We bring over two decades of financial know-how to East London’s vibrant property scene. We specialise in providing flexible bridging loans tailored to the unique needs of this diverse and rapidly evolving area.
Bridging loans are short-term financing solutions designed to fill the gap between a property purchase and a long-term funding arrangement.
They’re particularly useful in East London’s fast-paced market, where swift decisions can make all the difference. Whether you’re a developer eyeing a commercial property in Canary Wharf or a homeowner looking to secure a fixer-upper in Stratford, we’re here to help.
We offer loans up to 80% loan-to-value (LTV), and in some cases, we can even extend to 90% LTV. This flexibility is especially valuable in East London, where property prices have seen significant growth in recent years.
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 Available in East London
East London’s diverse property landscape calls for a range of bridging loan options:
Residential Bridging Loans: Perfect for homebuyers looking to secure properties in popular areas like Bow or Mile End.
Commercial Bridging Loans: Ideal for investors exploring business opportunities in bustling hubs like Shoreditch or Stratford.
Refurbishment Bridging Loans: Designed for those looking to renovate East London’s characteristic period properties or transform industrial spaces.
Auction Finance: Rapid funding for properties bought at auction, a common occurrence in this part of London.
Land Bridging Loans: For developers aiming to secure plots in emerging areas like Barking Riverside.
East London Property Market Overview
East London’s property market continues to be one of the most dynamic in the capital. The area has undergone significant regeneration over the past decade, driven by projects like the 2012 Olympics and the ongoing development of areas like Stratford and Canary Wharf.
Recent data shows that average property prices in East London have increased by 5.3% over the past year. The borough of Tower Hamlets, which includes areas like Whitechapel and Poplar, has seen particularly strong growth, with an average property price of £531,000.
The area is also experiencing a surge in build-to-rent developments, especially in areas like Stratford and Hackney Wick, reflecting the growing demand for high-quality rental properties in well-connected locations.
How Bridging Loans Work in East London
Securing a bridging loan in London typically follows these steps:
Initial Consultation: We’ll discuss your project and funding requirements.
Property Valuation: A professional assessment of the East London property you’re looking to finance.
Loan Offer: We’ll present you with a competitive loan offer, often within 24 hours of valuation.
Funds Release: Once everything is in order, the funds are released to you.
The process can be completed in as little as 3-10 days, which is essential in East London’s fast-moving property market. Loan amounts can range from £150,000 to several million pounds, depending on the project and property value.
Benefits of Using Us
Local Expertise: Our team has in-depth knowledge of East London’s property market, from the historic streets of Spitalfields to the modern developments in Canary Wharf.
Quick Turnaround: We understand the pace of East London’s property scene and can provide funding rapidly, often within days.
Adaptability: Our loans can be tailored to suit a wide range of projects, from residential purchases to commercial developments.
High LTV Options: With loans available up to 90% LTV in some cases, we can help you maximise your investment potential.
Extensive Lender Network: We have relationships with over 250 lenders, including private banks and individuals, giving you access to the best possible rates and terms.
Case Study: Shoreditch Office Conversion
We recently assisted a client in securing a £1.2 million bridging loan to purchase and convert a former textile factory in Shoreditch into modern office space.
The client needed to act swiftly to secure the property, but their long-term finance wasn’t yet in place.
We arranged a 12-month bridging loan at 75% LTV, allowing the client to purchase the property and begin renovations immediately. The loan was repaid through a commercial mortgage once the conversion was complete and tenants were secured.
The project resulted in a significant increase in the property’s value, providing an excellent return on investment for our client.
FAQs
1. Q: How quickly can I get a bridging loan in East London?
A: We can often provide funding within 3-10 days, ideal for the fast-paced East London market.
2. Q: Do I need planning permission before applying for a bridging loan?
A: Not necessarily. We can provide loans for property purchases while you’re in the process of obtaining planning permission.
3. Q: Can I get a bridging loan for a property in a conservation area like Wapping or parts of Hackney?
A: Yes, we have experience in financing properties in conservation areas. Each case is assessed individually.
4. Q: What’s the maximum LTV for a bridging loan in East London?
A: We typically offer up to 80% LTV, but can go up to 90% in certain circumstances.
5. Q: Can I use a bridging loan to buy a property at auction in East London?
A: Absolutely. Our auction finance is designed to help you move quickly when you secure a property at auction.
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.
