Bridging and Development
Explore Our Bridging and Development Finance Solutions
Bridging finance serves as a short-term funding option typically used to bridge the gap between a debt coming due and the main line of credit becoming available. In property, it's commonly employed to facilitate a quick purchase, particularly when there's a delay in the sale of an existing property but an opportunity to buy another. This type of finance can also be used for property renovations, auctions, or buying uninhabitable properties. Bridging loans are usually secured against property and tend to have higher interest rates due to their short-term nature.
Development: Development finance caters to property developers or individuals looking to undertake construction projects. Development finance often involves staged payments based on the project's progress and may have more extended repayment periods compared to bridging finance.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Bridging and Development services are referred to a third party. Neither Clayhall Financial Services Limited or PRIMIS are responsible for the service received.
Unlocking Possibilities: Specialist Mortgages for Every Stage
Specialist Mortgages cater to specific financial needs, offering tailored solutions for individuals exploring equity release, second charges, and those delving into the dynamic realms of bridging and development. For those seeking to tap into the value of their property without selling, equity release becomes a viable option, providing financial flexibility. Second charges offer an additional layer of borrowing, allowing homeowners to access funds while keeping their existing mortgage intact. Bridging and development mortgages facilitate smooth transitions between property transactions and fuel ambitious construction projects. No matter where you are in your financial journey – be it unlocking property value, optimizing borrowing, or embarking on development ventures – our Specialist Mortgages are designed to address your unique needs and open doors to new possibilities.
