BRIDGING FINANCE LONDON

Dependable Bridging Finance That Gets Closer To Your Business Needs

The Benefits

Why choose Novellus for Bridging Finance in london

Quick access to funds, with no external credit committee to delay processing
Loans from £500,000 with no upper limit
Options available with unsecured lending or 100% funding against assets
Funds available in as little as 48 hours, but usually 1-2 weeks from the application

Funding is underwritten on a case-by-case basis, meaning fast decisions and an easy process
The normal loan term is generally between 6-12 months
Early repayments can be made without incurring any early repayment fees
If you have bad credit, we can help you obtain a loan, thanks to our flexibility with credit status

Versatility

WHAT CAN BRIDGING FINANCE LOANS IN LONDON BE USED FOR?

BRIDGING FINANCE CAN BE USED FOR A MULTITUDE OF PURPOSES IN LONDON, SUCH AS:

Commercial

BRIDGING FINANCE FOR COMMERCIAL PROPERTY

Obtaining a loan for buying a commercial property in London can be a long process, which can result in the borrower losing out on a deal.

Novellus are a specialist lender that provide fast bridging finance, allowing investors the opportunity to secure purchases ahead of other buyers.

Buy-to-let

BUY TO LET FINANCE IN LONDON

Due to the high population, rental property is always in demand in London. As an investment opportunity, buy-to-let is popular with many investors vying for the same properties.

To ensure they do not lose out on lucrative deals, many choose bridging loans as a financing solution initially to secure the purchase of a property, allowing time to secure long-term finance.

Property refurbishment

PROPERTY REFURBISHMENT FINANCE IN LONDON

As London continues to grow and develop, property of a high standard is in constant demand. Property developers looking at renovations and refurbishments often need property refurbishment and development finance to do so.

Bridging loans offer a funding solution for property investors, enabling them to undertake refurbishments without delay to help improve assets and increase their value.

To get some great insights from one of our property bridging finance specialists, call us on 0203 397 4871 or apply online!

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, I 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 my project. They have a good range of products and very good levels of customer service. I look forward to working with them again in the future.”

WHO ARE BRIDGING finance LOANS SUITABLE FOR?

Here at Novellus, we have no external credit committee which means the approval process is faster, allowing for quicker decisions than most of our competitors in London 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 the timescales are quick for both the approval and the application process.

Common borrowers include those who are interested in:

Commercial Investment Property

Property Improvement and Refurbishment Investment

Site acquisition and Land Purchase

Auction Funding

Refinancing from existing Bank or Alternative lender

Portfolio Building

Completion of Construction Projects, etc.

Novellus provide unregulated bridging finance loans, ranging from £500,000 with no upper limit. Our Loan To Values (LTV) is usually between 50 – 70% and we can discuss applications based on their individual merits.

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

Bridging Explained

What Is A Bridging Loan?

Bridging loans are short-term finance options. Novellus brings the added benefit of making an application for a loan a straightforward and swift process. This makes Novellus an ideal source for those who require funds quickly.

To secure a loan, the borrower must provide an asset, such as property that can act 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. If you are looking to start or expand a property business in the area, speak to Novellus Finance about their top finance solutions, ideal for property developers and investors looking for investment opportunities in London.

Accessibility

Can Anyone Apply for a Bridging loan?

We consider every application on an individual basis and provide a straightforward process.

Anyone can apply for a bridging loan in London because we have no fixed products or criteria and base each application on its own merits when making a decision.

Novellus offers a stress-free application process.

For more information simply call us today on 0203 397 4871 or fill out our form below.