Bridge-to-let loans in the UK are a specialised form of financing that combines the features of bridging loans and buy-to-let mortgages. They are designed for property investors looking to purchase and refurbish rental properties before transitioning to longer-term financing.
Buy-to-let property has been an established option for property investors for many years. However, getting finance to purchase these types of properties can be challenging, as the criteria for buy-to-let mortgages can be quite comprehensive.
When an investor identifies an attractive property, the bridge-to-let loan provides immediate funds to facilitate the purchase and necessary refurbishments. This type of loan is fast to arrange, catering to the urgency often required in property transactions.
Choosing a bridging loan for a buy-to-let investment offers several key advantages:
There are several key considerations borrowers have to be aware of:
To help discover the approximate costs involved with bridging finance use the online bridging loan calculator for guidance.
Novellus offers a stress-free application process. For more information simply call us today on 0203 397 4871 or fill out our form below.