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Bridging Finance

What is bridging finance?

Bridging finance is the provision of short-term loans against property and is used by the borrower as a temporary financing solution before transitioning to another financial arrangement or selling the property.

 

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Contact Us

Name Email Phone
Mark Marlow, Head of Bridging Business Development [email protected] 07928 758236
Fatlum Lushi, Lending Manager [email protected] 07387 799868, 0203 848 7803
Lee Moran, Business Development Manager [email protected] 07842 229929

Bridging finance with PCF Bank

PCF Bank provides a range of bridging finance solutions to suit your circumstances and needs.

We can provide bridging loans for:

  • Property purchases / refinance (unregulated only)
  • Buying a property at auction
  • Obtaining short term working capital for business use
  • Capital for the other legitimate business reasons
  • Development exits
  • Permitted Development (PD) schemes

Our team of experts are happy to talk through your project and financing requirements.

Important Information

  • Maximum loan size is £2.5m (gross)
  • Minimum loan size is £200,000
  • Maximum LTV is 75% (including interest and fee)
  • Maximum loan term is 18 months
  • No minimum loan term (however a minimum of three months interest is attributable)
  • Net loan provided and interest and fees are rolled during the term
  • England and Wales security location
  • UK limited company and residence borrowers only
  • PCF Bank will lend against the market value (not restricted)

Interest Rates and Fees

  • 0.65% - 1% pcm
  • 2% arrangement fee

Short-term funding solutions

  • Residential buy-to-let
  • Development exit
  • Semi-commercial
  • Commercial (deal dependent)

BRIDGING FLOW CHART PROCESS

STEP 1

Enquiry

Brief summary of your loan requirements to be sent by email to the BDM or Lending Manager

1

STEP 2

Terms & DIP

Following the initial review by your Lending Manager will issue indicative or Decision in Principle terms within 24 hours confirming the loan amount, rate, fee and term and what information is needed to progress your application

2

STEP 3

Application

Application form is submitted to your Lending Manager along with any requested supporting documents

3

STEP 4

Valuation

Valuation will be instructed within 48 hours of receiving your fully completed PCF Bank application

4

STEP 5

Offer

Your formal loan offer will be issued within two working days of your property valuation following receipt of your property valuation

5

STEP 6

Conveyancing

PCF Bank nominated solicitor will contact the borrower's solicitor on the same day of instructing following the issue of the formal offer letter

6

STEP 8

Completion

Upon receipt of the satisfactory report on title the funds are released and completion is achieved

7

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