Bridging Finance FAQ’s

It is a mortgage or loan secured on a property or land usually for a short term period of between 1 month to 12 months, rather than a conventional 25 year mortgage.
By its very nature, a bridging loan is designed to be short term and is generally taken out for up to a year. However it is not uncommon for some loans to last two years. Conversely some loans only need to be in place for a matter of days or weeks and can be paid back early
There is no ceiling on the amount of funding we can provide, as long as you have sufficient security and the property is suitable. Funding is generally secured at 75% loan to value (sometimes up to 100% with additional security). One of the most important factors with any bridging or short term loan is how will the loan be paid back or redeemed within the agreed timeframe.
£50,000 with no maximum loan advance
No. We can secure lending on residential, semi-commercial, commercial properties and land regardless of the construction, type or use.
A first charge is the primary mortgage or loan secured against a property which takes precedence over all other finance secured against it. If there is sufficient equity in the property, then a second charge could be secured against it.
Each case is reviewed individually. However, if all the paperwork is complete, you could receive your funds in as little as 48 hours. It is important to specify any urgent timeframes at the point of sale with us so we can manage your expectations
If you have supplied all the necessary information we need, in most cases we will give you an immediate decision. Sometimes certain banks and lenders have specific turn-around times that we will notify you of.
No, sometimes a commitment or application fee may apply but only after a bank or lender has formally produced an offer or credit back terms.
Interest rates will vary and Pure Funding Solutions will also endeavour to obtain the most competitive rates to suit the specific enquiry. Rates start from as low as 0.65% per month and can rise to 1.5% per month depending on customer profile, property type and circumstances
Yes, if you manage to secure longer term funding, you can repay the loan early without penalty.
An exit route is a predetermined strategy to enable you to receive funds to pay back your loan within the required term. A sound and viable exit plan is an absolute must in any loan application.

Commercial Mortgages FAQ’s

Most traditional property types are acceptable to Banks and Funders. This could include offices, industrial units, restaurants, post offices and convenience stores, dental practices, doctor surgeries as well as many other specialist properties.
Yes, with the number of traditional Buy to Let lenders diminishing over the last few years there are still many Banks and specialist lenders who are happy with Investment and BTL properties. This can either be for purchase or remortgages.
There are many instances where property is now purchased in a Ltd Company name accompanied by Director Guarantees. The Ltd Company can be an existing business or a newly created company.
There is really no maximum loan advance that lenders impose. In general, if the proposition makes financial sense then a loan advance of many millions can be achieved. However please note that the level of deposit may increase for the larger loans.
Currently a minimum of 25% deposit is required to fund purchase and remortgage commercial transactions. On certain instances this may be relaxed and 100% funding can be achieved if the customer can offer additional security.
This type of deal is deemed to be a semi-commercial transaction and is dependent on the length of lease in place and the income derived from the AST’s. If a customer lives in the property and runs the business from the premises as well then this is OK providing the residential space does not exceed 40% of the total area.
Typically the lender will charge a completion fee of between 1.5% – 2.5% and Pure Funding Solutions Broker fee is typically 1% of the net advance. A commitment and assessment fee of £300 – £500 is payable upon formal application and this comes off the final broker fee. Please note that all transactions will attract a survey fee and legal costs.
The perception has been that many lenders have pulled out and are not helping existing clients. The reality is that whilst mortgage lending has been restricted in the residential market, there is still a big appetite to fund deals in the Commercial and Short Term markets for the right type of deals and actually, there have been many new lenders opening their doors to help customers and SME’s.
There are some excellent rates on offer currently and rates have never been low. On a commercial purchase or remortgage rates can be as low as 2.65% over bank base rate (currently 0.5%). Rates are typically tracker led and variable but there are some fixed rates available with certain lenders.
Absolutely, all lenders and banks are happy providing that the existing business is still trading and profitable and that the new buyers either have good experience to continue trading at a profit or create a lease and let out to new tenants on a long term.

