Bridging Loans in Manchester

If you’re looking to access quick funding in Manchester, our bridging loans can help you get the capital you need.

We specialise in unregulated first charge bridging loans between £250,000 and £2 million, with a Loan-to-Value (LTV) of up to 70%.

Whether you’re looking to buy a property, renovate or develop, our bridging loans give you fast access to funds within 2 weeks.

Our expert knowledge of the Manchester property market means we don’t just act as a lender, we also give our borrowers access to our network of suppliers and expertise.

So, get in contact today to find out more about our Manchester bridging loans.

With our bridging loans, you can borrow between £250,000 and £2 million, depending on the price of the property you are putting down as collateral.

We offer a Loan-to-Value (LTV) of up to 70%, which means you can borrow up to 70% of the property’s value.

For example, if your property is valued at £1 million, you could borrow up to £700,000.

We know just how important it is to act quickly, so we do everything we can to get the funds to you within 2 weeks. That way, you don’t need to worry about missing out on any time-sensitive opportunities.

If you’re not sure how much you qualify for, contact us, and we’ll talk you through the process to see how much you can borrow.

Our bridging loans in Manchester can be used for a number of investments, including:

Buying Property: You can buy residential, commercial or mixed-use properties with our bridging loans.

Property Development: Fund renovations or refurbishments to increase an property’s value.

Auction Buys: Take advantage of auction deals by having the funds ready quickly.

Bridging Financial Gaps: Cover any cash flow issues while waiting for alternative financing or sales.

Business Opportunities: Get the funds that you need for business opportunities that need quick action.

Because our loans are unregulated, they are great for investors, developers and business owners looking for short-term financing with quick approval times.

Whatever your needs, our bridging loans are designed to boost your business, and fast.

Our Manchester bridging loans are designed to get you quick capital. Some of the loan types we approve include:

Unregulated Bridging Loans: Perfect for business or investment purposes, these loans are flexible, with quick approval times.

First Charge Bridging Loans: A loan with the property as the main collateral, allowing you to borrow large amounts in a quick timeframe.

Refurbishment Loans: Perfect for property renovations, allowing you to increase the value of your property.

Auction Loans: Fast funding to meet the tight deadlines of auction buys, so you don’t miss out on great opportunities.

Property Development Loans: For developers looking to fund new builds, conversions or big refurbishment projects.

No matter what you plan to use the funds for, our bridging loans are designed to give you fast, reliable funding within 2 weeks.

We want to make sure that you can make the most of your investment in Manchester’s fast-paced property market.

Before applying for a bridging loan in Manchester, it’s important to think about the following:

Exit Strategy: How will you repay the loan? You might be thinking about selling the property or refinancing with long-term finance. A clear plan is important to make sure you avoid any penalties.

Loan-to-Value (LTV): We offer loans with up to 70% LTV. Make sure the value of your property is high enough for the amount you need to borrow.

Loan Term: Bridging loans need to be repaid within 15 months. Make sure this timeline fits with your project to avoid defaulting.

Interest Rates and Fees: Understand the total cost, including monthly interest and any extra fees to avoid surprises.

Property Valuation: Before you apply for the loan, get your property professionally valued to avoid any delays.

Risk: Look at the property market and anything else that might affect your exit strategy. Have a back up plan just in case.

The right planning will help you achieve your business goals, without putting you at risk.

To qualify for a bridging loan with Blue Square Capital, you must meet the following criteria:

Age: You must be at least 18 years old.

Loan Purpose: The loan must be used for business or investment purposes.

Location Of Security: The property being used as security must be in the UK.

Exit Strategy: You must have a clear exit strategy to repay the loan within the 15 month loan term.

Deposit: You can borrow between £250,000 and £2 million, with a maximum Loan-to-Value (LTV) of 70%. That means you will need the money to fund the remaining 30% of the project.

Credit History: While we care more about the exit strategy than your credit history, we may look at it as part of the application process.

Where do you offer bridging loans in Manchester?

We offer bridging loans all over Manchester and Greater Manchester, including:

What fees do you charge for bridging loans in Manchester?

On top of your interest payments, we do charge some extra fees, including:

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)
Exit fees (n/a)

What happens if I can’t repay my bridging loan?

As part of the application process, we’ll work through the exit strategy, flagging any potential risks.

If you think you can’t repay the loan in time, think about refinancing or selling another asset to cover it. As the property is being used as collateral, you could end up losing it, however this is a last resort and we will work with you to avoid this at all costs.

What interest rate do you offer for bridging loans in Manchester?

Interest rates may vary slightly on a case-by-case basis, depending on how risky we perceive the loan to be. However, our interest rates start at 0.95%.

What documents do I need to apply for a bridging loan in Manchester?

When you apply, we’ll ask for a number of documents, including:

• Proof of identity (passport/drivers licence)
• Property valuation (signed by a professional)
• Company financials
• Credit history
• Exit strategy
• Proof of deposit (to cover the remaining 30%)