Land Bridging Finance
A land bridge loan is short-term finance used to purchase or remortgage a piece of land.
As an investor or developer, you may have found an ideal piece of land that comes with no planning permission. You might struggle to get development finance without this in place and therefore find that our bridging finance for land is the solution. A bridging loan for land will allow you to purchase the site, acquire or change planning permission, and refinance with development finance or a self-build mortgage.
Key features for land bridging finance
Land bridging finance is a popular option because:
- Funds can be released to you in stages.
- There are no monthly payments.
- There is no tie-in period.
- A lot of the time, there are no exit fees.
- Starts from £10,000 upwards.
- Maximum term: 12 months.
- Rates start from 0.99% upwards.
The loan’s interest is rolled over, and at the end of the period or when the loan is repaid, the whole amount of capital plus accumulated interest is reimbursed in full. Interest is calculated on a daily basis after the first month, and you will only pay up until the day you see the facility.
For more information, please fill out our quick online form, and one of our trained bridging finance for land specialists will give you a call and go through your requirements with you.