Bridging Finance - Hampshire

Dependable Bridging Finance that gets closer to your business needs

Hampshire is one of the most desirable areas to live in the UK. Sitting at 13th place in the top 20 places to live in the UK since 2018, it offers a great quality of life.

The coastal areas and stunning countryside give Hampshire a unique charm and a well-developed road network means you can travel with ease. Rail lines run into Waterloo, either from Portsmouth via Petersfield or from Salisbury or Southampton via Basingstoke

Hampshire has plenty of historic homes, large farmhouses or smaller cottages, large Georgian homes, country estates and Victorian detached properties. Prime properties in the best areas, perhaps with stunning river frontage or Solent views are in high demand and there is land for development as well.

Securing a bridging loan can open the door to many investment opportunities in Hampshire.

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 Hampshire.

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."

USING A BRIDGING LOAN IN HAMPSHIRE

There are several reasons why you may need a bridging loan to buy property in Hampshire. These include:

auction bridging finance

Hampshire Auction Purchases

Auction properties are usually sold below market value, so this is a good opportunity to secure a good investment. However, participants must be able to immediately put down a deposit, with the balance due generally within four weeks. A bridging loan can help a borrower secure the requisite funding needed to complete a purchase.

property development

Hampshire Property Investment and Development

Hampshire is a desirable area to live, attracting property investors who look for good development areas. Bridging loans offer a speedy solution for property developers looking to invest quickly within Hampshire.

buy-to-let

Hampshire Buy-to-let

As more people look to move to Hampshire, rental property has become in high demand. For potential landlords seeking buy-to-let properties, bridging loans can be a useful form of short-term finance while seeking longer-term funding options.

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

Suitability

WHO ARE BRIDGING 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 Hampshire 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.

BRIDGING LOAN LENDERS IN HAMPSHIRE

It is possible to arrange a bridging loan through a broker but you can also talk directly to your Hampshire bridging loan lender of choice. Novellus’ Bridge Program offers additional flexibility for those who do not yet qualify for traditional financing, giving the borrower time to obtain long-term financing.

To find out the approximate costs involved with a bridging loan, use our online bridging 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.

Novellus offers a stress-free application process.

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