Kevin Wright

Bridging

When applying for bridging loan, is the amount based on the property value or total costs?(pp + refurb) then I take it there is a LTV rate to consider aswell?

New comment Aug '25

2 likes • Aug '25

@Chris Halsall very welcome. If you want to take a crack on your own, good luck. If you want to entrust yourself to a bridging specific brokerage, ours will be willing to place you with the right bridging lender.

2 likes • Aug '25

@Chris Halsall ok noted re your intention

Dawn Allen

Jul '25 •

Questions

Modern Method of Auction

Does anyone have any thoughts or advice on modern method of auction? I'm having a few concerns regarding a property after a mortgage application was refused (they had an issue with the size) and I'm considering pulling out and potentially losing my deposit. I think I'll steer clear moving forward but wondered if anyone else has used this method and what their experience was?

2 likes • Jul '25

@Dawn Allen you more than likely will

1 like • Jul '25

@Dawn Allen welcome

Peter Bright

Jul '25 •

Short Lease studio flat

Just been offered this short lease opportunity from one of my Letting Agent contacts. Too early to say - but I am checking the numbers. Any thoughts on approaches/exits?

1 like • Jul '25

@Peter Bright most welcome

2 likes • Jul '25

@Peter Bright the integral problem with PLOs Pete, is that no one outside of property training courses knows what the hell they are. So you are up against the vendor being suspicious of you and that you are trying to 'have them over' somehow, they just can't figure out how - the bit you probably dont get told on PLO courses. This means you have this extra hurdle to overcome to get the deal moving forward in a way that you dont if you just buy it - everyone understands that. 'low ball' offers are an insult to a seller. No credible investor makes them. it should alwasy be a fair offer - fair being optimum value, less costs incurred to uplift to optimum value, less a decent profit margin for your trouble = a fair offer. How low that is compared to that asking price depends entirely on how unrealistic the asking price is. For a fair asking price, it should be pretty much equal. Bridging lenders will lend the cost of the extension fee, yes. s/t, what's that? Criteira for bridging 1. dont be bankrupt 1. plausible plan to fix the problem

Paul Cohen

Jun '25 •

Not around 🥺

Sorry I’ve been MIA recently been negotiating on various properties.. organising finance etc. In the end I’ve just put a holding deposit on a 1 bed flat in Cheltenham. £30k BMV. Going to do light refurb, kitchen bathroom etc. Got a luxury corporate letting agency in the area guaranteeing between 1 and 3 year contract, so no voids‼️ They even furnish it themselves without charge, to suit their clients taste. Basically I’ll achieve a guaranteed 10% annual net return on purchase. I’m bridging with WP Property Finance and then refinancing within 6 months at most and go again on Now the work begins to find local trades people unless, I take my people from Spain, and start planning and ordering.. I’ll keep you updated on the good and bad.. There will be tears along the way I’m sure but hopefully from works I’ve carried out in the past the tears will be fewer..🙏🙏

2 likes • Jul '25

very best of luck with this project @Paul Cohen - rental exit already sorted on the way in is a strong position to be in. You are in good hands with WP, for both the bridge and the mortgage to exit.

Rodney Brown

Jun '25 •

3 things that have held me back

1. Lack of Capital or Access to Finance I believed I needed a large amount of money to start in property, and was unaware of creative strategies like joint ventures, rent-to-rent, or leveraging other people's money (OPM). Now I need to cement my knowledge, how best to execute these creative strategies and how best to use bridge finance with 2nd charge option or find myself some potential investors. That seems harder than it sounds. Where do I start? 2. Fear of Risk and Uncertainty Concerns about properties sitting empty especially in a R2R scenario. This has created analysis paralysis. The fear of making costly mistakes, the fear of debt from taking the first step and getting it wrong. 3. Lack of Knowledge or Confidence Property investment involves legal, financial, and strategic know-how. Without proper education or guidance, I have felt overwhelmed and unsure where to begin, which has lead to inaction and procrastination. My knowledge is building now and through networking and education I feel my confidence growing slowly, but I need to ensure the foundations are solid enough to show my authority.

2 likes • Jul '25

@Rodney Brown it is way more than an ideal, its absolutely vital, and idiotic not to, to build your borrowing costs into the price you pay for a property. It matters little where exactly you build to costs in, as long as you do Failing to do so is a sure way to screw up any project. Costing is a pretty simple concept - optimum achieveable value, less costs incurred, less desired profit = the maximum you should ever pay for any property project - what other method do you need? Once you know that maximum, any overpayment comes straight off your profit. Another key point Rodney - dont be infleunced by the asking price, it has abosultely nothing to do with the right price to pay for a project. Here's how I woud put it - The asking price is often a figment of someone's imagination But The purchase price should always be the product of someone's calculation

2 likes • Jul '25

@Rodney Brown its not about you raising higher amounts, its about the lender deciding how much they will lend to you, then deducting their costs, Retained interest simply refers to the interest for the whole term of the loan being retained by the lender at commencement of the loan, as opposed to you paying it monh by month. The gross loan is the figure before interest and arrangement fees are deducted. The net loan is after they have been deducted. Valuation and legal fees are sepaarate and paid by you prior to the loan commencing.

1-10 of 25

Level 5 - Architect

324points to level up