🏗️ Bridging Loans & Development Finance in Horsham

🏠 Buying at auction, breaking a chain, or funding a refurbishment or ground-up build around Horsham, Southwater, Broadbridge Heath or Roffey? We arrange short-term bridging and development funding that fits your project, timeline and exit plan — with lender-ready packaging to keep completions on track.

🔑 When a bridge makes sense

• 🏦 Auction purchases: 28-day deadlines with funds agreed in advance.
• 🔗 Chain breaks: Secure the new home before your sale completes.
• 🛠️ Light refurb: Kitchens/bathrooms, non-structural works (often fine on “refurb bridge”).
• 🏗️ Heavy works & conversions: Structural changes, extensions, C3↔C4, commercial-to-residential (PDR).
• ✅ Finish & exit: Complete snagging then refinance onto term lending.
• 💷 Capital raise: Short-term release against existing property for fast opportunities.

📊 Typical bridging terms (guide)

• 📈 LTV: Up to ~75% of purchase (higher with additional security); day-one vs after-works options.
• 📑 Charges: First charge (common) or second charge (case-by-case).
• 🕒 Term: 3–24 months; rolled, retained or serviced interest.
• 💰 Fees: Arrangement and (sometimes) exit fees; valuation & legal apply — we compare total cost.
• 🚪 Exits: Sale, BTL/commercial refinance, or development exit.

🏗️ Development finance (ground-up & major works)

• 📉 Leverage: Commonly up to 60–70% of GDV and 75–80% of total build costs (incl. professional fees).
• 💳 Drawdowns: Stage payments against QS/IMS reports; contingency typically 5–10%.
• 📂 Structures: Senior, stretched senior and mezz options for larger schemes.
• 👷 Team: Lenders look for contractor CVs, build contract (e.g., JCT), programme and insurances.

📍 Horsham know-how

We regularly package projects in and around Horsham town centre and the A24 corridor to Crawley/Gatwick, ensuring valuers see sensible comps and realistic GDV assumptions.

📝 What we’ll line up for you

• 📐 RICS valuation, schedule of works and cost plan
• 📄 Planning consent/PD evidence and any pre-commencement conditions
• 🛠️ Build contract, programme, contractor insurances and warranties
• 📊 Exit plan illustrations (sale comps or refi terms)
• 🆔 ID, bank statements and asset/liability summary

⚡ Process — fast and focused

1. 🎯 Scope & exit: Confirm costs, timeframe and exit route.
2. 📝 Heads of Terms: Indicative terms based on numbers and security.
3. 📋 Valuation & DD: Survey/QS inspections; we handle lender queries.
4. 📑 Offer & legals: Conditions satisfied; drawdown scheduled to your build programme.

❓ Bridging & Development FAQs (Horsham)

⏱️ How quickly can a bridge complete?

Often 5–14 working days once valuation and legals are in motion; auction deals are prioritised.

💸 Can interest be rolled up?

Yes — many bridges allow retained/rolled interest so there are no monthly payments.

👷 Do I need prior development experience?

Helpful, but smaller schemes can work with a strong professional team and main contractor.

🏗️ Will lenders fund 100% of build costs?

They can fund a high percentage via staged drawdowns; you’ll usually contribute equity and contingency.