Santander Bridging Loans Review for 2024

Fixed-sum, Short-Term Finance Solutions from Santander

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Santander has become a household name recognised for trust. Jubilee provides residential and commercial borrowers with a higher confidence level by providing advice, guidance and arranging for short-term finance solutions through our exclusive offerings from select partners.

We can only do this through the huge network of partnerships we’ve established over the years.

We access whole-of-market financing options suitable for short-term borrowing with fast access to funding. When you need large cash boosts fast, a Santander bridging loan is one option to consider among many. It’s affordable, speedy and flexible.

No Commitment Super Quick, Low-Interest Rate Bridging Loans

Cashflow Solutions · Transparent Pricing · Cash Possible Within 1 Working Day · Tailored Finance Options

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High Approval Rates with Santander Bridging Finance

Lending restrictions from high street lenders often mean large loans place time barriers for funds to become available. When you need a residential mortgage product or a commercial loan to invest quickly, it helps to know that where you apply is known for higher lending approvals.

Santander is known for taking a prudent approach to lending risks. It operates a network of 67 corporate business centres, which allows customer relationship managers to work more closely with customers on the front line to identify opportunities, assess risks, and gain a deeper understanding of their needs.

It’s this approach that’s helped the company become the fifth largest UK commercial lender, and put them in a strong position to challenge the big four UK banks:

  1. Barclays
  2. HSBC
  3. Lloyds Banking Group
  4. The Royal Bank of Scotland Group

In 2016, 77% of Santander’s core business was retail mortgage lending, making it the third-largest mortgage provider in the UK.

Residential or Commercial Bridging Loans

Whether you need to bridge a funding gap to buy your dream home or get an advance to pay essential tax bills, buy property at auction, or invest in much-needed operating equipment…

  • Applications can be processed fast.
  • Funds released quickly
  • On flexible repayment terms

What Santander offers through Bridging Finance

  • Borrow between £50,000 and £3,000,000
  • Choose your own repayment terms from 2 months to 3 years
  • High approval rate
  • Do with it what you need to. Secure a property, pay pressing business bills or urgent taxes at risk of penalties
  • The only requirement is that you have equity in any property

Raise funds fast for anything you need to

Santander has you covered for any situation needing fast funding. They allow borrowers to access funds at lightning speed in comparison to other residential mortgage products or commercial loans. Naturally, like any other lender, all loans are subject to approval, during which time, the bridging loan can be used while a longer-term financial solution is assessed.

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In addition to their corporate business centres, they also have a dedicated large sums team, making them of particular interest to property investors, developers and portfolio landlords. The more equity you hold, the more funds can be accessed through a Santander bridging loan. That’s not to say you must deal with the large loans department. They’re more for corporate lending, so if you do require large sums, it is one lender to consider, among a few select others.

As this is a property loan, similar to a mortgage product, it also benefits homeowners. With enough equity in your home, you can trust that the funds raised with a Santander bridging loan will be able to fill the void between buying your dream home and selling your old house.

Santander knows the property market moves fast, so they know they need to act fast to help you. Their core business is, after all, residential mortgage products.

Customer service is paramount. Since this type of short-term financing is primarily geared towards attracting commercial customers, once approved, it opens the door to begin a thriving professional relationship with a firm of solid standing that can extend you a line of credit in the future when needed—based upon how you uphold your account with them. Keep your account in good standing, and financial backing will be available in the future.

As with many bridging loan providers used by property moguls, the relationship between lenders and borrowers is built on trust. It provides a level of surety that whatever or whenever you need short-term financing, you’ve already an established relationship with a lender for short-term financing when the speed of funding is required.

For investors, it’s essential that you start with a good matching finance partner.

How Jubilee Help Get Bridging Loans Approved

  1. We work with an exclusive panel of independent lenders, all experts in the field of bridging loans.
  2. Get access to friendly and actionable advice when you need it.
  3. Before an auction or during it, we’ll be there—not in the room but in contact with you—ensuring you do not overbid and get yourself into a tricky situation. We provide our auction-goers with complete confidence that what they’re bidding on will be able to finance.
  4. Our Santander bridging loan is only one possibility, albeit a very good option for fast turnaround, with funds released within 5 – 7 days on average.
  5. Like all others, though, there’s an approval process. Jubilee helps to ensure that you meet the eligibility criteria before you apply. If you don’t, we can access the whole-of-market products and match the best offer to your personal situation.
  6. Whatever you need a bridging loan, whether, through Santander or another trusted lender, Jubilee can advise and assist.

