When to use bridging?
Scenario
- Your customer applies for a mortgage with a high street lender.
- The property receives a nil valuation due to its EPC rating.
- We grant a bridging loan of 75% LTV to support the purchase.
- Improvements to the property could then be made to boost its EPC rating.
- The customer could then exit the bridge with a mortgage from a high street lender
Questions? Contact your Specialist Finance Account Manager or call 0800 116 4385.