We offer specialist bridging loan expertise to clients in Leeds and nearby areas. Our team understands the distinct characteristics of the Leeds property market and provides customised financial solutions to suit your needs.
Bridging loans are short-term financing options that ‘bridge’ the gap between a property purchase and long-term funding.
They’re suitable for various purposes, from buying property at auction to funding business expansion. We offer loans up to 80% loan-to-value (LTV), and in some cases, we may extend to 90% LTV for the right client and property.
Leeds, with its strong economy and dynamic property market, presents excellent opportunities for investors and developers.
The city’s ongoing regeneration projects and high rental demand make it an appealing location for property investment, and our bridging loans can help you act on these opportunities promptly.
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 Leeds
Residential Bridging Loans: These suit homeowners or investors looking to purchase residential properties in sought-after Leeds areas like Roundhay or Chapel Allerton. They can help break property chains or secure a property before selling your current home.
Commercial Bridging Loans: These are well-suited for businesses aiming to acquire or refinance commercial properties in Leeds’ city centre or business parks. They can help you obtain prime retail spaces or office buildings without lengthy traditional mortgage processes.
Auction Finance: Leeds property auctions often feature attractive investment opportunities. Our auction finance helps you secure funds quickly to meet the tight deadlines typical of auction purchases.
Development Bridging Loans: These loans provide necessary capital for property developers working on projects in emerging areas like Holbeck Urban Village, allowing you to start or complete development projects efficiently.
Leeds Property Market Overview
Leeds’ property market has shown impressive resilience and growth recently.
As of April 2024, the average house price in Leeds was £247,353, a 5.2% increase from the previous year. The city’s robust economy, driven by sectors such as financial services, digital technology, and healthcare, continues to attract investment and fuel property demand.
The rental market in Leeds is particularly strong, with an average rental yield of 5.4% across the city. Areas like the city centre, Headingley, and Rounday are especially popular among young professionals and students, offering attractive prospects for buy-to-let investors.
How Bridging Loans Work
Bridging loans work on a short-term basis, typically spanning a few weeks to 18 months. They can be used for any legal purpose, offering flexibility for various property and business needs.
The application process is quick, often with funds available within 5-14 days.
Loan amounts range from £100,000 to several million pounds, depending on the property value and your circumstances. We can offer up to 80% LTV on most properties in Leeds, and potentially up to 90% in exceptional cases.
When applying for a bridging loan, you’ll need to outline your exit strategy – typically either selling the property or refinancing to a long-term mortgage.
We can secure loans against various property types in Leeds, from residential homes to commercial buildings and even land with planning permission.
Benefits of Using Bridging Finance London
Knowledge of the Leeds Market: Our team has extensive experience with Leeds’ property market, enabling us to offer tailored advice and solutions.
Swift Process: We recognise the importance of speed in property transactions. Our efficient process ensures you can access funds quickly in Leeds’ competitive market.
Adaptable Lending Criteria: We collaborate with over 200 lenders, allowing us to find solutions for complex cases that high street banks might decline.
Competitive Rates: Our strong lender relationships enable us to secure favourable terms for our clients, enhancing your investment potential in Leeds.
Individualised Service: We provide a dedicated point of contact throughout your loan journey, ensuring clear communication and a smooth process.
Case Study
Recently, we assisted a client in acquiring a prime commercial property in Leeds city centre.
The client, a local business owner, needed to act swiftly to secure the property but was awaiting the sale of their existing premises.
We arranged a £750,000 bridging loan at 60% LTV, allowing the client to purchase the new property within two weeks.
The loan term was set for 9 months, providing ample time to complete the sale of their existing property and refinance to a commercial mortgage.
The quick funding enabled the client to expand their business into a more prominent location, significantly boosting their visibility and customer base. This case illustrates how our bridging loans can help Leeds businesses capitalise on growth opportunities without being constrained by traditional financing timelines.
By providing fast, flexible bridging loans tailored to the specific needs of the Leeds property market, Bridging Finance London can help you achieve your property investment and business growth objectives.
Contact us today to discuss how we can support your next project in Leeds.
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.
