About Lloyds Bank Bridging Loans
Lloyds Bank offers only residential bridging loans at the moment.
Lloyds Bank offers a bridging loan as part of their Specialist Lending service, catering to individuals with unique borrowing needs. Whether you’re looking to finance a property purchase, fund home renovations, or bridge financial gaps between property transactions, Lloyds Bank bridging loan provides a flexible financing solution.
If you’re seeking whole of market access to the UK’s bridging finance sector, try Business Expert’s easy and free quote service. This won’t cost you a penny and comes with no obligation.
Compare market-leading bridging loan quotes with no obligation
- Loans from £20,000 to £30m plus
- Max 75% LTV first charge 70% second charge
- Secured on Residential and Commercial property
- Adverse credit considered
- Both Regulated and Non-Regulated Bridging Loans
Lloyds Bridging Loans are Available Through Their Private Bank
If you’re a member of Lloyds Private Bank, their specialist bridging service is available only for a break in the property chain.
They also require a minimum of £250,000 in equity or your bank account as collateral.
Open or Closed Bridging Loans with Lloyds Bank
Lloyds Private Banking offer bridging loans on an open or closed basis, meaning you can either have exchanged contracts for your property sale or even if you haven’t.
Key Features and Benefits of Lloyds Bank Bridging Loan
Lloyds Bank bridging loan comes with a range of features and benefits designed to meet your financing needs:
- Flexible Repayment Options: Lloyds Bank offers repayment options tailored around your income and planned asset disposals, providing you with flexibility in managing your finances.
- Competitive Pricing: The interest rates and fees for the bridging loan reflect the specific details of your proposal, ensuring that you receive a competitive financing solution.
- Wide Range of Acceptable Assets: If security is required for the loan, Lloyds Bank considers a diverse range of assets, giving you more options for collateral.
- Dedicated Support: Customers with substantial borrowing requirements benefit from a dedicated contact at Lloyds Bank, providing personalized assistance throughout the lending process.
Eligibility & Requirements for Lloyds Bank Bridging Loan
To be eligible for a Lloyds Bank bridging loan, you need to meet the following criteria:
- Sole income of at least £100,000 or savings and/or investments of £250,000 or more (excluding personal pensions or property)
- UK residency
- Age 18 or above
Additionally, the loan amount, duration, and interest rate available to you will be subject to assessment based on your individual circumstances.
How to Apply for a Lloyds Bank Bridging Loan
Applying for a Lloyds Bank bridging loan is a straightforward process. To get started:
- Contact Lloyds Bank: Reach out to their team using the provided contact details to express your interest in the bridging loan.
- Consultation and Assessment: Lloyds Bank will conduct a consultation to understand your needs and assess your financial circumstances to determine the most suitable loan terms for you.
- Application Submission: Complete the necessary application forms and provide any required supporting documents.
- Loan Approval: Lloyds Bank will review your application and, if approved, provide you with the loan offer, including the loan amount, interest rate, and repayment terms.
- Funding and Repayment: Upon acceptance of the loan offer, the funds will be disbursed, and you can start using them as planned. Repayments will be structured according to the agreed-upon terms.
Alternatives Funding to Bridging Loans offered by Lloyds Bank
In addition to the bridging loan, Lloyds Bank offers a range of other personal lending solutions to meet diverse financial needs. These solutions include:
- Term Loans: Term loans provide a lump sum amount with fixed repayment terms, suitable for various purposes such as home improvements, debt consolidation, or major purchases.
- Buy-to-Let Loans: Lloyds Bank offers buy-to-let loans specifically designed for individuals looking to invest in rental properties, helping them finance property purchases and manage their rental portfolios.
- Self-Build Mortgages: If you’re planning to build your dream home, Lloyds Bank offers self-build mortgages that provide financing throughout the construction process, ensuring a smooth transition from planning to completion.
- Guarantor Loans: Lloyds Bank offers guarantor loans, where a family member or close associate acts as a guarantor to support your borrowing, enhancing your chances of loan approval and potentially securing better terms.
