Bridging Finance that ... goes back to basics
Speed, flexibility and ability to lend on complex cases

Borrowers

Residential Criteria


Semi - Commercial Criteria


Commercial Criteria


Apply for Loan

3 + 14 =
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High Yields
Borrow from 100K to 3,5 million
Properties located in London selected South East and major cities.
Duration
Funding provided within 2 weeks
We specialise in providing finance swiftly.
Security
Up to 70% LTV
From 0.75% per calendar month.
Risk Mitigation
Terms from 3 to 18 months*
Interest calculated on a daily basis.

Introducers


At London Credit we welcome referrals from our extensive network of valued introducers.

So, if you are a mortgage broker, financial advisor, estate agent, accountant or solicitor you can confidently introduce your clients to us with the knowledge that we are:

  • Fast
  • Flexible
  • Transparent
  • Approachable

 

"Providing your clients with simple, no fuss financing solutions. Providing you with an excellent introducer fee paid immediately on completion of your loan."

Team


Our team is here to help, from enquiry to completion. 

Head of Business Development
Business Development Manager
Business Development Manager
Business Development Manager
Business Development Manager

Media


London Credit completes on £3.675m loan
London Credit is delighted to announce completion on its biggest bridging loan…
30/07/2018Read More »
Meet the team
We are excited to announce the two winners of our prize draw at this year’s…
05/07/2018Read More »
Marios Theophanous
By Marios Theophanous, Credit Manager.   The UK Macro-Economic Outlook The…
12/06/2018Read More »
London Credit team on Bridging Finance day 2018
We are very proud to have co-hosted with NACFB the succesful event Bridging…
01/02/2018Read More »
Bridging set for another boost
By Marios Theophanous, Credit Manager.   Bridging finance continues its rise…
23/01/2018Read More »
NACFB Bridging Finance Day Sponsors
As NACFB Patrons and proud sponsors of the Bridging Finance Day 2018 on the…
16/01/2018Read More »

FAQ


Can I re-finance within 6 months?

You can refinance or remortgage a bridge within 6 months, however many mortgage lenders do not allow their borrowers to remortgage based on an increased purchase price within 6 months of the original date of purchase. This is often referred to as ‘the 6 month rule’.

What are the interest payment options?

Interest can in some cases, subject to the assessment of affordability be serviced - like a normal mortgage.

In most cases the interest for the term of the loan is deducted from the gross loan amount and no monthly payments are due.

We will also consider rolled up interest where the monthly interest amount is added to the principle amount outstanding and compounded.

Can I apply with adverse credit?

Adverse credit can be accommodated. Adverse can include: Mortgage arrears, Missed mortgage payments, Defaults, County Court Judgements, IVAs and Discharged bankrupts

Can I pay the bridge early?

Early Redemption Charges apply during the first three months of the loan - thereafter you are free to repay at any time

Are there any upfront fees?

Other than the valuation fee - no

How long does it take to get bridging finance?

Bridging is faster to arrange than a conventional mortgage. But essentially a bridging loan shares parallel underwriting and legal processes as a mortgage with a charge secured on property. The time it takes to get the money also depends on how quickly you can provide and supply the required documentation needed to proceed. The completion is also dependent on the type of transaction, however you can normally expect to complete the transaction between 10 to 15 days

How long does it take to get a decision in principle?

With enquiries received within normal working hours we can usually get a lending decision in 1-2 hours as an approval in principle and with Indicative Terms sent out (HA)

How much can I borrow?

Borrowing amounts depends on several factors but can range from £100,000 to a maximum of £3 million. The maximum amount you can borrow will depend on the current market value of the property and the loan amount requested (known as LTV or Loan-to-value). Another factor is the type of property being offered for security and the liquidity of asset. Residential investment property generally are much lower on risk and higher LTV will be offered, usually as much as 70% LTV. Commercial buildings and land are deemed higher in risk so the maximum LTV offered will be lower, typically 30% on land or 65% on commercial. All applications are assessed on a case by case basis lending criteria and LTVs offered may vary.

What is bridging finance used for?

Property professionals often use bridging to take advantage of purchase opportunities in acquiring property privately and through auctions. Bridging can be used where traditional mortgage lenders cannot lend against the property, for example if the accommodation is in too poor a condition to be rented out, or there are defects requiring correction before it can be mortgaged. Bridging can also be used for capital raising to pay Tax or VAT, raising finance to purchase assets or to make investments. Other uses of bridging include: avoiding repossession, Debt forgiveness deals, Overseas property purchase, Business cash flow.

What is bridging finance?

Bridging is short-term finance secured against property or land by legal charge. Bridging is designed to release money quickly benefiting from a streamlined underwriting processes with flexible lending criteria, lending on a very wide range of commercial or residential property types including plots, land and unmortgageable property. Loan terms can be between 3 and 12 months although longer terms extending to 18 months are available.

