Bridging
Altun Finance Limited: Acquire Short-Term Financial Backing with Large Bridging Loans
At Altun Finance Limited, we specialise in arranging large bridging loans that can be secured against any property type. With our expertise in bridging finance, we can quickly set up a large bridging loan for any business purpose, ensuring you won’t encounter cash-flow troubles.
Speak to our experienced bridging finance brokers at Altun Finance Limited to find out how much you could acquire and secure the best bridging loan rate.
How Large Bridging Loans Works
To access a bridging loan, you need to offer a property as collateral in case you fail to repay the loan. The amount you can borrow is determined based on the Loan to Value (LTV) ratio of the property, usually capped at 80%. Altun Finance Limited has access to a wide network of lenders who offer large bridging loans, ensuring you can secure the financing you need for your business ventures.
Short-term bridging loans typically require repayment within 12 months, although some lenders may extend this period up to 36 months. While there are no monthly repayments, it’s important to have a solid exit strategy in place to repay the bridging loan in full, along with any accumulated interest. Our bridging loan brokers can help you develop a comprehensive repayment plan that aligns with your business goals.
Advantages of Large Bridging Loans
Large bridging loans arranged by Altun Finance Limited provide a way to quickly secure substantial amounts of money, enabling companies and individuals to make timely business decisions without waiting to raise funds themselves. Our large bridging loans offer flexibility, speed, and convenience, allowing you to seize investment opportunities or overcome temporary financial challenges.
There is virtually no limit to what a large bridging loan can be used for. Typical examples include:
• Purchasing properties at auction
• Buying properties before selling a current property
• Covering some or all the costs of a development project
• Fulfilling taxation requirements to avoid penalties
• Injecting cash into a new business or purchasing an existing business
• Funding restoration and renovation work
• Meeting unexpected expenses and clearing debts
Altun Finance Limited understands the diverse needs of our clients, and our bridging loan brokers will work closely with you to determine the most suitable use of your large bridging loan funds
Eligibility for a Large Bridging Loan
The lending criteria for bridging loans are more flexible compared to those of a standard mortgage application. Even if you have a poor credit score, Altun Finance Limited can assist you in finding lenders who specialise in large bridging loans and consider other factors beyond credit history. We understand that each client’s circumstances are unique, and we work tirelessly to find solutions that meet your specific requirements.
Fees Associated with Large Bridging Loans
In addition to the final loan repayment, there are several fees involved in large bridging loans. These may include:
• Arrangement fees: Charged by the lender for providing the loan
• Exit fee: Applicable upon loan repayment
• Surveyors or Valuer fees: Required for property valuation
• Legal fees: Associated with legal aspects of the loan process
• Interest: Calculated monthly on the outstanding loan balance
During the application process, Altun Finance Limited will provide transparency regarding any fees associated with your specific large bridging loan.
Apply for a Large Bridging Loan in 6 Easy Steps
The process of applying for a large bridging loan is straightforward with Altun Finance Limited. Our bridging loan brokers will guide you through each step to ensure a smooth and efficient application process.
1. Initial conversation with your bridging loan broker
Contact one of our experienced bridging loan brokers at Altun Finance Limited to discuss the details of your application. During this conversation, we will gather information about your project, repayment plans, and relevant experience to determine the best bridging finance options for your needs.
2. Loan acceptance
Once your bridging loan broker is satisfied with your request, they will approach trusted lenders on your behalf. The initial offer will be conditional and depend on the valuation of the property being used as collateral, along with various legal considerations.
3. Property valuation
Lenders will arrange for a professional valuation of the property to determine its market value and suitability as collateral for the large bridging loan. This valuation is a crucial step in determining the loan amount you can secure.
4. Documentation
As part of the application process, you’ll need to provide supporting documents, including bank statements and credit checks. These documents help lenders assess your financial situation and verify your repayment capacity.
5. Formal offer
Once all documentation has been checked and the valuation stage is complete, you’ll receive a formal letter of acceptance for your large bridging loan. This offer will include the loan terms and conditions, as well as any legal requirements.
6. Receiving funding
After accepting the formal offer and completing all necessary legal work, the funds will become available to you. Altun Finance Limited ensures a seamless transfer of funds to facilitate your property purchase or address your short-term cash flow needs.
Need a Fast Bridging Loan?
Altun Finance Limited has the experience and network to expedite the process of arranging large bridging loans. Depending on the complexity of the loan and the completion of legal requirements, we can secure your large bridging loan in as little as 48 hours.
Our efficient and streamlined approach ensures that you can access the funds you need within a short timeframe.
Choose an Expert Bridging Finance Broker for Your Large Bridging Loan. Choose Altun Finance Limited
Altun Finance Limited stands out as a reputable bridging loan broker with years of industry expertise. Our team is committed to saving you both time and money by leveraging our network of lenders to find the most suitable options for your specific requirements.
Contact Altun Finance Limited today to discuss your large bridging loan needs and benefit from our professional financial services.
Altun Finance Limited
Tel: 0208 350 8560 Mob: 07981 949991
admin@altunfinance.co.uk www.AltunFinance.co.uk
Altun Finance Limited is authorised and regulated by the Financial Conduct Authority regulation of, Credit Broking. Financial Conduct Authority (FCA) Registration FRN, 732830
ICO Data Protection Registration reference: Z1161291 Company Registration No. 05998938 : Address: Suit 20 The Wenta Business Centre, Innova Park, 1 Electric Avenue, Enfield, EN3 7XU
