Liverpool, with its rich maritime heritage and thriving cultural scene, offers a unique landscape for property investors and developers. At Bridging Finance London, we specialise in Liverpool’s property market nuances, providing tailored bridging loan solutions to help you capitalise on opportunities in this dynamic city.
Bridging loans are short-term financing options designed to cover the gap between a property purchase and long-term funding. These flexible loans serve various purposes, from acquiring auction properties in Liverpool’s competitive market to financing quick purchases of commercial spaces in the flourishing Baltic Triangle.
We offer competitive rates and high loan-to-value (LTV) ratios, with bridging loans available for up to 80% LTV, and in specific cases, up to 90% LTV. This high LTV offering gives you a significant advantage in Liverpool’s finance market, maximising your investment potential.
Liverpool’s property scene is as diverse as its cultural tapestry. From the elegant Georgian terraces in the Georgian Quarter to modern apartments emerging around Liverpool Waters, each area presents distinct opportunities. Our expertise ensures we can provide a bridging loan solution that aligns perfectly with your specific needs and local market conditions.
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Finance tailored specifically to meet your needs.
Types of Bridging Loans Available in Liverpool
We offer a range of bridging loan options to cater to various needs in Liverpool:
Residential Bridging Loans: These loans help homebuyers secure their ideal property in Liverpool’s competitive market, enabling quick moves on desirable homes in sought-after areas like Allerton or Woolton.
Commercial Bridging Loans: Tailored for investors interested in Liverpool’s thriving business districts, these loans facilitate swift action on retail spaces in Liverpool ONE or office buildings in the Commercial District.
Auction Finance: Liverpool’s property auctions offer exciting prospects for astute investors. Our auction finance ensures you can complete your purchase within the tight deadlines typically associated with auction properties.
Development Bridging Loans: With Liverpool’s ongoing regeneration, development opportunities are plentiful. These loans can finance the initial stages of your project, whether it’s a residential conversion in the Baltic Triangle or a new build in Everton.
Open Bridging Loans: These flexible loans don’t have a fixed repayment date, offering freedom to secure your Liverpool property while finalising long-term financing or sale plans.
Closed Bridging Loans: With a fixed repayment date, these loans suit scenarios with a clear exit strategy, such as the sale of another property or a confirmed long-term mortgage.
Liverpool Property Market Overview
Liverpool’s property market has demonstrated impressive resilience and growth recently. The city’s ongoing regeneration projects, including the £5 billion Liverpool Waters scheme, continue to attract both domestic and international investors.
As of March 2024, the average house price in Liverpool stood at £192,452, representing a 5.2% increase from the previous year. This growth outpaces many other UK cities, enhancing Liverpool’s appeal to property investors.
Liverpool’s rental market is particularly robust, driven by its large student population and young professional demographic. The city boasts some of the highest rental yields in the UK, with certain areas achieving yields of up to 10%.
The commercial property sector in Liverpool is also flourishing. The Baltic Triangle, often referred to as Liverpool’s digital and creative quarter, has seen substantial development and investment. Office spaces in this area are highly sought after, with rental values increasing year-on-year.
Notable recent developments include the £1 billion Paddington Village in the Knowledge Quarter, set to become a world-leading hub for life sciences, healthcare, and technology.
How Bridging Loans Work in Liverpool
Bridging loans in Liverpool operate on a short-term basis, spanning from a few weeks to 18 months. They provide quick access to funds, often within days, which is essential in Liverpool’s fast-moving property market.
These loans can serve any property-related purpose. You might use a bridging loan to quickly secure an off-plan property in Liverpool’s expanding waterfront developments, or to finance a commercial property purchase in the city centre while arranging long-term funding.
The loan amount primarily depends on the property’s value rather than your income. In Liverpool, we offer loans up to 80% LTV, and in some instances, even up to 90% LTV. This high LTV offering is particularly advantageous in Liverpool’s rising market, allowing you to maximise your investment potential.
When applying for a bridging loan in Liverpool, you’ll need to outline your exit strategy – your plan to repay the loan. This could involve selling the property, perhaps after renovation, or refinancing to a long-term mortgage. Given Liverpool’s strong rental market, many investors choose to refinance onto buy-to-let mortgages.
It’s worth noting that while we arrange the bridging finance, we don’t handle the legal work or conveyancing. You’ll need to appoint your own solicitor for these aspects of the property transaction.
Benefits of Using Our Services
Choosing Bridging Finance London for your Liverpool bridging loan offers several key advantages:
Extensive Lender Network: We have connections with over 200 lenders, including private banks and individual lenders. This vast network allows us to source the most competitive rates and terms for your Liverpool property venture.
Local Market Expertise: Our team possesses in-depth knowledge of Liverpool’s property market. We understand the nuances of different areas, from the city centre to suburbs like Mossley Hill and Childwall, ensuring our advice is tailored to your specific investment location.
High LTV Options: Our ability to offer up to 90% LTV in certain circumstances distinguishes us in Liverpool’s finance market. This high LTV can be particularly beneficial when investing in areas with high growth potential, such as the Baltic Triangle or Liverpool Waters.
Speed and Efficiency: We recognise that in Liverpool’s dynamic property market, timing is often critical. Our streamlined processes ensure you can access funds quickly, often within days of application.
Personalised Service: We take time to understand your unique circumstances and investment goals. Whether you’re a local Liverpool investor or an international buyer attracted by the city’s potential, we’ll craft a bridging loan solution that meets your specific needs.
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.
