Brightstar are delighted to announce an allocated tranche of funds, on a LIMITED EDITION basis, offering your property professional clients our lowest bridging finance rates ever!
These products are suited to experienced property investors or landlords who need to raise funds quickly, perhaps in the following circumstances:
- Your client is looking to purchase a property in order to obtain planning permission and sell, or to obtain  development finance
- Your client is looking to purchase a property where the vendor needs to move quickly, possibly due to repossession or mortgage arrears
- Your client needs to raise capital urgently for investment into another project, or business
- Your client may wish to finance a property that has been renovated and is awaiting a sale
Product features and highlights:
- Rates from 0.41% per month
- £1m minimum loan amount
- Residential only
- Serviced/retained/ or part & part
- No works to be carried out on the property
- It can be a bridge/bridge to sell & let
There are three funding options available:
Option 1
- 6.99% per annum/2% deferred – Payable / retained rate @ 0.41% PCM
- 7 months bridge – ERC free period
- 0.5% fee added onto the loan in month 8
- ERC – 1% in months 8-12
- 13-21 – 2%#
- 21+ – 0%
Option 2
- 7.49% per annum/2% deferred – Payable /retained rate @ 0.45% PCM
- 9 months bridge – ERC free period
- 0.5% fee added onto the loan in month 10
- ERC – 1% in months 10-12
- 13-21 – 2%
- 21+ – 0%
Option 3
- 7.99% per annum/2% deferred – Payable / retained rate @ 0.49% PCM
- 12 months bridge – ERC free period
- 0.5% fee to be added onto the loan in month 12
- 1.5% ERC in month 13-21
- 21+ – 0%
TO MAKE AN ENQUIRY OR TO FIND OUT MORE, CALL 01277 508959
OR SUBMIT A CALL BACK REQUEST
FOR INTERMEDIARY USE ONLY
