Bridging finance for land is a type of short-term finance used to purchase or refinance land quickly. There are a variety of uses for bridging finance against land such as bridging whilst planning permission is obtained or purely to release short term funds.
The purchase of a piece of land, with the intention of applying for planning permission would be ideal for a bridging loan. Once planning permission is granted, you would then refinance to development finance, to allow you to proceed with the build.
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- Market leading rates from 0.44%/month
- Terms within an hour
- Up to 100% LTV (loan to value)
- Up to 3 years period
- Loans available up to £100 million
- No upfront fees
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- Whole of the UK market
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