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.

Let us help you get started

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, 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. 

Talk to Us

For use when purchasing a fully residential property at auction

Max LTV:

74.5%

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

  • Minimum age – 18

  • Minimum loan size - £75k

  • Minimum term – 1 month

  • Scotland – mainland only

  • Serviced interest subject to a strict affordability assessment
Contact one of our experts now for more information on our range of bridging loans. 

Talk to Us

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

Max LTV:

74.5%

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. 

Talk to Us

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 0.80%

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 Monitoring Surveyor, but inspections prior to further drawdowns required.

  • 100% build costs funded, 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. 

Talk to Us

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, Scotland, Wales

Term:

12 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. 

Talk to Us

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. 

Talk to Us

Become an Introducer

Introduce business to West One

If you would like to discuss a case, register as an introducer or learn more about what West One has to offer, simply complete the short enquiry form below and a member of our broker support team will get in touch. 
become-introducer-4

Meet our Bridging Finance Team

Sales, business development & operations.

Nicholas Jones

Sales Director, Bridging

nicholas.jones@westoneloans.co.uk +44 (0)333 1234 556

Michael Grant

Head of Sales, Bridging & Development Finance

michael@westoneloans.co.uk +44 (0)7415 117 683

Mark Hedley

Business Development Manager

mark.hedley@westoneloans.co.uk +44 (0)7825 322 425

Matthew Watson

Business Development Manager

matthew.watson@westoneloans.co.uk +44 (0)7584165082

Laura Toke

Business Development Manager

laura.toke@westoneloans.co.uk +44 (0)7827361099

West One Loans 2020 | Part of Enra Specialist Finance

West One is a trading name of the underlying firms, who are registered in England and Wales and have their registered office address at 3rd floor Premiere House, Elstree Way, Borehamwood, Hertfordshire. WD6 1JH


West One Loan Ltd is authorised and regulated by the Financial Conduct Authority (firm reference number 510024), their company registration number is 05385677.

West One Secured Loans Ltd is authorised and regulated by the Financial Conduct Authority (firm reference number 776026), their company registration number is 09425230.

West One Development Finance Ltd is not authorised by the Financial Conduct Authority, their company registration number is 11242570

Aura Finance Ltd is authorised and regulated by the Financial Conduct Authority (firm reference number 709675), their company registration number is 08326315


All the above firms are registered with the Information Commissioner Office and can be searched using ICO