Bridging finance can be a great solution for those looking to branch out into semi-commercial, with the positive attributes that are associated with residential bridging equally applicable to semi-commercial bridging finance.
It’s important that investors do their homework before embarking on the HMO journey. AtLondonCredit,we’re very experienced in providing funds for HMOs and brokers whose clients are in the market should get in touch with their local BDM.
Reports from the market are that securing a bridging loan is becoming harder, with lenders asking more questions and considering each application with more scrutiny.
While both light and heavy refurbishment bridging loans offer valuable solutions for property developers and investors in the UK, they cater to different project scales and complexities.
In today’s challenging market, investors are finding better opportunities for strong yields in the commercial property sector. Brokers worth their salt will be helping their clients source commercial bridging finance by partnering with a lender who has both the appetite and track record in commercial lending, while also doing their bit to keep local high streets alive.