Leading Broker for Bridging Loans and Development Finance in Scotland
The bridging market in Scotland is smaller than the English market, with less lenders in the space. However, we can still access a full range of bridging loans and development finance, covering all asset classes, throughout Scotland, including the islands. As a whole of market bridging loan and development finance broker, we are sure to find a market leading solution for all of your property finance needs. With no upfront fees, why not try us and find out!
We offer a truly bespoke service, with access to the whole lending market. Our panel offer industry leading rates and the fastest turnarounds in the business.
No credit check or bank statements
1st, 2nd and 3rd charge loans available
No monthly payments
No proof of income
Interest deducted from loan
Market-leading rates from 0.75%
100% available with additional security
Loans based on Market Value
Terms from 1-36 months
Loans from £50k to £50m
Discharged bankrupts welcome
No faster loans in the UK
England, Scotland, Wales, NI
No set criteria
Loans to individuals, LLP’s or limited companies
Buying under value from an LPA Receiver
Buying at auction
Development and refurbishment
Developing an uninhabitable property
Purchasing before planning permission
Borrowing against value not purchase price
Unexpected tax liability
You need a loan based on the value
When conventional credit is refused
You need working capital
You want no monthly payments
When you need finance fast
Hotels and Pubs
Multiple occupation (such as HMOs)
Offshore special purpose vehicles (SPV)
All of the lenders on our panel have a strong appetite to lend, and can provide access to market leading rates from just 0.45%.
With Tiger Bridging, you can benefit from our granular knowledge of the Scottish bridging loan market, with access to rates that are unavailable to the public. Using our well established network of lenders, complimented by our exclusive stable of private investors, we can secure flexible, bespoke and creative bridging loans, as quickly and cheaply as possible. Adverse credit history and discharged bankruptcy do not factor into the final decision, but may have some bearing on the pricing of the loan.
With an increase in demand for a diversified and flexible financial solution, due to the tightening lending criteria implemented by banks, our specialist broker service can ensure your project is funded, even when the banks say no.
Bridging Loan Case Studies
A business owner required £900,000 to take advantage of a timely business opportunity. The capital funds were required asap, so the entrepreneur could close the deal. Our client owned an investment property in a prime part of Central London valued at £2.5m, with an existing mortgage of £500,000. Due to issues with his credit file in 2011 in the economic crunch, he was unable to secure mainstream buy to let funding to release the capital he required. A second charge loan was arranged for 65% LTV, including interest and fees. The client was then able to secure funding for the new business venture; with the new business able to secure refinance to take out the original second charge bridging loan.
A developer approached us to discuss a residential refurbishment property valued at £550,000. The client was unable to secure a mortgage, due to the property requiring significant work for it to become habitable, and therefore unable to attract a mainstream mortgage. Within a two week period, we provided a 70% LTV facility for 4 months, with the interest and majority of fee payments rolled up into the loan. This allowed the client to purchase the property and carry out the works; and in doing so, increasing the value of the completed project. The developer then exited the bridging loan facility by refinancing the property on a normal commercial buy to let mortgage.
The client wanted to purchase a mixed use property for £1.2m, comprising ground floor shop frontage, and a tired collection of residential units, that had fallen into disrepair. The borrower was unable to get mainstream finance to complete the purchase or conduct the refurbishment works. Through a first charge 65% LTV bridging finance facility with us, the developer was able to complete the purchase, and convert the project into 9 individual apartments over a 6 month term.
Bridging Loans In Scotland
Scottish bridging loans can be used for both commercial and residential properties. Whether renovating, purchasing, constructing or converting a property, our multiplicity of lenders can provide an efficient alternative to traditional bank loans.
In most circumstances, bridging loans will be available in 2-3 weeks. Lending criteria is based on buyer profile and the individual project requirements, with some loan types 100% available when additional security is implemented.
Apply for bridging loans in Scotland with Tiger Bridging today.
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The first stage is a call or an online application using the form below.
Call us: 0207 965 7261 Email: email@example.com