Short Term Lending (aka Bridging Finance) 

H D Consultants is a professional commercial finance broker and we have access to a wide range of mainstream, high street and specialist lenders enabling us to secure the most appropriate Commercial Mortgage or Short term Lending requirement, to suit your needs. 
 
As members of the Association of Bridging Professionals, we adhere to a strict code of conduct and professional standards, and via our membership have access to a wide range of finance professionals to assist with your enquiry.  
 
We are also Full Members of the National Association of Commercial Finance Brokers (NACFB), too, so our reach to market of regulated and non regulated lenders is exceptional. We can provide our Clients with even further access to market via a range of specialist 'packagers' who also offer exclusive commercial and short term lending strategies and deals, too, which are only offered to members of the NACFB. 
 
We have been able to assist with finance where others can’t, and our brokerage model is built around successful completion of your application.  
 
Is Short Term Lending Finance (née a Bridging Loan) Expensive? 
 
Now, for people who have not properly looked at these brilliant financial tools for a long time, the long held view that short term lending is expensive is quite entrenched in their mind. 
 
Although historically people have indeed thought of bridging finance to be expensive, it is currently possible to arrange a loan for 0.65% per month, and if the borrower only wanted it for 3 months, so that’s a total interest rate charge of 1.95% - is that expensive?” 
 
Yes, via one of the UK's leading lenders, we have access to the UK’s best value short term lending rates starting from 0.65% per month. 
 
We have access to a wide range of specialist lenders who can offer a bespoke short term lending strategy, for when you need funds quickly and on a short-term basis, in fact anything up to 24 months (although the vast majority are for 9 months or less). 
 
What can short term lending be used for?  
 
Loads of valid reasons including ...... 
 
If you have not yet sold your existing property, or perhaps the chain has broken down and you lost your buyer and you need to secure your new home, a bridging loan can be arranged to ‘bridge’ the gap. You simply repay the short term lending account when your current property is sold. 
Auction Purchase – Can you arrange a mortgage within the auction house’s 28 days deadline? A short term finance product can be arranged quickly to enable you to complete on time. After the property has been bought, a standard mortgage can then be obtained in order to refinance and repay the bridging loan. This is known as arranging the ‘exit strategy’ and is a fundamental part of the planning process. 
 
Property in need of refurbishment – some properties are ‘uninhabitable’ ie without kitchen, bathroom, central heating, electrical works, new windows etc. A mortgage lender will not usually lend until the works have been completed. So, one option is to arrange a short term lending deal to buy the property and then when the work is complete, the property can either be refinanced to a traditional style mortgage or it could be sold, to repay the initial finance. 
 
Other costs to note - valuation fees and legal fees are usually required upfront. Also, most lenders will charge an arrangement fee of somewhere between 1 – 2% of the gross loan advance. This is usually deducted from the loan advance on completion and the net sum is released – so it is essential to plan the figures correctly. Usually there are no redemption or exit fees but your Broker will confirm all of these specific details for you. 
 
If you would like to see how we could help you too, please complete our online enquiry form and a specialist Short Term Lending Broker from our team will call you back to discuss your specific requirements. 
 
Why work with anyone else other than the H D Consultants' Commercial Mortgage and Short term Lending Team? 
 
Your property may be repossessed if you do not keep up repayments on your mortgage. 
Contact us to discuss your short term lending requirements. 
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Please note: HD CONSULTANTS ARE NOT AUTHORISED VIA PERSONAL TOUCH FINANCIAL SERVICES LTD TO PROVIDE COMMERCIAL MORTGAGE ADVICE. THE COMMERCIAL MORTGAGE ADVICE TEAM HOLDS SEPARATE PROFESSIONAL INDEMNITY INSURANCE ARRANGED VIA THE TOWERGATE / THE NATIONAL ASSOCIATION OF COMMERCIAL FINANCE BROKERS (NACFB)