RBS PRIVATE BANKING

BRIDGING LOANS

What is Bridging Finance?
Bridging Finance can be a valuable short-term tool in many property transactions; literally bridging the gap between a borrower purchasing somewhere to live before their existing property is sold. It provides flexibility enabling clients to act quickly and avoid losing out on the house of their dreams or having to break the property chain. Also it can be a particularly useful and affordable way of keeping an existing home on while work is done getting a new one ready for moving in.

There are two types of bridging loan, open and closed. Closed bridging covers a set period of time and, at the end of this, the loan is repaid; this is useful if the completion date for the old property is set. Open bridging is just that – it has no end time.

Why choose RBS?

Our rates and fees

Our arrangement fee is split with the introducer at the time of drawdown we offer  amongst the most competitive, negotiable rates in the market place. Interest is base rate linked and calculated daily.
 
How much will we lend?

Documentation we’ll need 

Contact Us

To find out more about our quick and competitive bridging finance please contact Doug Barber on 07770 502879

For an open ended bridging loan, RBS will require to take a First Standard Security/Legal Charge over the property, if not already held.

* These timescales are indicative and are subject to full compliance with FSA legislation.
Each application judged on its own merits.