FREQUENTLY

FREQUENTLY

ASKED QUESTIONS

Still can’t find an answer?
Call us at +44(0)207 315 4239
or email info@globaldevelopmentfinance.com

Still can’t find an answer?
Call us at +44(0)207 315 4239
or email info@globaldevelopmentfinance.com

The minimum interest rate is 1% per month, our rates vary depending on many risk factors.

The maximum amount you can borrow is £5,000,000.

Yes, you can payback your bridge loan early and the difference in interest will be reflected in your redemption statement.

Unfortunately, we only provide bridge loans where we can obtain a first legal charge over the property.

Absolutely, all information about borrowers is kept with strict confidentiality and will not be revealed online.

Where loan amounts exceed £2,000,000. We will require a face to face meeting at our offices.

There are a number of similarities with bridging loans when compared to development finance. Both methods of finance are only intended as a short-term funding solution.

Development finance can be taken out for periods of up to 3 years, whereas bridging loans are usually up to a maximum of 1 year. The development finance providers place a great importance on previous development experience, so if this is not available then a bridging loan may be the only option.

You can get a decision in principle within 24hours of making an application online.

This is due to many years of experience, access to a wide range of bridging loan facilities, very efficient processing systems and a hardworking, well organised team.

It usually takes between 7-10 days to receive your bridging loan facility.

Our bridging loans can be secured on residential property, commercial property, building plots and land. Don’t worry about the type of construction or the condition of the property, we are very flexible.

We have a wide range of facilities and can provide bridging finance for clients who have County Court Judgements, defaults.

Yes we can, commercial bridging loans are a speciality, provided that there is sufficient security and the ability to repay the commercial bridging loan.

For bridging loans there is usually an arrangement fee which is only payable once you have your bridging finance facility. Therefore if you do not receive your bridging loan there are no arrangement fees to pay. Arrangement fees and also legal costs can usually be added to the bridging loan facility if required.

Yes, this can be possible provided that the existing bridging loan facility is not in default and there is sufficient equity available to secure the additional borrowing.

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