Dependable Bridging Finance That Gets Closer To Your Business Needs
BRIDGING FINANCE CAN BE USED FOR A MULTITUDE OF PURPOSES IN LONDON, SUCH AS:
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.
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.
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!
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
Refinancing from existing Bank or Alternative lender
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 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.
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.