Bridging Loans Broker Since 2016
A bridging loan broker can refer to the whole market to find you the most competitive rates and structure the loan terms to suit your needs.
KP Finance is an established bridging loans broker which has built close relationships with bridging lenders, private lenders and institutions over several decades.
We take a personal interest in your project and understand that every case is different. We want to understand you and your requirements and find a lender that will tailor their loan terms especially for you.
For auctions, refurbishments or quick property purchases, we can help you secure £1 million, £5 million or £10 million within a few weeks.
Call the number provided to speak directly to our team and you can receive an indicative quote in 24 hours.
Samuel Kalms, Director
Why Use a Bridging Loan Broker Like KP Finance?
Finding the best loan terms and lender can be tricky. A good bridging loans broker like KP Finance will be able to look at your proposal and give real quality feedback on the numbers and figures.
We will put your proposal for a property purchase, renovation or auction and present this in the best way for a bridging lender to approve and move as quickly as possible.
Our relationships with established lenders and partners have been built over several years – and many of the financial options we have are not available through traditional means.
We can structure the deal in the best way to suit your cash flow and timeline requirements and provide an impeccable service from start to finish.
Useful Guides
Am I Eligible For a Bridging Loan?
What Kind of Bridging Loans Can We Help With?
Auction finance – When buying property through an auction, you are required to pay 10% of the property value on the day of the auction and provide the remaining 90% within 28 days of applying. This is effectively a bridging loan and can help you complete the auction within your required deadline.
Light refurbishment – For any small light or minor cosmetic changes to a property, you can use a bridging loan broker to help you find the right deal. This includes making changes to furniture, decor, painting walls, internal renovations and more.
Heavy refurbishment – For any large or structural renovations such as building basements, loft conversions, side or back extensions or a full overhaul of the property, you can use a bridging loan broker for heavy refurbishments.
Second charge loans – For additional funding, a second charge loan is placed on top of your existing loan like a bank loan or mortgage. It is second in priority when it comes to making payments on the property and is often used to supplement refurbishment expenses.
What Are The Terms of Your Bridging Loans?
| Term | Details |
|---|---|
| Loan Term | 3-24 months |
| Loan Amount | £50,000 – £10M+ |
| LTV | Up to 75% |
| Interest Rates | From 0.70-1.20% per month |
| Repayment Type | Retained, Rolled-up or Serviced |
| Security | First charge |
Why Use KP Finance As My Bridging Loans Broker?
Our Commitment To You:
- We will not present you with the cheapest bridging loan for the sake of it. We need to pair you with a lender that offers flexibility for any scenario and further down the line. This could mean having a lender that does not charge exit or late fees and can provide affordable refinancing options if need be.
- We will help you find the right bridging lender and once it has been funded, we will continue to be in touch and communicate with you to ensure that your project is going well and as planned. If cash flow or loan repayments become an issue, we will continue to be involved and engage with the lender to offer you the best terms.
- We will structure the terms according to your needs – so that your project can go exactly as planned and you have the right capital and repayment terms that suit you.
What Are The Benefits of Using a Bridging Loan Broker Over a Direct Lender?
Results-based – As brokers, we only receive a fee if your loan application is successful. Therefore, we are determined to get your loan application approved and funded as quickly as we can.
Get feedback – A bridging lender might outright decline your feedback, without giving a reason. As a broker offering a personalised service, we will give you honest and quality feedback on your loan application and see where we can add value using our expertise.
Increased chance of approval – By using a bridging loan broker or intermediary, you maximise your chances of approval by getting responses from multiple lenders with just one application. This saves time and effort compared to applying with different lenders one-by-one and having to make several applications.
Get access to the best rates and terms – When applying with a broker, you are accessing rates from the whole market and you can choose the best rates and terms for your requirements. There is no need to settle with the rates from just one lender, a broker can open you to all kinds of options that you may not have considered.
Fast property purchases – Bridging is often used for property purchases on a tight deadline. Whether you need a bridging loan fast or are purchasing a property at an auction, a broker can help you secure the fastest option if need be.
What Information Do I Need To Provide When I Apply?
- Details of the property in UK, Scotland and Wales
- Proof of track record and prior experience
- Individuals, limited companies and groups
- Good credit score not essential
- Financial records and statements
- Proof of funds/deposit
- Information about the auction (if applicable)
- Business plan with clear exit strategy
Case Studies
Frequently Asked Questions
What Fees Do You Charge As A Broker?
As a broker or intermediary, we charge a 1-2% fee of the overall loan value which is paid upon completion of the loan.
Which Areas Of The UK Do You Cover?
We proudly offer bridging loans in Aberdeen, Birmingham, Brighton, Bristol, Cardiff, Cornwall, Durham, Edinburgh, Glasgow, London, Liverpool, Leeds, Leicester, Manchester, Nottingham, Newcastle, Sheffield, Southampton and many more.
How Soon Can You Give Me An Initial Quote?
We can provide an initial quote from real bridging lenders in 24-48 hours, provided that we have received the necessary information about the property and your plans for it.
Can You Help Me Get The Cheapest Bridging Loan?
Yes, we can help you access the cheapest bridging loan on the market, which starts from 0.40% per month. However, this rate may not be available to everyone that applies, since each lender will have a different risk appetite. We may recommend other lenders that are more likely to approve your loan and offer more flexibility in terms of loan duration, LTV and repayment structure.
How Fast Can I Get a Bridging Loan?
We can facilitate a bridging loan as quickly as 5 days, but typically allow around 1-4 weeks from receiving an initial quote. We encourage customers to provide as much information as possible about the project and have a valuation and solicitor on hand to make the transaction complete quicker.
Do You Still Charge Me If My Loan is Not Successful?
No, we operate on a results basis only – and therefore only receive a broker fee if your loan is funded by the bridging lender.
