Finance Options
Our finance service can include :
- Making your property transaction happen
- Accessing some of the best rates in the market
- Help get you fast bridging finance, if you need to move quickly
- Replacing high-interest bridging finance with more affordable long-term finance solutions
- Excellent customer service

Solutions For Your Scenario
Bridging finance is often required for properties where no planning permission or building regulation compliance is required, or where there is no change to the overall use or nature of the premises.

- Uninhabitable property – where standard mortgage companies will not lend on a property that is uninhabitable. A bridge loan can be a good way of providing the light refurbishment required to allow long-term finance to be put in place.
- Under “Permitted Development Rules” – light refurb or renovation short-term finance can provide the funding required to allow a change of use (e.g. offices into residential flats)
- Wind and watertight – can provide finance that allows properties that are “wind and watertight” to be taken through to completion
- Internal redecoration – funding for internal refurbishment to finance redecoration, fitting a new kitchen or bathroom, etc.
Being able to move quickly often makes all the difference in securing a property. Call our finance team to discuss a bridging loan or any other solution you might need.
Likewise, bridging loan finance is often required for properties where planning and or building regulation compliance is required, or where there is a change of use in the nature of the building premises.

- Basement excavations/digs – work of this nature often has structural implications but can add significant value to a property
- Loft conversions – many developers are converting loft space into extra living space to get more value out of their property
- Property extensions – a simple way to add value
- Single unit to multi-unit conversions – conversion to flats or HMO
- Multi-unit to single unit – varies widely, depending on the property
- Barn conversions – bespoke deals for unusual properties
- Commercial to residential use – a growing area for developers, particularly converting light commercial property over to homes and flats
Where a property or land is being purchased for business purposes and speed is of the essence. A lender may be happy to either lend on the asset in question or on the strength of the business balance sheet.

- Acquisition of a building or land where speed of funding can make all the difference – for example, a farming business might have a short-term opportunity to buy additional land due to a distressed sale
- VAT funding
- Short-term trading funding
A second charge bridge loan could be on a regulated or unregulated basis. These loans are common where the property has an existing mortgage (first charge), and capital needs to be raised for:

- Home improvements – extensions, loft conversions, etc
- Deposit for second property purchase – investment property, buy to let, etc
- Business purposes – funding new business properties
- Tax payments – Inland Revenue bill for CGT, etc
- Purchasing land or development – financing to add additional property onto an existing plot
Get in touch!
Book in for a casual, no obligation chat with one of our consultants who can talk you through each process of your project and how best Summit can help.

Get in touch!
Book in for a casual, no obligation chat with one of our consultants who can talk you through each process of your project and how best Summit can help.
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Start Your Dream Project Today!
Book in for a casual, no obligation chat with one of our consultants who can talk you through each process of your project and how best Summit can help.