Welcome to Northern Ireland Bridging Loans.
We are the only dedicated funding provider of bridging finance and development finance to borrowers in the province.
We work with a few carefully selected short term lenders who are prepared to lend to property developers, landlords, entrepreneurs and other property professionals in Northern Ireland.
Bridging Loans in Northern Ireland
Whilst the LTVs may be a little bit lower than those on the mainland initially, we expect this will level out over time as more and more bridging and development finance lenders enter the market.
Indeed, recent reports highlight the fact that house prices in Northern Ireland have risen by 6% in the first 4 months of 2017.
Regardless of what happens with the political situation in Northern Ireland or the rest of the UK, the fact is that people need housing and a bridging loan is a quick and viable way to do this.
Well actually it is when it comes to property finance.
Bridging loans in the province will be similar to those on the mainland in terms of lender arrangement fee, exit fees and other charges.
Monthly interest will be calculated and assessed by the level of risk. The riskier the deal appears to be, the greater the monthly interest rate charged.
Lending is restricted to residential bridging and development finance only, although we will look at commercial development on a case by case basis.
If it is commercial, then all assets will be considered apart from retail.
In January 2020, there is a brand new bridging lender entering the market that will be focusing on Northern Ireland and we will be the sole provider of their loans.
You can read more about the types of loans and mortgages we offer by reading our latest articles: