Loans Against
Commercial Property
Semi Commercial Property
Residential Property
Land in mainland UK
70%Maximum LTV
70% (OMV)
1st
2ndProperty Tenure – Freehold Only 1st or 2nd legal charge only
2ndProperty Tenure – Freehold Only 1st or 2nd legal charge only
12Loan Term –
3 months to 12 months
All loans are secured against property by a 1st or 2nd legal charge. Loans secured against property at a maximum 70% LTV on a open market valuation which insulates investors from any fall in property value. All properties to be independently valued by a RICS member who has adequate professional indemnity insurance as part of our credit process. Furthermore we have a panel of city law firms on our panel who are experienced in bridge lending and have professional indemnity insurance in place in the event of negligence or fraud.
Why Chancery Capital
We have extensive experience in property lending prior to setting up Chancery Capital. Across the team we have over 60 years Bridging and Banking experience and have completed thousands of transactions secured against property. Further comfort can be taken from our record of losses, defaults and zero write-offs.
Residential
Bridging
Bridge loans for residential homeowners can help bridge the gap between the time your existing home is sold and your new property is purchased
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Commercial/
Semi Commercial
Bridge loans to buy a business with an asset, commercial, semi- commercial, run down commercial, also secured against commercial property to secure funds quickly to purchase
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Development
Bridging
Experienced property developers can finance their latest projects, raise capital to acquire a new site or exit development finance.
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Secured
Bridging
We can help secure bridging finance against current assets like buy to let property or commercial portfolios
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Improvement
Bridging
For property developers planning a major renovation to homeowners or developers planning minor improvements / refurbishment works on a run down but habitable building,
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Bespoke
Bridging
You may have a unique situation we can help with, talk to us about your ideas.
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Key points to decide what you need from your bridge loan
- Do you know how much you need to borrow? Borrow from £50k
- Do you have the deposit? Residential and Commercial deposit are usually at least 30-35%
- Do you need to raise refurbishment money as well?
- How long do you need to borrow? Terms from 3months to 12 months
- How will you repay the loan – do you have an “exit plan”
- Will you service the loan with monthly payments? or have the total interest deducted from the gross loan so there are no monthly repayments.
- Will you be borrowing in an SPV company?
- Do you have clean credit? You must inform us of any adverse credit
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