- Inheritance Tax Lending: For individuals facing inheritance tax liabilities, Lloyds Bank provides specialized lending solutions to help manage and mitigate these tax obligations effectively.
- Business Finance: Lloyds Bank offers various business financing options, including loans and lines of credit, to support the growth and expansion of businesses.
Each lending solution is tailored to meet specific financial goals and comes with its own set of terms, eligibility criteria, and application process.
Trustworthy and Secure Lending with Lloyds Bank
Trust and security are paramount when choosing a lender for your financial needs. Lloyds Bank is a reputable financial institution with a long-standing history, offering reliable and secure lending services. Here are some reasons to trust Lloyds Bank:
- Established Reputation: Lloyds Bank is one of the UK’s leading banks, with a history spanning several centuries, known for its strong financial stability and commitment to customer service.
- Regulated and Authorized: Lloyds Bank is authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA, ensuring compliance with rigorous industry standards.
- Customer-Centric Approach: Lloyds Bank takes a customer-centric approach, focusing on understanding your unique financial needs and providing personalized lending solutions tailored to your circumstances.
- Adherence to Standards of Lending Practice: Lloyds Bank adheres to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board, ensuring fair and transparent lending practices.
- Robust Security Measures: Lloyds Bank implements advanced security measures to protect your personal and financial information, utilizing encryption, secure online platforms, and fraud prevention systems.
Compare bridging loans from Lloyds Bank and all the leading lenders
Here are the top alternatives to Lloyds bridging loans based on our complete knowledge of the UK lending market. Simply use our quote button below to get a no obligation quote comparing them.
- Shawbrook – An established UK specialist finance lender providing bridging loans from £100k up to £15m for residential and commercial purposes. They offer flexible terms and competitive rates.
- Precise – A leading bridging lender in the UK offering loans from £50k up to £15m for residential and commercial properties. They have a quick underwriting process and can complete loans in as little as 7 days.
- Lendinvest – One of the largest bridging lenders in the UK providing loans from £200k up to £15m for experienced property investors. They offer clear pricing and the ability to switch to a term loan.
- Octopus – A provider of bridging loans from £500k up to £25m for residential and commercial real estate. They focus on speed and flexibility with loans approved in days.
- UTB – A fast-growing lender providing bridging loans from £100k up to £15m for experienced property investors and developers. They have an easy application process with funds released quickly.
- MT Finance – An award-winning bridging lender providing loans from £100k up to £15m for residential and commercial properties. They have fast approvals and flexible terms.
- Spring Finance – A specialist bridging lender offering loans from £75k up to £5m for residential and commercial real estate. They have a quick online application process.
- West One – An established provider of bridging loans from £100k up to £15m for experienced property professionals. They offer tailored lending solutions.
- Glenhawk – A fast-growing lender providing bridging loans from £500k up to £20m for residential and commercial properties. They focus on speed and flexibility.
- ABC – Provides bespoke bridging loans from £100k up to £15m for experienced investors and developers. They offer fast approvals and funding.
- BFS – An award-winning specialist lender offering bridging loans from £75k up to £15m for residential and commercial real estate.
- Affirmative – A new bridging lender providing loans from £100k up to £5m for experienced property investors. They have fast approvals and offer clear pricing.
- MS Lending – Provides bridging loans from £100k up to £5m for residential and commercial properties. They have competitive rates and flexible terms.
- Mercantile Trust – An established lender providing bridging loans from £100k up to £15m for experienced investors. They focus on speed of service.
- Roma – Specialists in bridging finance, providing loans from £75k up to £15m for residential and commercial real estate.
- Somo – A bridging lender offering loans from £250k up to £5m for experienced property professionals. They provide fast decisions and funding.
- Catalyst – Provides bespoke bridging loans from £100k up to £5m for residential and commercial properties. They have flexible terms.
- Mint – A new entrant providing bridging loans from £100k up to £5m for experienced property investors. They focus on speed and transparency.
- Octane – Specialists in bridging finance, providing loans from £100k up to £5m for residential and commercial real estate.
- Ampla Finance – Offers bridging loans from £75k up to £2m for experienced property investors and developers.