When looking for commercial loans or bridging finance for an office, warehouse, shop, or plot of land, Jubilee is available to meet your financial needs.
We specialise in financing many types of commercial properties and allow borrowers to use either properties owned or properties for purchase as security.
What We Can Offer
We are able to arrange both bridging and short-term loan opportunities by working with a panel of impaired and clean credit lenders as well as an exclusive group of bespoke and private lenders. When traditional banks hesitate to fund unusual projects, Jubilee can secure the funding you need.
Versatility Is Key
Commercial and bridging loans arranged through us can be utilised for various purposes as long as they relate to commercial property and are used for legal purposes. Bridging loans usually range from £25,000 to £25 million, covering most requests, although a higher amount can be arranged if necessary.
Jubilee can assist clients in securing commercial loans to help with a cash flow injection to purchase machinery, stock, or handle tax bills. Bridging loans can also be used to pay off overdraft fees, clear Company Voluntary Arrangements, and discharge bankruptcy.
Jubilee Offers Flexible Development Financing
Development Finance can help both residential and commercial property development. These projects can be conversions to multiple occupancies or complete new builds. Jubilee can help developers fund their projects from the purchase of the land through the final phase of construction.
Additionally, we can help property owners access the funds tied into their property through equity or cash. When this is the case, a bridging loan may be a viable solution—the lenders who work with us can offer 80 per cent of the property’s loan to value and make funds available in as little as 24 hours.
Jubilee is also available to help professional developers purchase property at auction. Generally, when purchasing at auction, the auction house requires 10 per cent of the total sale to be paid upfront and the remaining balance to be paid off in less than a month.
Based on this timeline, traditional mortgages for properties bought at auction are often not an option. Although this may seem like very short notice, Jubilee can arrange the funding the auctiongoers need quickly. This funding is usually in the form of a bridging loan, which will help purchase until a long-term loan can be arranged.
We are also able to arrange financing for applicants with credit issues. While financing is available, it is important to remember that applicants with poor credit will often pay more in interest payments than the average applicant.
Luckily, Jubilee’s panel of lenders makes approval decisions on a case-to-case basis rather than using a computer-generated system. This means that lenders are more flexible and willing to work with borrowers who have credit problems, which can greatly assist in rebuilding credit and securing better financing options in the future.
Funding Residential Projects with Jubilee
Bridging loans can also be arranged for all types of residential properties as long as they are brick-and-mortar. The security required for this type of financing is either a property currently owned by the applicant or the property intended to be purchased.
Financing can be arranged whether the applicant intends to live at the property or use it as an investment. Jubilee can also arrange funding for refurbishments, which are immensely helpful when the purchased property does not meet the minimum living standards and needs construction.
When borrowing becomes unsustainable
Suppose you have taken out personal loans and credit cards for property projects that have gone wrong. In that case, it may be time to get a haircut on the debts, fairly and legally with the help of a professional insolvency practitioner. An IVA scheme could be an ideal way to pay your unsecured creditors all you can afford and not a penny more, saving costs for all parties.
We Are Known For Flexibility
Jubilee offers applicants and clients a simple, flexible bridging loan application that does not require the traditional mortgage criteria or information. Applicants can be submitted for any purpose and are secured on either a commercial, semi-commercial, or residential property – it is even possible to secure a bridging loan using a plot of land owned by the applicant.
Once we receive an application, it is quickly reviewed, and a Decision in Principle, or DIP, is given within one hour. Once the DIP and other terms are agreed upon, Jubilee will also assist applicants in completing the forms.
When the application process is complete, a chartered surveyor will be sent to the property to determine its value.
When this valuation is satisfactory, solicitors must complete the loan application. A bridging loan can be finalised, from application through completion, in as little as 24 hours—this is a fast turnaround compared to the three to five-business-day application processes of most traditional loans.
When you are in need of financing for your commercial or residential project, Jubilee is here to help.
Homeowners Could Use Home Equity and Secured Loans as an Alternative to Bridging Finance
Bridging loans have often been the go-to option for homeowners looking to manage financial transitions. However, leveraging home equity through secured loans presents a compelling alternative. This guide explores how secured loans can serve as an effective substitute for bridging finance, providing insights into various loan options available for homeowners.
