There are many reasons to take out a bridging loan. Here’s a few
If you need quick affordable finance to get a property deal over the line fast Wonder Loan can help you with that. With loans starting from 0.40% per month we can provide an offer in principle within 90 minutes of application and then expect funds to hit your account within 7 working days.
Here's a couple of case studies from recent bridging completions.
Owners of a factory and public house in Wigan. They approached WonderLoan, as they had two particular challenges. 1. They had an urgent VAT bill to pay for £175,000. 2. They wanted to purchase a second factory. They had a combined valuation across the 3 sites of £1,6M. They had total debt of £475,000 and they had a total requirement of £875,000. We were able to take a cross charge across the 3 freehold sites and were able to complete the deal in under 3 weeks.Explore More
The owners of a hotel set in 34 acres with river and fishing rights close to Aberdeen in Scotland. The hotel had been a huge success up until the pandemic COVID-19 struck and depleted their profits. Since lockdown has been lifted they’ve seen a surge in bookings and now have a circa 93% occupancy and forward bookings for next 9 months. The hotel is valued at £6M with Bank debt and Overdraft of £2.1M. The owners want to extend the offering and build 18 timber lodges within the grounds alongside the river. They requested £4M which was granted and the deal closed in 5 weeks.Explore More
We specialise in bridging loans which enable you to borrow up to 85% of the value of the property. We have built a team of specialist underwriters that move quickly. Whatever your circumstances, our expert team of specialists are ready to help.Apply now
We understand that being declined for funding can be frustrating, but at Wonder Loan even if you have missed payments or have a CCJ we can help secure the funding you need.Apply now
If you've bought a property at Auction, you can't rely on the high street bank to help, they take way too long. At Wonder Loan we can complete within a matter of days so you will not lose out on your purchase.Apply Now
If you have an urgent HMRC bill you can use a bridging loan to pay the urgent tax demand by securing against a property you own.Apply now
If the high street bank have turned you down for funding. A bridging loan is a fantastic option to secure funding to purchase a property quickly.Apply now
If you're in need of a cash injection to make a purchase for your business, a bridging loan could be a great short term solution to access cash to get your business moving again.Apply now