Residential

Bridging Loans

Our residential bridging loans range is designed for purchases, refurbishments, or refinances of residential properties.
Whether the finance is required for buying at auction, funding structural works and ground-up developments or simply just refinancing for cash-flow purposes, West One's unique approach to risk and credit allows flexibility for borrowers.
From the straightforward to the complex, we treat each case individually and tailor a solution to suit the client.

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To talk to us about what we can do for you and your client or simply learn more about what West One has to offer, get in touch today.

Our Product Range

Regulated bridging loan secured against borrower's main residence.

Max LTV:	70%
Rates:	from 0.65%
Max charge type:	2nd
Location:	England, Scotland (mainland only), Wales
Term:	12 months
Interest type:	Retained

Client's / immediate family primary place of residence.
Evidenced exit strategy from Day 1.
Minimum age – 18
Minimum loan size - £75k
Minimum term – 1 month
Scotland – mainland only

Contact one of our experts now for more information on our range of bridging loans.

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For use when purchasing a fully residential property at auction

Max LTV:	70%
Rates:	from 0.60%
Max charge type:	1st
Location:	England, Scotland (mainland only) Wales
Term:	12 months
Interest type:	Retained or serviced

Proof of funds / evidence of deposit required.
No intention to be used as primary residence at all by the borrower / immediate family.
HMOs up to 6 beds.
Minimum age – 18
Minimum loan size - £75k
Minimum term – 1 month
Scotland – mainland only
Serviced interest subject to strict affordability assessment

Contact one of our experts now for more information on our range of bridging loans.

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Purchases of residential investment property, where any works required are funded by the borrower.

Max LTV:	70%
Rates:	from 0.60%
Max charge type:	1st
Location:	England, Scotland, Wales
Term:	12 months
Interest type:	Retained or serviced

Proof of funds / evidence of deposit required.
No intention to be used as primary residence at all by the borrower / immediate family.
Minimum age – 18
Minimum loan size - £75k
Minimum term – 1 month
Scotland – mainland only
Serviced interest subject to strict affordability assessment

Contact one of our experts now for more information on our range of bridging loans.

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Funding structural works and ground-up developments. Purchasing a property with a view to converting

Features

Max LTV:	70% (Day 1 LTV) 65% (LTGDV)
Rates:	from 0.8%
Max charge type:	1st
Location:	England, Wales
Term:	18 months
Interest type:	Retained

Criteria

Drawdowns available subject to approval by Monitoring Surveyor.
Cannot be principle primary residence.
100% build costs funded, in arrears.
Experience of similar projects preferable, but not essential.
Minimum profit margin of 20%

Features

Max LTV:	70% (Day 1 LTV) 65% (LTGDV)
Rates:	from 0.70%
Max charge type:	1st
Location:	England, Scotland, Wales
Term:	18 months
Interest type:	Retained

Criteria

No experience required.
Typically no MS , but inspections prior to further drawdowns required.
Can lend up to 100% of works, in arrears.
All appropriate licenses / permissions required.
Works to not exceed 15% of GDV.
Minimum age – 18
Minimum loan size - £75k
Minimum term – 1 month
Scotland – mainland only

Features

Max LTV:	70% (Day 1 LTV) 65% (LTGDV)
Rates:	from 0.65%
Max charge type:	2nd
Location:	England, Scotland, Wales
Term:	12 months
Interest type:	Retained

Criteria

Works requiring planning permission or approval not allowed.
Typically no MS , but inspections prior to further drawdowns required.
Minimum age – 18
Minimum loan size - £75k
Minimum term – 1 month
Scotland – mainland only

Contact one of our experts now for more information on our range of bridging loans.

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Funding to bridge the gap between completion of the development and sales being achieved.

Max LTV:	70%
Rates:	from 0.60%
Max charge type:	1st
Location:	England, Wales
Term:	18 months
Interest type:	Retained

Practical Completion to have been achieved is preferable.
Inspection reports from Build Control and Warranty provider to be provided.
Sales proceeds can be distributed, subject to LTV / credit committee approval. - Minimum age – 18
Minimum loan size - £75k
Minimum term – 1 month
Scotland – mainland only

Contact one of our experts now for more information on our range of bridging loans.

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Fund a lease extension. Raise cash flow for business purposes. Refinance existing charges secured on an asset.

Max LTV:	65% (1st charge) 60% (2nd charge)
Rates:	from 0.75%
Max charge type:	2nd
Location:	England, Scotland, Wales
Term:	18 months
Interest type:	Retained or serviced

Where funds required for a lease extension, extension to happen simultaneous with drawdown of funds.
Refinancing existing bridging loans by referral only.
Minimum age – 18
Minimum loan size - £75k
Minimum term – 1 month
Scotland – mainland only
Serviced interest subject to strict affordability assessment

Contact one of our experts now for more information on our range of bridging loans.

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