REVOLVER6
PRE-APPROVED REVOLVING CREDIT FACILITY – APPLICANTS ACQUIRE UP TO 6 PROPERTIES / £2m OVERALL.
- The facility will take first charge security against existing unemcumbered property to release a revolving facility that can be quickly drawn on for other property purchases.
- 65% Loan To Value.
- Interest Rates from 1.2%.
PRODUCT KEY FEATURES
- The facility will take first charge security against existing unencumbered property to release a revolving faility that can be drawn on for other property purchases.
- The drawdown will rely on the security already taken and not the new property being acquired, unless a “blended” loan is required for the new acquitision.
- 65% Loan To Value.
- Interest Rates from 1.2%.
- Upon drawdown of any part of the pre-approved facility, that loan must be repaid within 6 months.
- The underlying property security underpinning the facility must be revalued every 6 months.
VIEW OTHER PRODUCTS:
WE WILL LEND AGAINST >
- RESIDENTIAL PROPERTY
- RESIDENTIAL DEVELOPMENTS
- COMMERCIAL PROPERTY
- COMMERCIAL DEVELOPMENTS
- MIXED USE PROPERTY SCHEMES
- OFFICES
- RETAIL
- LAND
- INVESTMENT PROPERTY – RESIDENTIAL AND COMMERCIAL
WHY CHOOSE BRIDGEBANK >
- DECISIONS IN HOURS
- LOAN COMPLETIONS IN DAYS
- EXPERIENCED FINANCE AND PROPERTY PERSONNEL
- ON-LINE APPLICATION PROCESSING
- NO FRONT END PROCESSING FEES
- BROKERS FEES PAID ON SAME DAY AS ADVANCE PAID TO BORROWER
- EXTENSIVE PANEL OF APPROVED VALUERS
