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Thursday, December 17, 2015

New bridge-to-let scheme

New bridge-to-let scheme for auction purchases and renovations

Property Hawk Mortgages is delighted to offer a unique bridge-to-let scheme with Aldermore.

Aldermore provides a flexible approach to short-term lending, offering straight-forward bridging finance and an exit route onto one of their standard buy-to-let mortgages.

The scheme is ideal for buy-to-let auction purchases, properties not suitable for mortgage purposes or those in need of refurbishment or renovation.

The scheme includes a free valuation and if required offers an exit route from the initial bridging loan, ensuring costs and hassle are greatly reduced. Applicants can choose to switch onto any Aldermore buy-to-let rate once the bridging loan period has ended.


  • Maximum loan £3 million 
  • Maximum LTV - 75% 
  • Up to 100% LTV considered with extra security 
  • Rolled up interest - no monthly repayments 
  • Flexible terms - 1 to 18 months 
  • Unregulated bridging only 
  • 1st legal charge secured against property 
  • Available in England and Wales 

Points of difference

  • Rates starting from 0.64% per month 
  • Available with no exit fee or early repayment charges 
  • Access to underwriters - each application is assessed on a case by case basis 
  • Free legal fees and reduced valuation on all remortgages up to £1 million (onto Aldermore buy-to-let product) 
  • Minimum 1 month ownership prior to remortgaging 
  • Ability to capital raise above the original loan amount (based on the enhanced property valuation) on term exit 

If required, an exit route is available from the initial bridging loan onto one of Aldermore's buy-to-let products, ensuring costs and hassle are greatly reduced.

Tel: 029 2069 5446

Your home may be repossessed if you do not keep up repayments on your mortgages.  

The Financial Services Authority does not regulate some forms of mortgage.

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