Bridging Loans Chester
Our bridging loans can be taken out for a period of up to 24 months
Our bridging loans range from £50,000 to £1.5m
Quick, fuss-free decisions within hours
Our bridging loan rates start from 0.85% per month
We consider each application based on its own merits
Bridging loans are short term loans that can be used for a variety of property purposes. Bridging the financial gap to secure your next property. Bridge loans have lots of uses but are especially used by property developers, landlords and other property entrepreneurs in the Chester and North Wales areas.
This is because, for investors looking to purchase a property asset or business property, a traditional mortgage may not fit the bill.
From Handbridge to Hoole and Boughton to Broughton, we cover the whole of the Chester region.
Reasons to use bridging loans:
- Unmortgageable/dilapidated property to be developed for investment or business purposes
- If property is undergoing ‘change of use’, perhaps from an office to residential apartments
- Refinance a property that may be mortgaged with another bridging lender
- Chain break on a residential move
- Purchasing a repossessed or dilapidated property at auction
If you are looking to invest or develop property in the Chester area, a bridging loan with Breeze Capital might be what you are looking for.
Call us on 01244 565095
Chester Town Crier
Super fast bridging loans for residential and commercial properties
Bridging loans are ideal for a multitude of uses such as residential and commercial purchases, industrial property and other types of investment properties.
All loans with Breeze Capital are unregulated, which means we can only offer development finance and bridging loans on properties that will not be lived in by the borrower.
Buying property for commercial use or as an asset to hold for the long term may not be suitable for a traditional mortgage, which is where a bridging loan can step in and help bridge the gap financially, until you are able to re-mortgage the property. Chester is a hotbed of property investment due to its affluent status and sheer breadth of property types and we can help you realise the value in that asset.
Who can apply for a Bridging Loan?
Bridging finance with Breeze Capital is simply a product designed to help Property Developers and Landlords secure further investment properties.
Buying property can often a be better bet than some pensions but it can be difficult to purchase investment properties if you don’t have the right guidance or advice.
As a property developer or investor, you need to be safe in the knowledge that you can access funding quickly and without fuss and because most Banks’ don’t offer bridging finance, a short term lender like ourselves is often the only viable option.
Apply online and get approved within 4 hours (working day) or in the worst case, 24 hours.
That’s the Breeze Capital way.
Call us on 01244 565095
The River Dee Chester
Why would you use a bridging loan?
Bridging loans can be used for all sorts of reasons, many of which we have already spoken about.
A bridging loan can be used to purchase unmortgageable properties, dilapidated properties, properties that the high street banks and mortgage lenders won’t be interested in funding.
Another reason could be to purchase land with planning permission. This is quite common but unlike other bridging lenders (who are capped at 50% LTV), we will lend up to 70% of the purchase price or open market valuation.
You may need cash quickly to purchase a property. You may need cash quickly to complete a sale on a property where your option agreement is due to run out.
You may need a bridging loan to refinance from another bridging lender because you are about to default on your loan and find yourself being charged default fees and extension fees.
The list of reasons why you may need a bridging loan is vast. Combined with the speed, efficiency and transparency that such lending attracts and you can be certain that bridging loans are here to stay.
Why use Breeze Capital for Bridging Loans in Chester?
Because we are good at what we do. Simple really.
At Breeze Capital, we pride ourselves on providing sensible and price sensitive bridging solutions in the Chester and North Wales area. We support property developers, landlords buying HMO properties and other associated property professionals.
- No upfront fees. Ever
- We offer land with planning bridging loans up to 60% LTV
- No other fees that you will not be aware of – we are very transparent
- Non status lending meaning we do not require evidence of your income
- Loan terms from 3 months to 24 months
- Just 30% Personal Guarantees (PG’s)
- Super quick application process
- Funds released within hours of approval
- Deal with decision makers all the way
- No collateral warranties for development finance under £1m
Opera Bar & Grill Chester
Apply for a bridging loan from Breeze Capital today
Apply online in seconds and we will start your application. Or call us on 01244 565095.
We will credit search you but NOT credit score you – that’s just how we roll.
Our decisions on whether to lend to you or not are based on the asset, the location, the exit strategy you have outlined to us (to repay our loan – usually via a commercial mortgage refinance or selling the finished property) and…well…Our gut feeling about you.
Trust works two ways
We trust you to deliver on the project we have agreed on, both in term of time and budget and you trust us to treat you fairly and act with complete transparency throughout the loan process.
Bridging loans can be complex affairs if you don’t know what you are doing, however, we do so you are in very good hands.