£400,000-£500,000 Bridging Loans

At Blue Square Capital, we understand that when it comes to property purchases, time is of the esssence.

We offer quick bridging loans over £400,000 that can help you complete on a property within 2 weeks.

Whether you are looking to upgrade a current property to sell it, buy a new one or fund a new development project, a £400,000-£500,000 bridging loan from Blue Square Capital can help you complete as quickly as possible.

Our expert team are on hand to provide some indicative terms and help you access the capital that you need up to £2 million.

• Borrow £250,000-£2 Million
• Rates from 0.95% per month
• Up to 70% LTV
• Completion Within 2 weeks
• Up to 15 months
• 1st and 2nd charge loans
• London-based, covering England and Wales

At Blue Square Capital, we understand that in the world of property, sometimes you need capital – and fast.

Our application process is designed with speed in mind, helping you get the answers you need as quickly as possible.

Here’s how the process works:

Once you have a plan in place, get in touch with our team.  We will want all the details, including how much you need, what your plans are and how you expect to pay back the loan.

The documents that we will want to see include:

• Previous company bank statements
• Previous personal bank statements
• Details of costs and financials
• Insurance documents
• Details of exit strategy
• Property valuation

Our underwriters will aim to assess your application and get back to you within 24 hours with an indication of whether we want to progress.

If approved, the legal process begins. We will make sure the terms of the loan are clear and aim to have the money with you within 1-2 weeks.

You do not need to be a limited company to be eligible and we regularly work with contractors and self employed individuals. 

The interest rates for our loans are assessed on a case-by-case basis, depending on the level of risk.

Our loans start at 0.95% and can be repaid across 15 months.

We offer bridging loans with a maximum LTV of up to 70%. However, this is adjusted on a case-by-case basis.

This means that if you are looking to buy a property with a valuation of 1,000,000, we will cover up to £700,000. The remaining 30% will need to be covered by your business or investor.

Blue Square Capital offers interest rates starting from 0.95% per month which remain fixed through the loan term for up to 15 months.

We pride ourselves on not charging early exit fees, meaning you can pay the loan back in a timeframe that benefits you.

Other fees may include:

• Arrangement fees (2% of loan amount)
• Bank transfer fee (£25)
• Admin fee (£999)
• Valuation and survey fees (depends on property)
• Solicitor fees (depends on project)

It’s important to note that any fees associated with the loan will be agreed and laid out upfront, ensuring no hidden costs.

Absolutely. We offer bridging loans from £250,000 – £2 million which can be used for both residential and commercial properties.

However, we will assess each project on a case-by-case basis to see how much we would like to lend. The elements that influence this include:

• The LTV (up to 70%)
• The projected timeline and costs of the project
• Your exit strategy
• Your credit history
• Company history – including proof of successfully completed projects

If you are looking to borrow more than £500,000 we would recommend ensuring that your project plan is complete and all paperwork is present at the time of application.

Blue Square Capital offers unregulated bridging loans.

As an unregulated lender, we are able to help many of our clients complete within 2 weeks – ensuring they get the capital they need.

Our underwriters work quickly to get you a first indication within 24 hours.

Then, we work closely with you through the whole process, ensuring our terms are clearly laid out and transparent.

We understand that sometimes, the property market is all about speed and we aim to provide fast, reliable bridging loans to those that need them.

Yes, we pride ourselves on working with a network of bridging loan brokers all across the UK and Wales.

Our team of experts works closely with brokers to assess the best deals for their clients.

If you are a broker looking for more information on our services, get in touch with our team today to find out more.

Is A Bridging Loan Right For Me?

Assessing whether a bridging loan is right for you depends on a number of criteria, including how quickly you need capital and how you plan to repay the loan.

Bridging loans are a fantastic short-term loan that can provide quick funding, however you need a solid exit strategy to ensure you can definitely pay it back.

If you are still unsure, you can read more about how to assess if a bridging loan is right for you here.

If I Need A Bridging Loan Within A Week, Can You Deliver It?

Once you apply for a bridging loan, our team will work quickly to provide an indicative response within 24 hours.

If we decide to go ahead with the loan, we will do our best to meet your desired timeframe, but typically complete within 2 weeks.

To ensure the application is as seamless as possible, make sure you have all the relevant investment information to hand. We will want to see official valuations, surveys and understand your exit strategy. The more comprehensive this information is ahead of application, the more likely you are to get a quick approval.

What Happens If I Can’t Pay Back My Bridging Loan?

As part of the loan process, you will agree the asset you would like to use as collateral in the event of a payment default.

In many cases, this is the property being purchased, which could mean it’s at risk of repossession if you fail to repay the loan. However, it’s worth noting that this is a last resort and we will always work with our borrowers to avoid this.

Having a solid exit plan in place will ensure that this is unlikely to happen.

Are The Funds Transferred All Together Or In Tranches?

Bridging loans are usually paid out in one lump sum to help make you a cash buyer and allow you to secure the property as quickly as possible.

If you are doing building work, we can discuss distributing the funds in multiple payments, known as tranches. 

Do You Provide Loans Above 70% LTV?

No, we offer loans with an LTV of up to 70% – this is still a considerable amount more than many of our competitors.

If your project is happening in stages, our team can help provide a timeline that may allow you to refinance during the project and secure the remainder elsewhere.

Do You Do Auction Finance?

Yes, many of our clients are buying properties at auction. Our quick approval process means that we can help you secure the funds ahead of an upcoming auction.

However, it’s worth noting that you will likely need to pay a 10% deposit of the property value straight away. You will then have 28 days to come up with the remaining 90%, so ensure you apply with plenty of time to avoid any delays.

Find out more about our auction finance offering here.