Main Menu Button
Login

Commercial Bridging Loans

Your bank may offer 100’s of products and plans.
Promise Money has over 10,000

Why choose us?

Your bank may have 100’s of bridging loan plans – we have over 10,000!

Plus, we have…

  • 30 years of experience
  • Experts at finding low rates and solving problems
  • Friendly and fast advice

Promise Money have bridging loan plans available for everyone, including those with credit issues…

Using one of the most comprehensive bridging loan panels in the UK, we can search for the best deal for you.


About Commercial Bridging Loans

When it comes to commercial and business finance there is no standard template and no magic formula. Every application is different and the key is to make sure we understand what you want to achieve.

What is Commercial Bridging?

In many businesses operating in the bridging and commercial markets, they often seem to view these two products virtually as one and the same, to the point where a customer may get confused about the distinction between the two.

  • A commercial mortgage is a mortgage taken out within the course of a business i.e:
    • Instead of offering their home as collateral, they are instead offering their business premises or property owned by the business.
    • Instead of the purpose being for personal use, the loan is intended solely for business purposes.
  • Commercial Bridging loans are also often secured on commercial premises but on a short-term bridging basis i.e. the loan is taken out for 1 to 2 years maximum.

    Find a bridging loan

    Enter some details and we’ll compare thousands of loan plans – this will NOT affect your credit rating.

    How much you would like to borrow?

    £

    Type directly into the box for larger amounts

    For how long?

    mnths

    Use the slider or type into the box

    Do you own property in the UK?

    About you...

    Your name:

    Your forename:

    Your surname:

    Your email address:

    Your phone number:


    By submitting any information to us, you are confirming you have read and understood the Data Protection & Privacy Policy.

    2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:

    Mortgages and Remortgages

    Representative example

    £80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker / processing fee and £125 application fee. Total repayable £119,873.

    Secured / Second Charge Loans

    Representative example

    £63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.

    Unsecured Loans

    Representative example

    £4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.


    THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

    REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.


    If you have been introduced to Promise Money by a third party / affiliate, Promise may pay them a share of any fees or commission it earns. Written terms available on request. Loans are subject to affordability status and available to UK residents aged 18 or over. Promise Money is a trading style of Promise Solutions Ltd. Promise Solutions is a broker offering products which represent the whole of the specialist second mortgage market and is authorised and regulated by the Financial Conduct Authority – Number 681423.

    Share This Page