Bridge Help Bridging Loans
Who are Bridge Help and what do they do?
Bridge Help is a bridging finance company that provides loans, secured against commercial and Buy-to-Let residential property or land with planning throughout England and Wales. It is one of the fastest growing bridging finance companies in the UK and has ambitions to have a £100million loan book by 2023.
Bridge Help was established in 2017 by solicitor Chris Sellars together with partners Andrew Parker and Sam Wood, experts in property development and finance respectively.
It is the very skills and experience of Chris, Andrew and Sam that sets Bridge Help apart in the bridging finance marketplace. Together, they understand every aspect and perspective of a bridging loan application. It is this knowledge and experience that enables Bridge Help to find solutions and lend money where other lenders will not.
This knowledge and experience extends to its trusted team of employees, national network of valuers and a partnership with property solicitors, Mason Thomas Law. They share the company’s commitment to finding solutions and doing things properly and quickly; a key reason why Bridge Help is considered a specialist in complex loan deals. Bridge Help’s complete in-house solution also means it can act swiftly and decisively. If there’s a solution, the Bridge Help team will do its best to find it.
Do Bridge Help offer bridging loans?
Bridge Help specialises in bridging finance. It offers bridging loans of between £150,000 – £3million on up to 75% of the Open Market Value (OMV) – for commercial, semi-commercial and residential (Buy-to-Let) properties as well as land with planning. We also offer refinance for loans with existing lenders and litigation finance.
What do Bridge Help’s interest rates look like on bridging finance?
Bridge Help’s interest rates are comparable across the marketplace. However, where Bridge Help really stands out is when it comes to the final repayment amount. The fact there are no hidden fees in its facility agreements or commitment fees involved, makes Bridge Help very competitive on all the loan products it offers.
What do I need to get a bridging loan with bridge Help?
First and foremost, you need commercial or Buy-to-Let residential property or land with planning to secure a bridging loan with Bridge Help. The company will lend up to 75% of the Open Market Value (OMV).
How do I apply and how easy is the process?
You can apply directly online at https://bridgehelp.co.uk/applications/ or you can get in touch with Bridge Help and a member of its Business Development Team will guide you through the application process personally.
Bridge Help aims to make the process as straightforward as possible. The fact it has its own dedicated legal and valuer teams helps ensure the process is streamlined and as quick as possible. Bridge Help’s own in-house underwriters also ensures decisions are made quickly and funds released as soon as possible.
How long does the application process take and when do I get the money?
Having its own dedicated legal and valuation teams, coupled with the fact all lending decisions are made in-house and all funds come directly from Bridge Help, significantly speeds up the lending process which means the whole process can take as little as days.
Communication and being open and upfront is key in any application process. If a borrower neglects to tell Bridge Help something at the application stage and it is revealed as part of its underwriting and due diligence this can delay the process. Be open with Bridge Help from the offset. The company always look for ways to do the deal.
Does Bridge Help do any specialist bridging options for things like property, business, etc?
Because of the legal, investment and real estate backgrounds of Bridge Help’s founders, the company specialises in complex deals. It can offer funding solutions where other short-term finance providers would not. Litigation finance is an excellent example of this. The legal background of Bridge Help’s CEO Chris Sellars, who is a solicitor, meant Bridge Help was able to look beyond the numbers and see a deal worth doing and enable a client to fight and win a high profile court case recently. Bridge Help not only agreed to finance the court case with a litigation-based loan, but also provided valuable advice throughout which helped bring about a swift and successful conclusion to the legal battle.
What are the pros and/or cons of a bridging loan with Bridge Help?
In 2021 Bridge Help rebranded the business. As part of the rebranding exercise, it looked closely at the business to understand what sets it apart in the marketplace. That process revealed that:
- Bridge Help is an entirely bespoke lender. They take the time to listen to the client and understand the transaction.
- The company specialises in complex deals and will seek to find a solution wherever possible.
- There are no hidden fees in its facility agreements
- In-house underwriting together with specialist valuer and legal teams enable Bridge Help to act quickly
- There are no commitment fees involved
- Bridge Help’s own people, not computers, make all the lending decisions resulting in a faster process. Every loan application is assessed individually by its own in-house decision-makers
- Its people – They work as a team at every stage of the process resulting in a straightforward, smooth journey for borrowers.