Unregulated Bridging Loans
Unregulated Bridging Loans are quicker to apply for. That’s because – unlike Regulated Bridging Loans – they are not overseen by the Financial Conduct Authority (FCA), so there is less red tape.
As a result, decisions can be made more quickly, which means they are better for certain transactions.
Why use Unregulated Bridging Loans?
An Unregulated Bridging Loan is ideal for those who need to complete a property purchase with a tight deadline. This makes them perfect for property investors who buy at auctions. As auction transactions must be completed within 28 days, an Unregulated Bridging Loan can give investors the quickest access to the capital they need.
The flexibility of these loans means you can often secure funds for ‘high risk’ projects that traditional lenders are not keen to approve. For example, they can help investors finance construction projects or land purchases.
What can they be used for?
Unregulated Bridging Loans can be used for the same reasons as regulated loans, however, there is one significant difference.
An Unregulated Bridging Loan cannot be used by the buyer to live in. That means they can’t be used if you need funds to buy a property before your current home sells.
They are perfect for:
• Investing in buy-to-let properties
• Starting or advancing a new business
• Buying a property from an auction house
• Expanding a property portfolio
• Raising funds against a property to buy assets for business purposes
How do I apply?
If you think an Unregulated Bridging Loan is right for you, we can help. Contact our team today for a chat and we will guide you through the process.