Bridging Scenarios
We get you great auction deals because we use all types of lender; from 0.29% per month
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
Broken Sales Chain
Need to act quickly to buy your new home or investment property? Has the sales chain fallen down or broken? We can help.
Selling your home can be stressful, especially if you’ve found your perfect new home, and the chain falters or breaks. Our short-term bridging loans can help you buy your new home while you’re still selling your existing property. And once sold, you simply pay back the bridging loan.
A personal bridging loan gives you the control to buy your new home quickly, even if there’s a break in the chain. So you don’t miss out on the home of your dreams. There are no monthly repayments to make, as interest is rolled-up for the term of the loan. Also, we don’t hit you with early repayment charges if you want to pay off your bridging loan early.
This product is also suitable if:
- Your buyer pulls out late in the purchase process
- Your new purchase needs repairs or other work before a standard mortgage can be used
- If you need to raise money or complete the purchase quickly
Auction Purchase
Get an ‘in-principle’ decision on the same day from a team you can rely on.
If you’re successful with an auction bid, things move quickly. You’ll need to pay 10% deposit on the day and the full balance of the property within 28 days. Understandably, covering the full balance in less than a month is a big ask for most buyers. This is where short-term bridging finance comes in, helping to ‘bridge’ the gap until a longer term, buy-to-let or commercial loan can be secured.
Our auction finance lending options are designed to offer flexibility as well as speed and efficiency, helping buyers to bid with confidence and complete the process quickly. Our short-term auction finance bridging loans can usually be arranged in a matter of days.
From short-term bridging loans, right through to buy-to-let mortgages, auction finance loans can be an extremely versatile option for residential, semi-commercial and commercial properties, including land.
We cover a wide range of property types, such as non-standard constructions. This allows us to offer loans where other high street lenders may not be able to. So whether you’re a homeowner, investor, business owner or self-employed, you can apply for our auction finance with us.
Property Purchase
Bridging loans are mainly used by clients that need quick, short-term capital to fund a property purchase.
They include those who need to complete quickly. This might include property developers, who often have the opportunity to secure a great deal if they can complete quickly.
It’s also common if you have to get planning permission. In order to obtain planning permission and secure development funding, the developer may need immediate access to capital.
When a property has a short lease a borrower will likely be refused a traditional mortgage. A bridging loan can be used to extend the lease, which then makes the property mortgageable through conventional lenders.
Refurbishment
This new product is ideal for investors or property landlords who want to purchase a property, carry out light refurbishments and then release their investment quickly to move onto the next project.
If a property needs modernisation, you can go ahead knowing that the money spent on refurbishment could be replenished when the work is completed allowing you to think about your next investment opportunity.
This might typically include the replacement or refurbishment of kitchens and bathrooms, renewal of services, decorative attention or internal re-configuration. It does not include anything that requires planning permission or structural changes.
Raising Working Capital
Want to release equity in your home to buy an asset or refurbish a property? Need funds to pay a bill or improve short-term cash flow? Try talking to us.
When you need to raise funds quickly, you need a lender who understands that speed and service are critical. With Xcel Finance, you could take advantage of our no-nonsense approach to lending that means we often make ‘in principle’ decisions fast. An approach that caters for different property types and customer circumstances, including employed, self-employed, limited companies, LLPs, sole traders and partnerships.
Our specialist team and flexible lending criteria means we can arrange a bridging loan quickly, so you can act fast to make the most of a business opportunity or raise funds for business cash flow and tax liabilities. We offer flexible terms and you can rest assured that we won’t hit you with early repayment charges if you want to pay off your bridging loan early, leaving you to think about your next project.
Broken Sales Chain
Need to act quickly to buy your new home or investment property? Has the sales chain fallen down or broken? We can help.
Selling your home can be stressful, especially if you’ve found your perfect new home, and the chain falters or breaks. Our short-term bridging loans can help you buy your new home while you’re still selling your existing property. And once sold, you simply pay back the bridging loan.
A personal bridging loan gives you the control to buy your new home quickly, even if there’s a break in the chain. So you don’t miss out on the home of your dreams. There are no monthly repayments to make, as interest is rolled-up for the term of the loan. Also, we don’t hit you with early repayment charges if you want to pay off your bridging loan early.
This product is also suitable if:
- Your buyer pulls out late in the purchase process
- Your new purchase needs repairs or other work before a standard mortgage can be used
- If you need to raise money or complete the purchase quickly
Auction Purchase
Get an ‘in-principle’ decision on the same day from a team you can rely on.
If you’re successful with an auction bid, things move quickly. You’ll need to pay 10% deposit on the day and the full balance of the property within 28 days. Understandably, covering the full balance in less than a month is a big ask for most buyers. This is where short-term bridging finance comes in, helping to ‘bridge’ the gap until a longer term, buy-to-let or commercial loan can be secured.
Our auction finance lending options are designed to offer flexibility as well as speed and efficiency, helping buyers to bid with confidence and complete the process quickly. Our short-term auction finance bridging loans can usually be arranged in a matter of days.
From short-term bridging loans, right through to buy-to-let mortgages, auction finance loans can be an extremely versatile option for residential, semi-commercial and commercial properties, including land.
We cover a wide range of property types, such as non-standard constructions. This allows us to offer loans where other high street lenders may not be able to. So whether you’re a homeowner, investor, business owner or self-employed, you can apply for our auction finance with us.
Property Purchase
Bridging loans are mainly used by clients that need quick, short-term capital to fund a property purchase.
They include those who need to complete quickly. This might include property developers, who often have the opportunity to secure a great deal if they can complete quickly.
It’s also common if you have to get planning permission. In order to obtain planning permission and secure development funding, the developer may need immediate access to capital.
When a property has a short lease a borrower will likely be refused a traditional mortgage. A bridging loan can be used to extend the lease, which then makes the property mortgageable through conventional lenders.
Raising Working Capital
Want to release equity in your home to buy an asset or refurbish a property? Need funds to pay a bill or improve short-term cash flow? Try talking to us.
When you need to raise funds quickly, you need a lender who understands that speed and service are critical. With Xcel Finance, you could take advantage of our no-nonsense approach to lending that means we often make ‘in principle’ decisions fast. An approach that caters for different property types and customer circumstances, including employed, self-employed, limited companies, LLPs, sole traders and partnerships.
Our specialist team and flexible lending criteria means we can arrange a bridging loan quickly, so you can act fast to make the most of a business opportunity or raise funds for business cash flow and tax liabilities. We offer flexible terms and you can rest assured that we won’t hit you with early repayment charges if you want to pay off your bridging loan early, leaving you to think about your next project.
Refurbishment
This new product is ideal for investors or property landlords who want to purchase a property, carry out light refurbishments and then release their investment quickly to move onto the next project.
If a property needs modernisation, you can go ahead knowing that the money spent on refurbishment could be replenished when the work is completed allowing you to think about your next investment opportunity.
This might typically include the replacement or refurbishment of kitchens and bathrooms, renewal of services, decorative attention or internal re-configuration. It does not include anything that requires planning permission or structural changes.