A land bridging loan is a type of loan used specifically to buy land which usually does not have any existing buildings established on it. This type of funding is a short-term option that helps bridge the gap while organising long-term finance.
It is an effective tool for investors and developers who need quick, short-term financing to capitalise on land acquisition opportunities. The land bridging loans are usually secured against the land itself or other assets owned by the borrower. The land can be used for any purpose, including building residential homes or commercial properties.
As an independent specialist land bridging loan lender, we use our own capital which enables us to provide fast decisions, flexible terms and the best land financing options on the UK market exclusive to us.
Other reasons to use our expert services include:
The land purchase market in the UK is very competitive and when property investors and developers find suitable land they need to be able to make a quick purchase.
During the loan approval process, the borrower must ensure there is a good exit strategy in place. Common methods include selling the properties built on the land, sale of the land after planning has been granted and/or longer-term refinancing options.
The borrower can repay the loan at any time without incurring any early repayment fees (save for the interest payable during the repayment notification period).
Novellus are unable to offer a loan secured by way of a first legal charge against land being used for a principal private residence, as this will be considered a regulated loan.
Novellus will consider land with existing vacant premises that are currently not income bearing.
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.
Any data you provide Novellus Finance will be used in the decision making and processing of any future loan. The data we collect will be shared with our legal representatives and potentially other third parties to assess your suitability and for future transactions on any loan(s) with Novellus Finance. We will hold information securely for up to 7 years after your contract with Novellus Finance ends. Should you wish for us to delete all traces of data we hold about you after your contract expires or should you wish to request details of data we hold about you please email [email protected]
DPA Registration Number: ZA259171
Novellus Limited is registered with the FCA. Our registration number is 782166
©2023 Novellus Finance is a trading style of Novellus Limited registered in England and Wales.
Company No. 10790634. Registered address: T Bromley, 15-17 London Road, Bromley, BR1 1DE
THINK CAREFULLY BEFORE SECURING ANY DEBT AGAINST YOUR PROPERTY. YOUR PROPERTIES MAY BE AT RISK IF YOU DO NOT MEET THE COMMITMENTS OF YOUR LOAN