrower to complete on the purchase of a new home when the buyer of the existing property pulls out.
Mortgage offer pulled - Secured against a new property where a mortgage offer has been pulled so as to complete the purchase providing several months to find and secure a long-term mortgage.
Property improvement - Property investors often wish to renovate a property in a few months and subsequently sell or refinance. A bridge can often prove to be the perfect vehicle for this short-term capital requirement.
Buying at auction - Giving you the ability to place the 10% deposit and settle in full within 14-28 days (at risk of losing the deposit if you don't complete) where traditional lenders are unable to complete in the timeframe and refinance over the coming months.
Pre-approval: DrawDown Facility - A pre-arranged, pre-approved limit that can be drawn down against a property or portfolio of properties at a moments notice allowing you to make the most of being able to move fast.
View full details of our Bridging product below or view our full product range.
Bridging Medium Term All Products
Full Details 1 to 3 year term
