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Open bridging loans are available from £30,000 to several million depending on collateral value. Lending terms can extend from 1 to 12 months with interest rates typically between 0.5% to 1.5% per month. Fast decisions are geared towards purchases without an agreed sale end. Consideration of an exit strategy is crucial, with uses like purchasing property without an end sale agreed or completing time-limited financial opportunities. Retail, tech, and hospitality sectors often employ these loans. See more on flexible lending solutions.

Typically falling within £25,000 to £10 million, closed bridging loans require confirmation of an exit date. Their terms extend from 6 to 18 months with interest rates ranging from 0.4% to 1.2% monthly. These loans are meant to fill the gap during pending sales or refinancing processes. For instance, manufacturing and hospitality businesses often use them to transition during property sales. Dive deeper into options for specific financial needs.

Development bridging loans start from £75,000 with high-end projects running into millions. They last from 6 to 24 months, with interest rates between 0.75% to 1.5% monthly. Decisions are typically made in 1 to 2 weeks, suited for funding property renovations and rapid construction projects. Construction firms expanding their portfolios or retail businesses renovating premises regularly utilise these loans. Explore more through tailored finance solutions.