Marylebone, known for its blend of historic charm and contemporary luxury, offers unique property investment prospects. At Bridging Finance London, we’ve honed our expertise to match the distinctive needs of this prestigious area.
Bridging loans offer short-term financing to cover the gap between a property purchase and long-term funding arrangements. In Marylebone’s competitive market, where prime properties often attract multiple bidders, these loans can give you the edge you need.
We take pride in our adaptable approach, offering loans up to 80% LTV and, in select cases, even up to 90%. This high level of funding can be essential in Marylebone, where property values often reach seven or eight figures.
Marylebone’s property landscape is a tapestry of exclusivity and high-end offerings. From the distinguished Georgian terraces near Harley Street to the sleek apartments bordering Regent’s Park, the area draws a discerning clientele. Our bridging loans are crafted to meet the unique demands of this market.
This area includes localities such as St John’s Wood, Lisson Grove and East Marylebone.
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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 Marylebone
We offer a variety of bridging loan options in Marylebone:
1. Residential Bridging Loans: Ideal for homebuyers needing to move quickly, perhaps to break a chain or secure a rare find in this sought-after area.
2. Buy-to-Let Bridging Loans: Perfect for investors looking to capitalise on Marylebone’s robust rental market, particularly popular with professionals working in nearby central London.
3. Commercial Bridging Loans: Suitable for those investing in Marylebone’s thriving business district, such as acquiring retail space on bustling Marylebone High Street or office premises in the esteemed Harley Street area.
4. Refurbishment Bridging Loans: Useful for investors or homeowners looking to renovate Marylebone’s period properties, enhancing value while preserving historic features.
5. Auction Finance: Rapid turnaround loans for those bidding on Marylebone properties at auction, where completion times are often tight.
Each loan type can be tailored to suit the specific needs of Marylebone’s property market, whether you’re considering a multi-million pound mansion or a chic pied-à-terre.
Marylebone Property Market Overview
Marylebone’s property market is characterised by its premium offerings and steady growth. As of 2024, the average property price in Marylebone stands at approximately £1.5 million, significantly above the London average.
The area has seen consistent appreciation, with prices rising by about 5% annually over the past decade. This steady growth makes Marylebone an attractive prospect for both homeowners and investors.
Recent developments include the ongoing transformation of the former Royal Mail sorting office on Rathbone Place into a mixed-use scheme, adding new residential and commercial spaces.
Additionally, the Baker Street Two Way project has improved traffic flow and created a more pedestrian-friendly environment, potentially boosting property values along this iconic street.
How Bridging Loans Work in Marylebone
Securing bridging finance in London typically follows these steps:
1. Initial Consultation: We discuss your specific needs and the property you’re interested in.
2. Loan Proposal: We provide a bespoke loan offer based on your circumstances and the property’s value.
3. Valuation: An independent surveyor assesses the Marylebone property.
4. Legal Work: Between your solicitor and the lenders.
5. Loan Approval and Funds Release: Once everything is in order, we approve the loan and release the funds.
In Marylebone, where property transactions can be complex due to the high-value nature of the market, we aim to complete this process within 7-14 days. Loan amounts in this area typically range from £500,000 to £10 million, reflecting the premium nature of Marylebone real estate.
Benefits of Using Bridging Finance London
Choosing Bridging Finance London for your Marylebone property transaction offers several advantages:
1. Local Insight: Our team possesses deep knowledge of Marylebone’s property market, enabling us to offer tailored advice and solutions.
2. Rapid Response: We understand the fast-paced nature of the London property scene and can provide quick decisions and fund releases.
3. Adaptability: Our loans can be structured to suit the unique aspects of Marylebone properties, whether it’s a listed building requiring renovation or a new-build apartment.
4. High LTV Options: Our ability to offer up to 90% LTV in some cases can be crucial in Marylebone’s high-value market.
5. Extensive Lender Network: With access to over 200 lenders, we can source the most competitive rates for all properties.
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.
