At Bridging Finance London, we take pride in our thorough understanding of Cheshire’s distinctive property scene.
From the upscale Golden Triangle to the thriving commercial hubs of Chester and Warrington, we’ve assisted numerous clients in obtaining the short-term funding needed to capitalise on property opportunities across the county.
Bridging loans are short-term financing solutions designed to cover the temporary gap between a property purchase and a longer-term funding arrangement. These adaptable loans serve various purposes, such as buying property at auction, funding renovations, or preventing a property chain from falling through.
Our unique selling point is our capacity to offer loans up to 80% LTV, and in certain cases, even up to 90%.
This high loan-to-value ratio is particularly advantageous in Cheshire’s competitive property market, where swift action can be crucial. Our extensive network of over 250 lenders, including private banks and wealthy individuals, enables us to secure optimal terms for your specific circumstances.
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
Residential Bridging Loans: These are suitable for homeowners or investors looking to acquire residential property in Cheshire’s desirable areas. They can help secure a dream home in Alderley Edge or quickly purchase a buy-to-let opportunity in Chester before arranging long-term financing.
Commercial Bridging Loans: Given Cheshire’s robust business sector, particularly in areas like Warrington’s Birchwood Park, commercial bridging loans can assist in swiftly acquiring office space, retail units, or industrial properties. These loans prove vital when time-sensitive commercial opportunities arise.
Auction Finance: Cheshire’s property auctions often feature unique properties, from period homes to development sites. Our auction finance helps meet the strict completion deadlines typically associated with auction purchases, ensuring you don’t miss out on potentially profitable opportunities.
Development Exit Loans: For Cheshire-based property developers, these loans offer a financial solution. They allow refinancing of nearly completed developments, providing more time to achieve optimal sales prices or transition to long-term funding solutions.
Cheshire Property Market Overview
Cheshire boasts a diverse and resilient property market, blending rural charm with urban sophistication. The county has experienced steady growth, with average house prices rising by 5.8% over the past year, outperforming many other UK regions.
The ‘Golden Triangle’ of Wilmslow, Alderley Edge, and Prestbury remains a hotspot for high-value properties, attracting both domestic and international buyers. Meanwhile, Chester’s historic city centre and Warrington’s ongoing regeneration projects are fuelling demand in these areas.
Recent developments, such as the £80 million Northgate Development in Chester, are set to further enhance the local property market. This mixed-use scheme, featuring a new market hall, cinema, and public square, is expected to boost footfall and property values in the surrounding area.
How Bridging Loans Work
Bridging loans in Cheshire serve as short-term financing solutions, typically lasting from a few weeks to 18 months. They can be used for any property-related purpose, from acquiring a new home before your current one sells, to purchasing a commercial property that requires quick completion.
The loan amount is primarily based on the property’s value, with our offerings ranging from £150,000 to several million pounds. We can provide up to 80% LTV, and in some instances, even 90%, depending on the specific circumstances and the strength of your exit strategy.
Exit strategies are essential for bridging finance.
Common approaches in Cheshire include selling the property, perhaps after renovation to increase its value, or refinancing to a long-term mortgage. For commercial properties, the exit might involve securing a tenant and then refinancing based on the rental income.
Benefits of Using Our Services
Extensive Lender Network: Our relationships with over 250 lenders allow us to secure competitive rates and terms tailored to Cheshire’s property market.
High LTV Options: We can offer up to 80% LTV, and sometimes 90%, giving you more financial flexibility in Cheshire’s diverse property landscape.
Speed and Efficiency: We understand the fast-paced nature of Cheshire’s property market. Our streamlined process means we can often secure funding in as little as 7-10 days.
Local Market Expertise: Our in-depth knowledge of Cheshire’s property market, from the luxurious homes of Prestbury to the commercial opportunities in Crewe, allows us to provide tailored advice and solutions.
Case Study
Recently, we assisted a client in securing a prime commercial property in Warrington’s thriving business district. The seller required a quick sale, and traditional mortgage processes would have been too slow. We arranged a £1.2 million bridging loan at 60% LTV within eight days, allowing our client to complete the purchase promptly.
The client then secured a high-profile tenant for the property, which enabled them to refinance onto a competitive commercial mortgage three months later. This quick action not only secured a valuable asset but also resulted in a significant increase in the property’s value due to the secured tenancy.
This case demonstrates how our bridging loans can help Cheshire-based investors and businesses seize time-sensitive opportunities in this dynamic property market.
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.