Understanding Bridging Loans and Their Alternatives
Bridging loans are short-term financing solutions used to “bridge” the gap between selling one property and purchasing another. While they offer quick access to funds, they come with high interest rates and fees. Secured loans, on the other hand, can provide similar benefits with potentially lower costs and longer repayment terms.
Benefits of Using Secured Loans
- Lower Interest Rates: Secured loans typically offer lower interest rates compared to bridging loans due to the reduced risk for lenders.
- Longer Repayment Terms: These loans often come with more extended repayment periods, making monthly payments more manageable.
- Higher Borrowing Limits: Homeowners can often borrow larger amounts, leveraging their home equity.
Exploring Loan Options for Homeowners
Homeowners can choose from a variety of secured loan products tailored to different financial needs and credit profiles.
25k Personal Loan
For substantial financial needs, a 25000 personal loan can provide the necessary funds to cover significant expenses or consolidate multiple debts.
Buckinghamshire Building Society 50k Loans UK
Buckinghamshire Building Society offers a loan for 50000, which can be an excellent option for homeowners looking to leverage a larger amount of equity from their home.
MBS Lending Brokers Loans
Utilising a broker like brokers loan from MBS Lending can help homeowners find the best secured loan products available. Brokers have access to a range of lenders and can provide tailored recommendations.
Quick Secured Loans
For urgent financial needs, bad credit loans instant decision provide quick access to funds. Although these loans may have higher interest rates, they offer the convenience of immediate approval.
Homeowner Loans Bad Credit Direct Lender
Working directly with lenders can sometimes yield better terms. Homeowner loans bad credit direct lender options are available for those with poor credit histories.
Secured Loans with Poor Credit
Even with a less-than-perfect credit score, homeowners can explore bad credit secured loans uk. These loans use home equity as collateral, providing better terms than unsecured loans.
Consolidating Debt with Secured Loans
Secured loans can also be used to consolidate debt, simplify repayment schedules, and potentially reduce overall interest payments.
Consolidation Loan Calculator UK
Using a loan consolidation calculator helps homeowners understand their repayment options and potential savings. This tool provides a clear picture of how consolidating debt can simplify financial management.
Debt Consolidation Secured Loan
Secured loans are a popular choice for debt consolidation. By consolidating debts into one loan, homeowners can streamline their finances and potentially lower their monthly payments. Explore secured loan debt consolidation options for more information.
Loan to Consolidate Credit Cards
Credit card debt often carries high interest rates, making it a prime candidate for consolidation. Using a consolidation credit card loan to pay off credit cards can significantly reduce the interest paid and simplify repayment.
Best Consolidation Loan Rates
Finding the best loan consolidation rates requires research and comparison. Look for loans with favourable terms and rates that suit your financial needs.
Remortgaging to Manage Debt
Remortgaging involves replacing an existing mortgage with a new one, often with better terms. This strategy can also be used to release equity for debt consolidation, providing an opportunity to manage debt more effectively.
MBS Lending Remortgage House to Pay Off Debts
MBS Lending offers remortgage for debt consolidation options. This can be a practical solution for homeowners looking to restructure their debt using home equity.
Kensington Mortgages Mortgage Low Credit Score
For those with poor credit, securing a mortgage can be challenging. However, options are available to remortgages for bad credit. Working with specialists can help find suitable products even with a less-than-perfect credit score.
Understanding Interest Rates and Loan to Value Ratios
Interest rates and loan to value (LTV) ratios are critical factors in determining the cost and feasibility of secured loans.
Interest Rates and LTV Ratios
Interest rates typically increase as the LTV ratio increases, reflecting the higher risk to the lender. Understanding these dynamics can help homeowners make informed decisions.
| Loan Product | Interest Rate | LTV Ratio |
|---|---|---|
| 10k loan over 5 years | 4.0% | 80% |
| 25000 | 4.5% | 85% |
| loan for 50000 | 5.0% | 90% |
Practical Tips for Homeowners
Homeowners can benefit from understanding the options available and taking proactive steps to manage their finances.
- Regularly review and improve your credit score to access better loan terms.
- Use online calculators and tools to plan and understand your financial options.
- Consider professional financial advice to navigate complex loan agreements.
By leveraging secured loans and home equity, homeowners can find effective alternatives to bridging finance, leading to improved financial stability and peace of mind.