Bridging Finance London brings exceptional expertise to Halifax and the surrounding West Yorkshire area.
Our team of specialists understands the unique challenges and opportunities in the local property market, offering customised bridging loan solutions to meet your specific needs.
Bridging loans function as short-term financing options, filling the gap between a property purchase and long-term funding arrangements. These versatile loans can help you secure a new home before selling your current property, swiftly acquire investment opportunities, or provide working capital for your business.
At Bridging Finance London, we offer loans up to 80% loan-to-value (LTV), with the possibility of up to 90% LTV in certain circumstances. This flexibility allows us to address a wide range of financial requirements in Halifax’s active market.
Whether you’re considering a period property in the town centre or a commercial opportunity in Dean Clough, our bridging loans can provide the quick capital you need to progress.
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 Halifax
Residential Bridging Loans: These bridge loans suit homeowners looking to move quickly or prevent a property chain breakdown in Halifax. They can help you acquire your ideal home in sought-after areas like Savile Park or Skircoat Green while your current property is on the market.
Commercial Bridging Loans: Business owners and investors in Halifax can access swift capital through commercial bridging loans. These loans facilitate the acquisition of retail spaces in the Woolshops Shopping Centre or office buildings in the town centre, allowing you to act on local business prospects.
Buy-to-Let Bridging Loans: Halifax’s robust rental market makes buy-to-let investments appealing. Our bridging loans enable you to promptly secure properties in high-demand areas like Sowerby Bridge or Hebden Bridge, supporting efficient portfolio expansion.
Auction Finance: Halifax’s property auctions present enticing opportunities. Our auction finance ensures you can finalise purchases within the 28-day timeframe, allowing you to compete effectively in the local auction market.
Halifax Property Market Overview
Halifax’s property market has demonstrated strength and growth in recent years. The town’s rich industrial heritage, coupled with ongoing regeneration projects, has created a diverse and attractive property landscape.
As of April 2023, the average house price in Halifax stands at £184,454, representing a 5.2% increase over the past year. This growth reflects the town’s rising appeal to both homeowners and investors.
Halifax’s commercial property sector is also flourishing, with developments like the transformation of Dean Clough Mills into a mixed-use complex driving demand for flexible financing solutions.
How Bridging Loans Work in Halifax
Bridging loans provide short-term financing, typically spanning from a few weeks to 18 months. These loans can be used for any legal purpose, offering flexibility to address various financial needs in the local market.
The application process is quick, often with decisions made within 24-48 hours. Funds can be released in as little as 3-10 days, enabling you to act swiftly on property opportunities in Halifax’s competitive market.
Loan amounts range from £100,000 to several million pounds, depending on the property value and your circumstances. We offer up to 80% LTV, with the possibility of 90% LTV in some cases, subject to additional security.
Bridging loans can be secured against various property types in Halifax, including residential homes, commercial buildings, and land. We consider a range of exit strategies, such as property sale, refinancing to a traditional mortgage, or business cash flow.
Benefits of Using Us
Halifax Market Insight: Our team possesses comprehensive knowledge of Halifax’s property landscape, ensuring we provide tailored advice and solutions.
Rapid Response: We recognise the fast-paced nature of Halifax’s property market. Our streamlined processes allow for quick decisions and swift fund deployment.
Extensive Lender Network: With over 200 lenders in our network, including private banks and individual lenders, we can source competitive rates and terms not available on the high street.
Bespoke Service: We take time to understand your unique situation, offering customised solutions that align with your financial goals and local market conditions.
Case Study
A Halifax-based property investor approached us needing to quickly secure a commercial property in the town centre. The client had identified a prime retail unit but faced strong competition from other buyers.
We arranged a £450,000 bridging loan at 75% LTV within 5 days, allowing our client to complete the purchase promptly. The 9-month loan term provided sufficient time for the client to secure long-term financing, ultimately leading to a successful refinance onto a commercial mortgage.
This case illustrates our ability to provide swift, flexible financing solutions in Halifax’s competitive property market, enabling our clients to seize valuable 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.
