Funding your next project
A development loan is a short-term loan to buy land or building that require development. The cash advance can be used to cover development application, a pre-construction costs or conversions. Traditional mortgage is not appropriate in this instance and specialist finance option required. Glade Financial can help obtain development loans for your next project.
A commercial or semi-commercial mortgage typically allows to purchase investment properties or to refinance existing properties and portfolios. We offer help in acquiring a finance even in complex cases, including serviced offices and multi-lets on licence. Our commercial and semi-commercial mortgages are available to individuals and limited companies.
Second Charge Loans
Second charge loan is a homeowner loan, secured on property, that is separate to an existing mortgage. This type of loan can be shorter term than a mortgage, would be provided by a different finance provider and can be used for variety of reasons, from debt consolidation to home improvement and extensions. This loan is only available if you have enough equity in the property and are able to pay both monthly payments.
A bridge loan is a short-term loan while you await long-term financing, it allows you to purchase a new home before you sell your existing property. Don’t lose out on the new property when the sell of your existing one is being delayed. Bridge loan tends to be an interest only loan, with either monthly payments or one-off fee. Bridge loans can be open or closed – open bridge loan will not have end date, but it will be up to 12 months. Closed bridge loan will have a set term, e.g. 3 months.
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Your property may be repossessed if you do not keep up repayments on your mortgage. We charge fee only if you will go ahead with our services. Our charges will depend on your circumstances.