We’ll find your perfect Bridging Loan fast; with exceptional service

We get you the best bridging deals because we use all types of lender



With a same day decision in principle from a lender, we act fast to secure your financing



Get exceptional service from your dedicated broker who will tailor your solution
We’ll find your perfect Bridging Loan fast; with exceptional service



We get you the best bridging deals because we use all types of lender



With a same day decision in principle from a lender, we act fast to secure your funding



Get exceptional service from your dedicated broker who will tailor your solution
CBILS Bridging Finance
We can arrange access to CBILS property project funding, where the government pay your set up fees and interest costs for the next 12 months if you’ve been affected by Covid-19
Loan Features
- Maximum 70% LTV
- A rate of 0.55% per month across all LTVs – paid by government for first 12 months.
- 1% arrangement fee – paid by government.
- Interest charge for the first 12 months, arrangement & professionals fees may be paid by the Governmen
- Loans greater than £500k but below £5m
- Loan terms up to 24 months
You may qualify if Covid-19 has meant that...
- Your project is delayed, so you need more time to finish
- You have incurred additional or unexpected costs
- You need more time to find buyers for your development
- You’ve decided to rent your development rather than sell the units
- Your business requires additional funding for operations or investments
Eligibility Criteria
To be Eligible for a CBILS facility borrowers must meet strict eligibility criteria:
- SME borrower must have been impacted by CV-19 and not be in an excluded sector
- SME borrower must have a viable business proposition ignoring short to medium term concerns arising from uncertainty due to CV19
- The borrower must be a SME – includes related or partner enterprises
- SME turnover must be less than £45m – includes related or partner enterprises
- SME must generate >50% of turnover from trading
- SME must be trading in the UK and the facility is to support UK commercial activity
- SME must not be an undertaking in difficulty at 31 Dec 2019. This includes businesses who have accumulated losses greater than 50% subscribed share capital. Reference will need to be made to statutory accounts.
- The facility must be within scheme terms – the max amount of the facility must be determined by the lender to be
– Double the annual wage bill for 2019; or
– 25% of turnover in 2019; or
– Self certification of liquidity needs for the next 18 months – this is the most likely to apply to UTB property customers. Whilst self-certified we will take steps to assess that a reasonable approach has been taken and record our conclusions. - The CBILS facility must be used for an
eligible purpose
How it works and overview of the government scheme:
Overview
•The Coronavirus Business Interruption Loan Scheme (CBILS) is a UK Government Guarantee Scheme established in March 2020 with the aim of assisting SMEs to access finance during the Coronavirus (COVID-19) pandemic.
•The CBILS Guarantee is provided by the UK Government to Us (the Lender) and not to You (the Borrower).
•It enables Us (the Lender) to provide You (the Borrower) with funding that We (the Lender) might otherwise have been unable to provide, due to the Coronavirus (COVID-19) pandemic. Liability
•The provision of the CBILS Guarantee does NOT remove any of Your (the Borrower) liability for repaying Your (the Borrower) CBILS-Supported Facility (nor, if applicable, does it reduce the liability of any Personal Guarantor of the CBILS-Supported Facility).
•In the event of You (the Borrower) defaulting on Your (the Borrower) loan repayments (for example, failing to make specific repayments as and when they fall due), We (the Lender) are entitled to seek to recover the full amount outstanding from You (the Borrower).
•Any monies received by Us (the Lender) under the CBILS Guarantee does not reduce Your (the Borrower) liability in any way.


