Reports from the market are that securing a bridging loan is becoming harder, with lenders asking more questions and considering each application with more scrutiny.
While both light and heavy refurbishment bridging loans offer valuable solutions for property developers and investors in the UK, they cater to different project scales and complexities.
In today’s challenging market, investors are finding better opportunities for strong yields in the commercial property sector. Brokers worth their salt will be helping their clients source commercial bridging finance by partnering with a lender who has both the appetite and track record in commercial lending, while also doing their bit to keep local high streets alive.
For financing an HMO conversion, bridging loans can be the ideal solution, covering the purchase and conversion costs, before switching to a specialist buy-to-let term loan.
