Hot off the press, today a Primary Bridging Lender increased the maximum Loan to Value available for their Open Bridging Loans to 75% of Open Market Value for Investment Property.
The Finance is available up to 100% of purchase price.
Typical Terms:
1) 1.65% per month
2) 1.5% arrangement fee
3) No Exit Charges
4) £700 Legal Charges.
This is good news as Bridging Finance is often regarding as the pillar to the property market. Other Primary Bridging Lenders will undoubtedly follow suit with their Bridging Loan criteria, enabling more Investors to actively purchase with the availability of these additional funds.
www.benrandall.co.uk
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