New Bridging Loan lender in Northern Ireland

We're pleased today to be able to add a third Bridging Loan Lender in Northern Ireland to our panel. This means we now have 3 companies that are willing to lend in this region and that's 3 more than were available at the end of 2011! This increased competition hopefully reflects a growing confidence in the region that will tempt even more Bridging Loan Lenders to once again become involved in lending there. The good news about this new Lender is that compared to our existing Lenders they can offer an increased term (up to 6 months) and for shorter loans they have a more competitive rate of 1.85% per month - previously the best headline Bridging Loan lending rate available in Northern Ireland was 2%. The minimum loan size remains at £50,000 and a maximum of up to £1m is attainable. Offices, retail and residential are all acceptable as security though the borrower's primary residence is not acceptable as a first charge security but other residential property is. Standard fees of 2% arrangement plus legals and valuation apply but these are the same across most of the industry which means our new Lender is still the most competitive deal we can offer. I'm pleased also to say that this lender will look at non-standard deals and have already displayed a lot of flexibility in their approach to get Bridging Loan deals done. If you need a Bridging Loan in Northern Ireland and would like to discuss your options then please get in touch. Either fill in the form on our Bridging Loan page here or give us a call on 0845 1260350.