Welcome to Fox Davidson Commercial Finance we are a bridging finance broker in the South West of the UK with offices in Bristol and Bath.
We work with clients across the world to secure market leading finance terms on property and land in the UK. We are an independent commercial finance broker and have access to the entire bridging market. We secure finance for clients from £200,000 and up to £100 Million.
Property we secure bridging finance on:
- FCA regulated bridging finance on your main residence
- Country property with outbuildings and large acreage
- Agricultural land including farms
- Light and Heavy Industrial
- Health care sector property including care homes and day nursery’s
What are the typical bridging finance terms?
Typically, lenders will charge a monthly interest rate from 0.4% to 1.2%. The bridging lender will charge an arrangement fee from 1 to 2% and in some cases will charge a fee on exit of 1 to 2%. You will also need to pay a valuation fee solicitors costs.
How much does a bridging finance broker charge?
A bridging finance broker can charge anything from nothing up to a few percent of the loan amount. At Fox Davidson we are a fee free bridging finance broker. If the lender will pay us at least 1% we will not charge a broker fee for advising on and arranging the bridging finance.
What are the benefits of using a broker?
There are several benefits of using a bridging finance broker. When considering which lender to place a client with we need to assess the lending requirements of that client. Bridging finance lenders have criteria regarding geographical locations, property types, the type of client, income requirements minimum and maximum loan sizes and more.
A decent bridging loan broker worth their salt will know quite quickly following the initial enquiry which lenders are going to lend to you. It will then be a case of discussing the case with the lender and firming up on the terms.
A bridging finance broker therefore will save you time by going to the right lender first time, they will also save you money as they have access to and knowledge of the whole of the market and they know which lenders will be able to meet your timescales as bridging is often needed much quicker than a more traditional mortgage.
To discuss your requirements with a broker, please contact us.