Residential Building Finance – for Small and Medium Sized Developments
Whether you are undertaking an extension to your house, a conversion from offices to individual flats, or a brand new development of houses or apartments, we are able to assist in the financing of your project.
Commercial Loans Ltd is able to fund most of the initial purchase of the land or property and we can provide ongoing finance during the period of the construction phase. We liaise closely with our surveyors and solicitors to ensure that you do not have to worry about the financial aspects of the building project, allowing you to carry on with the building process in the knowledge that the financial side is taken care of.
With many years of experience in this type of development funding, we understand the complexities of property transactions and can advise you on the type of commercial loan you require. This will cover aspects ranging from the required period of the funding to the interest charges and how you wish to service the bridging loan eg payment of interest during the lending period, deduction of interest at the drawdown stage of the commercial loan or alternatively rolling the interest to the end of the lending period.
As you will be speaking to the actual decision makers here at Commercial Loans Ltd, you will receive a swift answer to your queries and a decision regarding your funding. We therefore have an advantage over the High Street banks in terms of giving you a quick decision and being able to finance projects which could not secure bank funding. At Commercial Loans Ltd we will strive to find you a funding solution for your development.
Residential Bridging Loans – from a Principal Lender
We can offer residential bridging loans on all types of residential property – detached homes, flats, terraced and land for residential use.
The security property can either be property you already own or which you intend to buy with bridging finance from Commercial Loans Ltd.
You may need to source bridging funding quickly to take advantage of an investment opportunity or a chance to purchase some land or property at a reduced price.
If residential property is bought at auction you usually need to pay a 10% deposit immediately and then raise the balance within 28 days.
We can provide this bridging funding at short notice for a period up to 9 months.
The bridging loan is usually repaid through a remortgage with a high street lender or when the property is sold.
A residential bridging loan from Bridging Loans Ltd can also be used to give your business a cashflow injection, perhaps to assist in purchasing stock or paying a tax or VAT bill.
These bridging funds can be secured on your residential property and repaid in as little as 3 months from your business once cashflow permits.
We aim to make the bridging funding process straightforward and assist in obtaining the necessary finance within the shortest period of time.
For further information on building finance, please telephone us on
0141 332 8884.