Bridging Finance From Santander

In 2024, Santander offers competitive bridging finance options for homeowners and property investors, providing up to 75% LTV (loan to value). Bridging loans are designed to cover short-term financial needs and can be an effective solution for those looking to purchase a new property before selling their current one. This article explores Santander bridging loans and compares them with other financial products to help you make an informed decision.

Understanding Bridging Loans

Bridging loans are short-term loans intended to bridge the gap between buying a new property and selling an existing one. They offer quick access to funds but often come with higher interest rates and fees compared to long-term financing options.

Benefits of Santander Bridging Loans

  • Quick Access to Funds: Bridging loans can be arranged swiftly, often within a few days, providing the necessary funds for urgent property transactions.
  • Flexible Terms: These loans are designed to be short-term, usually lasting from a few weeks to a few months, with flexibility in repayment options.
  • High Loan to Value: Santander offers bridging loans up to 75% LTV, allowing borrowers to access significant capital based on the value of their property.

Interest Rates and Loan to Value Ratios for Bridging Loans

Interest rates for bridging loans vary depending on the lender and the borrower’s credit profile. Loan to value (LTV) ratios are crucial in determining the terms of the loan. Below is a table comparing Santander bridging finance with other typical secured loan products.

Loan ProductInterest RateLTV Ratio
Santander Bridging Loan5.5%75%
Secured Loan4.0%80%
Personal Loan5.5%70%

Exploring Other Loan Options

In addition to bridging loans, there are several other loan options available for those with various financial needs, including those with bad credit.

Personal Loan 25000

For significant financial needs, a 25k loans can provide the necessary funds to cover substantial expenses or consolidate multiple debts.

Borrow £50000

For larger sums, a loan 50k offers a substantial amount of capital that can be used for various purposes, including debt consolidation and major purchases.

Secured Loan Brokers

Utilising a broker like online secured loans can help you find the best secured loan products available. Brokers have access to a range of lenders and can provide tailored recommendations.

Loans Bad Credit Instant Decision

For urgent financial needs, loan for bad credit instant decision provides quick access to funds. Although these loans may have higher interest rates, they offer the convenience of immediate approval.

Secured Loans Direct Lenders

Working directly with lenders can sometimes yield better terms. Secured loan direct lender options are available for those with poor credit histories.

Secured Loan for Bad Credit UK

Even with a less-than-perfect credit score, homeowners can explore secured loans bad credit uk. These loans use home equity as collateral, providing better terms than unsecured loans.

Debt Consolidation Options

Secured loans can also be used to consolidate debt, simplify repayment schedules, and potentially reduce overall interest payments.

Secured Homeowner Debt Consolidation Loan Calculator

Using a personal 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.

Homeowner Consolidation Loans

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 debt consolidation loans for more information.

Consolidation Loans for Credit Cards

Credit card debt often carries high interest rates, making it a prime candidate for consolidation. Using a consolidate credit card loan to pay off credit cards can significantly reduce the interest paid and simplify repayment.

Best Debt Consolidation Company

Finding the best loans for debt consolidation 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.

Darlington Building Society Remortgage Consolidate Debt

Darlington Building Society offers is it a good idea to remortgage to pay off debt options. This can be a practical solution for homeowners looking to restructure their debt using home equity.

Can You Get a Mortgage with Bad Credit?

For those with poor credit, securing a mortgage can be challenging. However, options are available with bad credit remortgages. Working with specialists can help find suitable products even with a less-than-perfect credit score.

Practical Tips for Homeowners and Property Investors

Both homeowners and property investors 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 bridging finance and secured loans from Santander, homeowners and property investors can find effective solutions for managing their financial needs, leading to improved financial stability and peace of mind.