Loan criteria

The following facts and conditions apply to Netloans' bridging loans:

• The property you secure the loan on must be in the UK.
• The loan must be a First or Second Charge.
• You will be able to get interest rates from 1.25%.
• The term of the loan can range from 1 to 12 months.
• The minimum size of the loan is £30,000.
• The maximum size of the loan is £10 million.
• Netloans require no upfront processing or administration fees.
• Bridging loans are available for both individuals and companies.
• Up to 75% loan-to-value on commercial loans.
• Up to 80% for Residential Closed Bridging Loans.
• With additional security or collateral we will consider providing up to 100% of the loan-to-value rate on commercial properties.
• Property valuation is based on the market value of a property, not on the purchase price.
• A site earmarked for development can be used as security on a bridging loan provided that it has planning permission or other official agreement of development.

Given certain criteria, such as additional security, we will consider loans of up to 100% of the value of the primary secured property. We lend against Market Value irrespective of the purchase price of a property. We will lend on development sites with Outline Planning permission or proven zoning agreement.