Arbuthnot Specialist Finance Bridging Loans

 

Who are Arbuthnot Specialist Finance (ASFL) and what do they do?

Arbuthnot Specialist Finance (ASFL) is the short-term property finance arm of Arbuthnot Latham, a private and commercial bank serving clients since 1833.

The Arbuthnot Specialist Finance team provides real estate finance solutions for transactional, refurbishment and development projects in England, mainland Scotland and Wales.

This client-focused property financing service aims to build long-term relationships with clients and introducers, bringing Arbuthnot Latham’s relationship-led service to the specialist finance market.

Do Arbuthnot Specialist Finance (ASFL) offer bridging loans?

Yes, Arbuthnot Specialist Finance (ASFL) offer bridging loans.

What do Arbuthnot Specialist Finance (ASFL)’s interest rates look like on bridging finance? 

Since we prefer to tailor our facilities to a client’s specific needs, our products do not have a set price based on LTV.

Instead, we look at the whole deal and aim to offer a competitive price reflecting the overall risk.

You can be assured of:

  • No default fees/interest
  • No extension fees
  • No early repayment charges
  • No exit fees
  • No minimum interest period fees
  • No non-utilisation fees

We only charge interest on the amount of debt outstanding at any time, making it easy for you to understand the total cost of the facility.

What do I need to get a bridging loan with Arbuthnot Specialist Finance (ASFL)?

 

  • Clients over the age of 18 with an acceptable credit history*.
  • Appropriate track record in property transactions and an understanding of the legal requirements relating to the sector. We will consider less experienced property developers, supported by strong management and construction teams.
  • Our facilities are bilateral transactions secured against property in England, Wales, and mainland Scotland.
  • Borrowers with simple and transparent corporate structures domiciled in the UK, Isle of Man and Channel Islands are preferred.
  • All facilities are supported by a security package including a debenture, first legal charge over the property(ies) and personal recourse to the main stakeholders/sponsors.

*Contact us for more information

How do I apply and how easy is the process?

If you want to find out more about how we can help you achieve your real estate goals using the financing we provide, please do get in touch [email protected].

To help property professionals with their application for securing a refurbishment or development loan with ASFL, we have created a series of checklists which can be accessed below:

 

How long does the application process take and when do I get the money?

Whilst it is dependent on product time and size of loan, we can give an initial indication of appetite and pricing within 24 hours of receipt of an enquiry.

We always try and work to the borrowers’ timescales whether that be the time critical confines of an auction purchase, or the longer timescales involved in a more complex development loan

Does Arbuthnot Specialist Finance do any specialist bridging options for things like property, business, etc?

Residential Investment Product

For borrowers in need of finance to purchase or refinance residential investment properties, HMOs, or land with planning approval for residential development.

Light Refurbishment

Covers light refurbishment projects where there is a structure in place and the client is working within that structure to refurbish and/or convert to enhance value.

Heavy Refurbishment & Conversion

Covers PDR and planning permission-led projects, including extensions to residential properties and property conversions.

Development Product

Designed to fund more complex construction projects such as ground-up developments and larger permitted development schemes, including change of use of larger commercial property into multiple residential units.

What are the pros and/or cons of a bridging loan with Arbuthnot Specialist Finance?

We only charge interest on the amount of debt outstanding at any time, making it easy for you to understand the total cost of the facility.

You can be assured of:

  • No default fees/interest
  • No extension fees
  • No early repayment charges
  • No exit fees
  • No minimum interest period fees
  • No non-utilisation fees

Bridge financing can also be more expensive than other forms of lending as independent bridge lenders typically have an external credit line which is used to provide loans to clients.

But lenders such as ASFL who are part of a bank do not need to rely on an external credit line, reducing the extra cost passed on to the borrower.