1. The purpose of the loan: What will the loan be used for? Is it to purchase a property, refurbish a property, or develop a property?
2. What is the purpose of the loan: Will the property be owner occupied or will it be rented out (investment) or part rented and part owner occupied?
3. The amount of the loan: How much money do you need? The amount of the loan will depend on the purpose of the loan and the value of the property.
4. The term of the loan: How long will you need the loan for? The term of the loan will depend on the purpose of the loan and the borrower’s cash flow.
5. The interest rate: What is the interest rate on the loan? The interest rate will depend on the lender, the borrower’s credit score, and the security offered.
6. The fees: What are the fees associated with the loan? The fees will vary depending on the lender.
7. The security: What security will be offered for the loan? The security will typically be the property being purchased, refinanced or developed.
8. The borrower’s financial situation: The lender will assess the borrower’s financial situation to determine their ability to repay the loan.
9. The lender’s requirements: The lender will have their own requirements for borrowers, such as a minimum credit score or a maximum loan-to-value ratio.
10. The risks of commercial bridging loans: Commercial bridging loans are a high-risk type of loan, so it is important to understand the risks before taking out a loan.

It is important to speak to a Giles Finance on 0208 088 2211 before taking out a commercial bridging loan.
Our financial advisors can help you to understand the risks and benefits of different types of loans and can help you to choose the right loan for your needs.

Written by: Giles Finance
Dated: 10 August 2022