Home » Bridging Loans For £2 Million and £3 Million
Get Bridging Loans For £2 million – £3 million
KP Finance can arrange bridging loans for £2 million or £3 million to help purchase properties under tight deadlines and bridge the gap between the sale of one asset and purchase of another.
We work with ambitious developers and investors in the UK and overseas that are looking to grow their portfolios and our access to fast bridging loans allows them to do this.
KP Finance can help with £2 million and £3 million bridging loans for new property purchases, breaking chains, auction purchase, refurbishments and more – accessing flexible terms that are structured to your personal needs.
We typically arrange funds over 3-24 months, with interest rolled up and no early exit redemption fees.
To enquire today, call the number below or enter your details into our form provided. The KP Finance team can offer clear and constructive feedback whilst helping you get an initial decision in principle and funding usually within 3-4 weeks.
Call +44 203 488 1128
Samuel Kalms, Director
Why Borrow £2 Million or £3 Million Bridging Loans with KP Finance?
Founded in 2016, our expert advisors have more than 30 years combined experience in the bridging and real estate finance sector.
Our market knowledge will add huge value to preparing and planning your project and our established relationships with private lenders will allow you to get the best terms possible for your requirements.
KP Finance is not simply an intermediary. We are involved in the entire transaction from initial enquiry to post completion. We enjoy looking through business plans, projections, designs and timelines and we want to make your project a success in the most practical, economical and effective way.
See Also: Large Bridging Loans
How Much Does It Cost To a Borrow £2 Million Bridging Loan?
Loan Amount: £2,000,000 (at 70% LTV, property value = £2,857,143)
Term: 12 months, Interest Rate: 1% per month
Repayment Type: Rolled-up (interest paid at the end) Total Interest: £20,000 × 12 = £240,000 Total Repayment: £2,240,000 (loan + interest)
How Much Does It Cost To a Borrow £3 Million Bridging Loan?
Loan Amount: £3,000,000 (at 70% LTV, property value = £4,285,714)
Term: 12 months, Interest Rate: 1% per month
Repayment Type: Rolled-up (interest paid at the end) Total Interest: £30,000 × 12 = £360,000 Total Repayment: £3,360,000 (loan + interest)
What Are The Terms You Offer?
| 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 |
What Are The Interest Rates For Bridging Loans?
Interest rates for bridging loans start from 0.40% per month over BOEBR (variable) or c.0.7%-1.25% fixed) and will vary depending on the level of risk and experience of the customer.
What Can I Use a £2 Million Bridging Loan For?
- Property purchases
- Investment property purchases
- Residential property
- Commercial property
- Buying property at an auction
- Renovations and refurbishments
- Chain breaks in property sales
- Land acquisition
What Kind of Properties Can You Purchase With KP Finance?
- Residential
- Commercial (all asset classes),
- Mixed-use
- Land purchases
- HMOs
- Hotels
- Warehouses
- Garages
- Student accommodation
- Leisure centres and gyms
- Offices
- Blocks of flats
How To Apply For a Bridging Loan Step-By-Step
- Make an enquiry
- Get an offer
- Get a property valuation
- Complete with solicitors
- Your funds are released
You will start your application by sharing information about the property and your plans for it.
The property you are looking to purchase or renovate will be used as security during the loan team. The lender will consider the risk and offer terms based on the customer’s experience, financial background, the value and potential of the property.
All transactions will be subject to a property valuation and a legal review and once fully checked, the loan funds are released in one lump sum.
For lenders, it is key that the borrower has a clear exit strategy for paying off the loan at the end of its term. As an applicant, you will need to demonstrate clear plans, purchase costs, building costs and any necessary building work such as architect and engineering plans.
The loan is commonly repaid via a re-sale of the property, refinancing under new terms or alternative funding, such as moving the loan to a buy-to-let mortgage.
Am I Eligible For a £2 Million Bridging Loan With KP Finance?
- UK resident or company
- Property used as security
- Property is in UK, Scotland or Wales
- Clear exit strategy
- Financial records and statements
- Proof of funds/deposit
- Good credit history preferred but not essential
What Are The Additional Fees?
- Arrangement fees (typically 2%)
- Valuation fees
- Legal fees
- Exit fees (if applicable)
- Stamp duty
- Construction, architect and engineer costs
