Chelmsford, the bustling county town of Essex, has experienced significant growth in its property market recently.
As seasoned brokers, Bridging Finance London excels in arranging adaptable bridging loans for property investors, developers, and businesses in Chelmsford and nearby areas.
Bridging loans provide short-term financing to ‘bridge’ the gap between a property purchase and long-term funding. These versatile loans suit various needs, from securing auction properties to resolving chain-break situations.
We provide loans up to 80% loan-to-value (LTV), with potential for up to 90% LTV in specific cases, enabling you to maximise your investment potential in Chelmsford’s competitive market.
The city’s prime location, superior transport links to London, and ongoing development projects make Chelmsford a sought-after destination for property investment. Our expert team understands local market dynamics, ensuring we offer bridging loan solutions that suit your specific requirements and Chelmsford’s unique opportunities.
Expert finance advice
tailored to you
Quality service
Fast, friendly and professional service.
Lender Choice
Over 250 Banks, Hedge Funds, Family Offices & more.
Experience
Over 15 years of specialist finance broking.
Bespoke Lending
Finance tailored specifically to meet your needs.
Types of Bridging Loans
Residential Bridging Loans: Perfect for homeowners or investors aiming to swiftly purchase residential properties in Chelmsford. Use these loans to secure a new home before selling an existing property, avoiding chain breaks and capitalising on opportunities in Chelmsford’s active housing market.
Commercial Bridging Loans: Businesses and investors interested in Chelmsford’s expanding commercial sector can access quick funds for acquiring or refinancing commercial properties. These loans are particularly useful for time-sensitive opportunities in Chelmsford’s business areas.
Auction Finance: Chelmsford’s property auctions often yield profitable investment prospects. Our auction finance options allow you to act quickly, meeting the strict deadlines typically associated with auction purchases in the city.
Chelmsford Property Market Overview
Chelmsford’s property market has demonstrated impressive strength and expansion in recent years.
The city’s position as Essex’s county town, coupled with its excellent transport connections to London, has established it as a prime location for both residential and commercial property investment.
Current data shows that average house prices in Chelmsford have increased by about 5% over the past year, surpassing many other areas in the South East. The city centre has garnered particular interest, with newly built apartments and converted office spaces attracting young professionals and investors.
Chelmsford’s commercial property sector has also seen notable growth.
The ongoing revitalisation of the city centre, including the expansion of the Meadows Shopping Centre and the development of the Chelmsford Business Park, has created fresh opportunities for commercial property investors.
How Bridging Loans Work in Chelmsford
Bridging loans function as short-term financing options, typically spanning from a few weeks to 18 months.
These loans are secured against property and can be arranged rapidly, often within days, making them ideal for time-sensitive property transactions in Chelmsford’s competitive market.
When applying for a bridging loan through Bridging Finance London, we evaluate your application based on the property’s value used as security and your exit strategy. In Chelmsford, common exit strategies include property sale, refinancing to a long-term mortgage, or completion of a development project.
We offer bridging loans with loan-to-value ratios of up to 80%, and in certain instances, up to 90%. This means you could potentially borrow up to 90% of the property’s value, depending on your circumstances and the specifics of your application.
Bridging loans can be secured against various property types in Chelmsford, including residential homes, commercial buildings, and land with or without planning permission. This flexibility allows us to accommodate a wide range of property investment scenarios in the city.
It’s worth noting that while we arrange the funding, we don’t handle the legal work or conveyancing. You’ll need to appoint your own solicitor to manage these aspects of the transaction.
Benefits of Using Us
Extensive Lender Network: With connections to over 200 lenders, including private banks and individual investors, we secure competitive rates and terms for your Chelmsford bridging loan.
Local Market Insight: Our team possesses deep knowledge of Chelmsford’s property market, enabling us to offer tailored advice and solutions that align with local trends and opportunities.
Swift and Efficient Process: We understand Chelmsford’s fast-moving property market. Our streamlined approach ensures quick access to funds, often within days of application.
Adaptable Lending Criteria: We collaborate with lenders who take a comprehensive view of your application, considering factors beyond credit scores. This approach allows us to find solutions for complex or unusual cases that high street banks might decline.
Bespoke Service: As specialists in high-value finance, we offer a customised service tailored to your specific needs and circumstances in Chelmsford’s property market.
Case Study
Recently, we helped a client secure a commercial property on the outskirts of Chelmsford city centre.
The client, an experienced investor, spotted an opportunity but faced time pressure due to the seller’s urgent completion needs.
We arranged a £525,000 bridging loan within five working days, allowing our client to finalise the purchase promptly. The loan was structured at 50% LTV, with a 12-month term. This quick turnaround not only secured the property for our client but also provided ample time to refurbish the unit and attract a high-quality tenant.
The exit strategy involved refinancing to a long-term commercial mortgage once the property was tenanted. Thanks to the efficient bridging solution, our client acquired a valuable asset in Chelmsford’s thriving commerce sector, showcasing the effectiveness of bridging finance in seizing time-sensitive opportunities.
Need some help?
If you need a short-term bridging loan then a specialist broker is a good place to start. You will get expert help and advice along with a wide range of lenders to choose from.
To speak with a specialist broker, please call us on 020 3488 5706.
