BRIDGING FINANCE - KENT

Dependable Bridging Finance that gets closer to your business needs

The home county of Kent sits in the southeastern tip of England and has a population of approximately 1.9 million people. Known for its rich heritage, including Canterbury Cathedral, home to the leader of the Church of England, it is also famous for the White Cliffs of Dover and its links to France through the channel tunnel. With a wide and varied economy, Kent continues to develop and flourish as a commuting county, as well as an industrial and tourist destination.

Kent is an ideal location for property development and investment; if you are looking to start or expand a property business in the area, speak to Novellus Bridging about their range of nationwide bridging loan products, ideal for property developers and owners in Kent.

Bridging Explained

What Is A Bridging Loan?

Bridging loans are short-term finance options. Novellus Limited will assist in making an application for a loan a straightforward and swift process. This makes Novellus Limited an ideal source for those who require funds quickly.

To secure a loan, the borrower must provide suitable property assets as security. The repayment term for a bridging loan is usually between 6-12 months, but if circumstances dictate, this can be shorter. The borrower must have a clear exit plan in place, such as refinancing or selling the asset. London is an attractive location for property development and investment. Contact Novellus Limited about our top finance solutions, ideal for property developers and investors looking for investment opportunities in Kent.

WE STRIVE FOR 100% CUSTOMER SATISFACTION

Testimonials

“We wanted to release initial equity from our site with further instalments during the term to fund other projects. Novellus offered us an extremely competitive rate of 0.7% pcm, fixed for 2 years, engaged with us quickly, visited the site and conducted their due diligence efficiently. Novellus were professional and courteous throughout the process and a pleasure to deal with.”

“Having dealt with Novellus for 12 months now, we can confidently say they are great to deal with. They've been very straightforward, understanding, and brilliant with communication. The team have been particularly helpful throughout and are always at the end of the phone/email to answer any questions or concerns no matter how big or small.”

“Novellus’s customer journey was straightforward. They have a reputation for being sensitive to time pressure and were able to provide finance quickly for our project. They have a good range of products and very good levels of customer service. We look forward to working with them again in the future."

WHAT CAN BRIDGING LOANS BE USED FOR?

Bridging finance can be used for a multitude of purposes, some of the more common uses are:

BUY-TO-LET

Bridging for rental business

As a home county, rental property is always in demand in Kent. Buy-to-let is growing as an investment opportunity and many potential landlords turn to bridging loans as the initial funding source while applying for long-term finance.

Auction Purchases

BRIDGING FOR WHEN YOU NEED TO MOVE FAST

When buying at auction, a deposit needs to be paid immediately with the balance due within 28 days. Bridging loans provide access to funds quickly this allows buyers the opportunity to purchase through auctions while they apply for a traditional mortgage.

Property Investment and Development

Bridging for property renovation

With great links to London, property investment and development in Kent is expanding. Bridging loans provide a fast solution for property developers while long-term funding is finalised.

Get some great insights from one of our commercial finance specialists, call us on 0203 397 4871 or apply online

Suitability

WHO ARE BRIDGING finance LOANS SUITABLE FOR?

Novellus Limited has no external credit committee which means the approval process is faster, allowing for quicker decisions than most of our competitors in Kent can provide.

We provide a service for those who might not be able to secure traditional funding from High Street Banks.

Some forms of lending can take several months to process an application from start to finish, whereas at Novellus Limited the timescales are quick for both the approval and the application process.

Borrowers include those with an interest in:

Commercial Investment Property

Light or heavy refurbishment to Investment Property

Site acquisition and Land Purchase

Auction Funding

Refinancing from an existing Bank or Alternative Lender

Portfolio Building

Development Schemes

Novellus Limited only provide unregulated bridging finance loans, ranging from £500,000 with no upper limit and we consider each application on its own merits.

To find out what the costs of a bridging finance loan could be, use our loan calculator for guidance.

The Benefits

Why choose Novellus for Bridging Finance

Funding is underwritten on a case by case basis, which means quick decisions and a swift, easy process
Normal loan term is generally between 6-12 months
Early repayments can be made without incurring any early repayment fees (save for the interest payable during the repayment notification period)
If the borrower and/or its key personnel have bad credit, we may still be able to assist.

Accessibility

APPLYING for a Bridging Loan?

We do not offer regulated loans. We will consider every application on a case-by-case basis.

We offer a stress-free application process.

For more information give us a call on +44 (0) 203 397 4871 or fill out our form below.