Full financial documents are not required, in some cases we may need to see business bank statements.
Once an application has been submitted funding can occur in as little as 24 hours.
Loan terms range from 1 month to 12 months. Interest and fees can be capitalised or you can select a 12 month interest only option.
Right here at Homesec Business Finance Limited, our funding can occur in as little as 24 hours.
After completing our online application we will need a copy of your ID and a rates notice and a current mortgage statement.
The cost of a bridging loan is determined by the loan amount and loan term, we have a no obligation letter of offer which will set out the exact cost of the loan. This is issued once an application has been lodged.
You can borrow up to a maximum of 75% of the value of your property, this must also include any current mortgage you have.
We have an interest only 12 month loan option, or you can choose to have all interest and fees capitalised into the loan.
Interest rates start from 2.95%pm.
Our loan terms range from 1 month to 12 months, however extensions are available.