Non Status Bridging Loans: detailed guide

To date we have arranged a non status bridging loan from start to finish in just 4 days.

Read more about How long does a bridging loan take to complete

Being asset based a lot of these lenders will of course look at the exit, if sale, then the underwrite will be heavily upon the valuation which will consist of confirming the property is either below market value, or there is enough equity in your main residence or other buy to lets to secure against.

Read more about Can I get 100% loan to value on a non status bridging loan?

Underwriting is enhanced for this interest repayment type. The borrower must have a reliable source of income or cash flow to cover these regular interest payments. This method is suitable for borrowers who have good disposable income or other financial resources.

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As bridging finance is a short term loan, they will be heavily underwriting your exit.

Read more about Why are bridging finance lenders more asset focused?

With non status bridging loans we usually see 180 day valuations or 90 day valuations, some might lend on market value but that is uncommon. 180 or 90 day valuations assume they are sold within those periods and can therefore reduce the figure returned.

Read more about What valuation will be instructed on a non status bridging loan?