Get the Funds You Need with Bridging Finance: High-Value and Large Loans Now Available from Growing Number of Lenders
Working out whether your aspirations will work has a lot to do with the amount of finance you can get access to...
Bridging finance, which allows borrowers to access large loans using property as collateral, has become more popular in recent years. As a result, a growing number of lenders are now offering high-value and large loans to borrowers. The amount you can borrow will depend on factors such as the property you use as collateral, your repayment plans, and your overall financial position.
Typically, lenders will offer loans with a loan-to-value (LTV) ratio of around 70-75%, though some may offer more or less depending on the specifics of the deal. For example, a borrower with a strong financial background and a well-thought-out plan for using and repaying the loan may be able to borrow more than someone with a weaker financial position.
Some lenders also offer multi-asset lending, which allows borrowers to use multiple properties as collateral for a single loan. For example, a borrower with two properties in their portfolio could use both as collateral to maximize the amount they can borrow.
Overall, the key to securing the best LTV and loan terms possible is to have a solid plan for using and repaying the loan, as well as a strong financial background. By demonstrating to lenders that you are a low-risk borrower, you may be able to borrow more and get better loan terms.
Who Are Willow Private Finance?
Willow Private Finance is a specialist mortgage brokerage that offers professional financial advice and assistance to clients seeking to secure a mortgage or refinance their existing mortgage. The company is dedicated to providing its clients with personalized and tailor-made solutions to meet their specific financial needs and goals.
With a team of highly qualified and experienced mortgage advisors, Willow Private Finance is able to offer expert advice and guidance on a wide range of mortgage products and options, including first-time buyer mortgages, buy-to-let mortgages, Commercial mortgages, Bridging finance, Lombard lending, and Development finance. The company also offers a range of services to help clients navigate the complex and often confusing process of securing a mortgage, including assistance with mortgage application and documentation, as well as ongoing support throughout the mortgage process.
In addition to its mortgage brokerage services, Willow Private Finance also offers a range of other financial services, including protection insurance and equity release.. The company's goal is to provide its clients with a comprehensive and holistic approach to finance and management, helping them to achieve their financial goals and secure their financial future.
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