WHAT DOCUMENTS/ INFORMATION MUST I DISCLOSE FOR INVESTING IN BRIDGING?

Physical Person: 

Contact details (telephone or email), certified copy of valid passport, original or certified true copy of utility bill or bank statement showing your permanent residential address (less than 6 months old), details of your profession/occupation including name of your employer or
business organization (if applicable) together with your CV or business card.
Furthermore, you need to provide information as to the origin of the money to be invested (Source of funds i.e. Proceeds from business trade or financial investments or Proceeds of inheritance or Trust Fund or Personal assets e.t.c) and information as to the origin of assets (source of wealth).

Corporate Entity:
In addition to the above documents pertaining to the ultimate beneficial owner(s) of the company, you need to provide us with certified true copies of the latest Financial Statements of the company (if applicable), the M&AA, all corporate or statutory documents or certificates and Certificate of Good Standing (less than 3 months old).
Moreover, you need to provide us with certified true copy of Trust Deed(s) entered by and between the shareholder(s) and the ultimate beneficial owner(s) (if applicable).

WHO IS THE ADMINISTRATOR OF MY MONEY?

London Credit will administer the loans until their full repayment and receipt of all due interest.

WHAT ABOUT CURRENCY RISK EXPOSURE?

We may assist you minimize or eliminate foreign exchange risk by hedging your currency.

IS THIS PRODUCT REGULATED?

Our loans are not subject to regulation.

WHEN CAN I INVEST?

You can invest at any time, subject to the availability of our loan book.

WHO DOES USUALLY INVEST?

Our clientele consists of individuals and institutional high-net worth investors as well as certified sophisticated investors.

CAN I INVEST IF I AM NOT IN THE UK?

Yes, you can. You are advised to consult a professional advisor prior to making an investment. You could be affected by the laws of the country you are citizen of or live in.

WHAT HAPPENS IF I DIE?

Your investment shall be included in your estate. The administrator of your estate or the executor of your will shall contact London Credit. Our lawyers will liaise with your administrator or executor of your will in order to assist accordingly.

WHAT ABOUT TAX?

Everybody’s tax status is unique and we recommend that you consult your own expert advisors on taxation.

WHAT IS LONDON CREDIT TRACKING HISTORY?

Since 2011 London Credit has lent more than £60 mln to borrowers, granting 195 loans with 0 capital loss. 

Consulco Finance has funded properties of total value more than £155 mln.

WHAT DOES LONDON CREDIT DO TO PREVENT BORROWER FRAUD?

Individuals in businesses borrowing through London Credit are comprehensively identity checked.

We validate their identity using LexisNexis’s advanced identity validation/authentication software.

London Credit is also a member of CIFAS - the UK’s leading anti-fraud association.

WHAT IS MY RISK IN BRIDGING INVESTMENT?

Your investment is in a secured loan. If the borrower fails to repay the loan, London Credit will take all reasonable and proportionate action to recover any outstanding amounts by appointing a receiver and enforcing the security property. This process might take from 3 up to 9 months during which, you will receive interest for the whole period until the day of the loan repayment.

WHAT HAPPENS TO MY INVESTMENT FUNDS AT THE END OF THE LOAN TERM?

Two weeks prior to the redemption of the loan, you will be notified and asked whether you wish to reinvest your funds in other available loans or withdraw by transferring these funds to the bank account designated by you.

WHAT IS THE INVESTMENT PROCESS?

By investing in a chosen loan from our loan book, you first enter into a Funded Participation Agreement (FPA) and then transfer your investment amount within 5 business days into our designated bank account, details of which are described in the FPA. 

London Credit shall welcome you through a letter showing your investment amount, details and preliminary interest calculations.

IN WHICH CURRENCIES CAN I INVEST?

We provide a multi-currency investment into GBP, EUR, USD and any other freely traded currency.

CAN I INVEST PARTIALLY?

You may participate in the funding of a loan or re-invest in various loans, either by investing in the full loan amount or in parts.

IS THERE A MINIMUM AMOUNT OF INVESTMENT?

The minimum amount of investment is EUR125,000 or the equivalent in GBP, EUR, USD or other.

For further investments you can invest any amount over EUR10,000.

What is the range of investment term?

This is a short-term investment with the minimum period being 3 months and the maximum period being 18 months depending on the type of the loan. Our statistics show 9 months duration on average.

What security do I have against my investment?

Bridging is a unique and properly secured alternative investment that enhances the investor's portfolio to gain fixed income and high returns with a short-term exit strategy as well as capital protection.

What return do I get?

Bridging is a unique and properly secured alternative investment that enhances the investor's portfolio to gain fixed income and high returns with a short-term exit strategy as well as capital protection.

Why bridging investment differs from other traditional investments?

Bridging is a unique and properly secured alternative investment that enhances the investor's portfolio to gain fixed income and high returns with a short-term exit strategy as well as capital protection.

Become an Introducer


 
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