Helping you to Xcel












Best Bridging Rates in the market












Single Broker for full accountability












Borrow up to 100% of your purchase price












Borrow £10,000 to £100,000,000












Borrow funds for “any legal purpose”












Poor credit and non-status accepted












For your home or investment property












Residential or Commercial property












Rates from 2.5% pa to 2% p.c.m












Anywhere in the UK












Auction purchases
What is it used for?
• Property Purchases
• Refinancing
• Temporary Cashflow Issues
• Short-term working capital
• Auctions
• Renovations
• Short term investment opportunities
Why Xcel?
We created Xcel Finance for property professionals who expect more from their finance broker. We help clients deliver meaningful projects all across the UK, and we create great relationships along the way. We promise that working with us, you’re setting your project up for success.
Arrange Consultation
Bridging Finance is an incredibly useful tool for property investors and developers. Whatever the scenario; our expert brokers will find, negotiate, and arrange the.”best deal for you.”
What is it used for?
• Property Purchases
• Refinancing
• Temporary Cashflow Issues
• Short-term working capital
• Auctions
• Renovations
• Short term investment opportunities
Why Xcel?
We created Xcel Finance for property professionals who expect more from their finance broker. We help clients deliver meaningful projects all across the UK, and we create great relationships along the way. We promise that working with us, you’re setting your project up for success.
Arrange Consultation
Bridging Finance is an incredibly useful tool for property investors and developers. Whatever the scenario; our expert brokers will find, negotiate, and arrange the.”best deal for you.”
Explore our Most Requested Scenarios
Explore our Most Requested Scenarios
Find out more about Bridging Finance
What is a bridging loan?
A bridging loan is a type of short term property backed finance. They are often used to fund you for a period of time whilst allowing you to either refinance to
What can I use bridging finance for?
Downsizing Property Purchase
What’s an exit strategy?
This is how you intend to repay the bridging loan. This could be the sale of a property, or to re-finance with a
How quickly can I get a loan?
Lenders are able to complete bridging loans in a matter of days. It will require a recent property valuation and a solicitor who is able to work very quickly.
Can I apply to a lender direct?
Some lenders do allow direct contact. Given the complexity of this market, we would strongly recommend that you work with a broker to ensure that the product you apply for is fit for purpose based on your situation and objectives. We also have access to products and prices that you won’t have access to direct.
What security will be needed?
So long as it has value, any land or buildings can be used as security for a bridging loan. It can be set up as a ‘first charge’, or it can be set up as a ‘second charge’ if you want to keep your current mortgage in place.
How much can I borrow?
There’s technically no limit to the amount of money that we can raise. We will
Can I borrow 100% of a property’s purchase price?
Yes. If you have an additional property that can be used as security then we are able to arrange finance that gives you 100% of a property’s purchase price.
How long can I have a bridging loan for?
Bridging loans can be set up to be in effect for a few days, or up to five years. Typically, a loan will be 12,18, or 24 months, with a
What’s the process to get a loan?
The key elements of a loan application are about understanding a) the borrower, b) the security property, and c) the exit strategy. The depth of information needed will depend on your circumstances,
Still unsure if Bridging Finance is right for you? Talk to one of our advisors today and we will clear up any concerns or questions you may still have.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Xcel Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA).
Our financial services register number is 806311 which can be viewed on the register at www.fca.org.uk/register or by contacting the FCA.
The FCA does not regulate some forms of buy-to-let, overseas and commercial finance and taxation advice.
Registered Address: Xcel Finance Ltd, 133 Macdonald Road Lightwater, GU18 5YB.
Company Number: 10871707
Copyright © 2019 Xcel Commercial Finance - Designed & Built by Morgan Branding
Talk to an expert Broker today
07791 792475
Ask us a question
info@xcelfinance.co.uk
Talk to an expert Broker today
07791 792475
Ask us a question
info@xcelfinance.co.uk
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Xcel Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA).
Our financial services register number is 806311 which can be viewed on the register at www.fca.org.uk/register or by contacting the FCA.
The FCA does not regulate some forms of buy-to-let, overseas and commercial finance and taxation advice.
Registered Address: Xcel Finance Ltd, 133 Macdonald Road Lightwater, GU18 5YB.
Company Number: 10871707
Copyright © 2019 Xcel Commercial Finance - Designed & Built by Morgan Branding