SHORT TERM LOANS

Crystal Specialist Finance specialises in providing short-term bridging loans. We won’t be beaten when it comes to short-term loans and bridging finance. The products our panel of lenders offer are comprehensive, covering a range of terms, circumstances and property types.

Bridging finance can generally be arranged quicker than a normal mortgage and can be secured on properties that may not be eligible for traditional mortgage finance.

WHY USE A BRIDGING LOAN?

Clients who are looking for a Bridging Loan can use them for a variety of purposes. Efficient, effective and quick, we have Bridging Loans available to individuals, sole traders, partnerships and limited companies. We can offer products that can cover:

  • Auction Purchase (quick completion time frames)
  • Chain Break (bridging the gap between purchases – expected or not)
  • Light/Heavy Refurbishment (small / large renovation works)
  • Development Loans (smaller development projects)
  • Below Market Value Purchase (discounted purchases)
  • Capital Raise (for almost any purpose)

DEVELOPMENT EXIT FINANCE

This product is perfect for developers who wish to release equity in a completed project prior to a sale having taken place.  This allows people to refinance a development facility before it comes to the end of the term with the added bonus of enabling some much needed cashflow to jump on to their next project as soon as possible.  With terms up to a maximum of 12 months, our clients have time to achieve the asking price they want and therefore maximise the profit on the scheme.

HIGHLIGHTS

  • LTV up to 80% / LTP up to 100%
  • Interest roll-up available
  • Terms from 1 – 36 months
  • Loans from £10,000 (no maximum)
  • All circumstances considered
  • Residential or commercial
  • FCA reg available
  • Nil exit fee
  • First, second or third charge
  • Re-bridging available

"The bridging market in the UK continues to perform well, and Crystal has a well-established position in the sector"

David Parke – Head of Commercial Finance

CASE STUDIES

A Speedy Re-Bridge

CRYSTAL SPECIALIST FINANCE COMPLETES RE-BRIDGE IN JUST 4 DAYS A broker came to us with a client who needed a bridging loan to be completed quickly in order to repay a previous bridging loan that was coming up to term soon. The Property comprised of a recently converted 12 Bed HMO that would be fully...

Bridge Secured Despite Complex Estate Inheritance Issues

CRYSTAL SPECIALIST FINANCE SECURES PRECISE MORTGAGES’ BRIDGE DESPITE COMPLEX ESTATE INHERITANCE ISSUES Crystal Specialist Finance (CSF) used all their expertise to overcome a myriad of inheritance issues and secure a second charge bridge for a client needing finance for light refurbishment and moving costs. The applicant’s father recently passed away and she took state administration...

Ireland-based Ex-Pat Refurbishment

IRELAND-BASED EX-PAT KEEPS UK FAMILY HOME REDEVELOPMENT ON TRACK WITH CRYSTAL SPECIALIST FINANCE There was no luck needed for a mother and daughter in the Republic of Ireland who required a solution to finish development of the old family home in Surrey, thanks to Crystal Specialist Finance (CSF). At the outset the daughter contacted her...

£5.4m Ex-pat Re-bridge in 15 days

CRYSTAL SPECIALIST FINANCE COMPLETES £5.4M EXPAT REBRIDGE IN 15 DAYS An ex-pat borrower has boosted the value of a luxury apartment in central London after completing a £5.4million re-bridge with Crystal Specialist Finance (CSF). The Monaco-based businessman required the funds to clear an existing £5m bridging loan, with the remainder paying for a substantial refurbishment...

Commercial Bridging Loan

MAXIMUM NET ADVANCE, MINIMUM COST One of our brokers contacted us to help him arrange a commercial loan for a client who had been let down by a lender at the last minute. The client needed the loan to repay an investor who lent him the funds to buy six retail units at an auction....

Bridge-to-let

COMPLETING A PRECISE 'BRIDGE'-TO-LET IN JUST 17 DAYS Crystal Specialist Finance recently finalised a Precise Mortgages’ Bridge-to-Let product case, completing the application from start-to-finish in just 17 working days. The product is designed to help landlords maximise rental yields by refurbishing the target property before they rent it out, bringing together the flexibility of bridging...

Forward funded

REFURB TO LET Crystal utilised an 85% LTV bridge from Shawbrook Bank to ensure a property developer covered both property and build costs on his latest profitable venture. The house cost £75k, but with detailed inspection of the build schedule and a floor drawing which allowed the surveyors to estimate a final worth of circa...

Most difficult case in company history

NURSING HOME INCORRECTLY VALUED AS A RESIDENTIAL PROPERTY Crystal Specialist Finance (CSF) has completed “the most difficult case in company history”, securing a £1.7m mortgage on a new-start Surrey-based nursing home incorrectly valued as residential property two years’ previously. The five partners purchased the property for £2.4m in November 2016, using a £1.4m bridge based...