CBILS Bridging Loans at Net 75% LTV!
75% Net LTV Bridging Finance is available through the CBILS Scheme. One of our panel lenders is offering bridging loans through the Government backed CBILS Scheme.
What is CBILS? It is a government initiative to help UK small businesses affected by coronavirus access finance. You can access up to £5m (although up to £2.5m with this lender) and the government guarantees 80% of the loan and pays the lenders arrangement fee and interest for the year.
The details for the CBILS Bridging Loans are:
Conditions: Refinances only, no purchases.
Associated Fees: Lenders arrangement fee and interest are paid by the Government.
Loan Size: £100k - £2.5m.
Term: Up to 12 months.
LTV: Net 75% Loan to Value, 1st charge only.
Areas: England, Scotland and Wales.
No personal guarantees below £250k.
This CBILS Bridging Facility goes live tomorrow and finishes in September, so get your enquiries in today!
If you would like to register your interest in the CBILS Bridging Loan, please click here.