Residential bridge to let loans | Octopus Property

Residential property finance

Bridge to let loans

0.46
%
from rate (pm)
70
%
max LTV
£
500
k
min loan size
Sometimes people may not be completely confident with their existing refinance arrangements or want the option to retain a property on some longer-term finance once their bridging term has finished. We developed our bridge to let loans following discussions with some of our clients. They told us that while bridging loans are great on ‘day one’, they also wanted extra certainty that when the loan came to end, they would still have the added security of a finance option with us. So, we designed a product that gave them precisely that. Here’s how it works:
The first period of the loan is a bridging loan, without early repayment charges.
This is followed by a fixed term for a set period of time.
The rates are fixed on day one.
No additional underwriting is carried out when the bridging loan finishes, and the term loan begins.
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How we’ve helped our clients
Financing your property portfolio
Why Octopus Property?
Experience
We launched our first ever product in 2009 and we quickly became known for our competitive bridging products. Since then, we have diversified our product range and we are always striving to improve our offering in response to the changing market.
Certainty
Every property is unique and no two borrowers are the same. So we make every loan unique too, designing the product around you, moving fast to meet complex needs.
Personal approach
We are property people, not bankers, and work with an instinctive understanding of the needs of landlords, developers and property investors alike.
Flexibility
Strong funding lines allow us to consider most transactions that are presented to us, while we have the flexibility to work quickly and the range to do deals right across the UK.