North London’s diverse property landscape and thriving market offer unique prospects for investors and homeowners.
We excel in providing flexible bridging loans customised for North London’s property market. Whether you’re aiming to acquire a property in desirable areas like Hampstead or capitalise on development opportunities in emerging neighbourhoods like Tottenham, our bridging loans can supply the rapid capital you require.
Bridging loans are short-term financing solutions designed to fill the gap between a property purchase and long-term funding arrangements. These loans are particularly useful in North London’s fast-paced property market, where swift action can be crucial.
We offer loans up to 80% LTV (Loan-to-Value) and can extend to 90% in specific cases, providing you with the financial leverage to realise your property aspirations.
North London’s property market is characterised by its variety, spanning from Victorian terraces in Highgate to contemporary apartments in Finsbury Park. This diversity, coupled with excellent transport links and ongoing regeneration projects, makes it a prime location for property investment and development.
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 North London
We provide various bridging loan options to cater to different needs in North London:
Residential Bridging Loans: Suitable for homeowners looking to prevent a property chain break or renovate a property before sale or refinancing.
Commercial Bridging Loans: Designed for businesses aiming to acquire new premises or fund expansions in North London’s bustling commercial areas.
Development Bridging Loans: Crafted for property developers working on projects across London, from minor renovations to larger new-build developments.
Auction Finance: Rapid loans to help secure properties at auction, a common method of property acquisition in North London.
Second charge loans: Where you need to raise capital on a mortgaged property you already own. A Second Charge Bridging Loan can be used to access the equity, up to 70% LTV.
Each loan type can be adapted to meet the specific requirements of North London’s varied property landscape.
North London Property Market Overview
North London’s property market continues to demonstrate resilience and growth potential. Recent Land Registry data indicates that average property prices in popular North London boroughs like Camden and Islington have seen steady increases over the past year.
The area is also benefiting from significant improvement projects. For instance, the Meridian Water development in Enfield is set to create thousands of new homes and jobs, potentially enhancing property values in surrounding areas.
How Bridging Loans Work in North London
Obtaining a bridging loan in North London typically involves these steps:
Initial Consultation: We discuss your specific needs and the details of your North London property project.
Loan Proposal: We provide a customised loan proposal, outlining terms and conditions.
Property Valuation: A professional assessment of the North London property is conducted.
Loan Completion: Funds are typically released within 3-10 days, sometimes even faster for urgent cases.
Loan amounts in North London can range from £150,000 to several million pounds, depending on the property value and your circumstances.
Benefits of Using Us
Local Expertise: Our deep understanding of North London’s property market enables us to offer tailored solutions.
Speed: We often provide funding much faster than traditional lenders, essential in North London’s competitive market.
Flexibility: Our loans can be structured to suit your specific project needs, whether you’re buying in Crouch End or developing in Wood Green. We can even arrange for loans to be secured against multiple properties, using a cross charge lending facility.
High LTV: With loans up to 90% LTV in some cases, we can help you maximise your investment potential.
Extensive Lender Network: Access to over 250 lenders means we can find the best rates and terms for your North London project.
Case Study: Successful Development in Finsbury Park
We recently assisted a client in securing a £750,000 bridging loan for a property development project in Finsbury Park.
The client needed to act quickly to secure a former commercial property for conversion into residential flats. Our rapid turnaround time and flexible terms allowed the client to complete the purchase within 10 days and begin the development process immediately. The project is now nearing completion, with the flats expected to sell at a significant profit.
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.