Secured Loans FAQ’s

We can arrange loans from £250,000 to £2m.
Many customers raise money for home improvements, purchasing a new car or buying an investment property and well as some consolidation of finances
You will receive an immediate response acknowledging the enquiry if we receive an application online. A member of the loans sales team will then call to discuss the loan requirements.
This of course depends on how much a customer wants to borrow. Subject to personal circumstances we can arrange loans to suit specific budgets. The loan will be affordable and help improve customer’s circumstances and depending on what the money is being raised for, significantly reduce monthly outgoings.
Yes it can. Having a bad credit rating, historic or current CCJ’s, does not prevent customers from getting a loan. In some instances the outstanding credit may even be cleared directly by the loan company upon completion of the loan. A simple, more affordable loan can therefore assist in reducing customers monthly outstanding credit bills.
Yes it can. Having historic or current mortgage arrears do not prevent customers from getting a loan. If there are current mortgage arrears then the new loan company will pay off any arrears directly with the mortgage company when the loan completes.
Yes a commission is paid and the amounts are specified in the commission field in the broker section of the web-site.
A commission will be paid immediately upon completion.
Pure Funding Solutions arrange secured loans, Commercial Mortgages and Bridging Finance.
We aim to complete loans within 21 days. Sometimes this may be slightly longer subject to circumstances outside our control; however in many instances this is significantly quicker. We encourage our introducer and customer to work with us and return paperwork and documentation ASAP, thus ensuring the quickest completion time possible.
Pure Funding Solutions are not authorised to sell any insurance related products and make this clear to any perspective customers. Therefore if payment protection cover is required, it is up to the introducer to arrange separately

Let’s Make Things Happen

Contact us to arrange a free quote from one of our experienced team.

Jaye & Suresh Sreedharan

“We have been in the investment business for over 20 years and have yet to work with a team such as Pure Funding, who are as receptive and prompt in assisting us as clients. They work with us to make the best business decision for our situation and what we are looking to do. They have integrity, honesty and are so easy to work with. Would not hesitate to recommend their services”

Ela Investments LTD

Robert D

“I just thought I’d like to send an email to say how I’m always impressed on how you conduct your business. You seem to take on all the frustrations that borrowing from the banks today seem to entail on behalf of your clients, it’s very gratifying . I’ve been using you for more than ten years now and wouldn’t have any hesitation in recommending Pure Funding Solutions to anyone”

ROBERT D - Brighton

B Sawyer

“I approached Pure as we have done business together in the past. The remit was to find a Bank to finance the purchase of a 3500 square foot industrial unit in Kingston, large enough to house my growing bespoke Kitchen design business and workshop. An 80% loan was achieved; amazing considering this was at the height of the credit crunch, but not surprising as I have a strong business and the guys at PFS know how to put a deal together. Excellent work!”

Brayer Design, Kingston

Yen Sanford

“Pure Funding Solution is more than just a business to me. They have beautifully aligned as a working partner to help grow a number of my businesses over the last 8-10 years. They have an innovative and dynamic team, led by Danny, that have worked tirelessly to create bespoke financial solutions for me. I can honestly say that we wouldn’t be where we are without their expertise, support and guidance. A heartfelt thanks to all the team. I look forward to working with them for many years to come.”

Lili Property LTD

Ian Ogilvie

“I have been successfully working with PFS for a number of years, raising money for my BTL investment business. I can rely on their knowledge and experience. They have always been professional and approachable, a pleasure to deal with”

Cyrus homes LTD

Kestusis N

“I have found Pure Funding Solutions to be very helpful and supportive. Daniel Churchill is my first port of call when contacting PFS and he’s always on hand to guide and explain the processing throughout the application of the loan. Nothing is too much trouble for any of the team and I am more than happy to recommend them”

Catherine Richardson

“Having worked with Pure Funding for over 10 years, I always find the team to be professional, enthusiastic, friendly and committed to providing the best possible service. They are always my first choice for the challenging cases”

Mortgage Advisor of Somerset Mortgages

Andrew Watson

“As a residential mortgage broker of 23 years I have worked with a number of master brokers for all my clients secured loan, commercial and bridging requirements and more often than not this meant ridiculously high fees for my clients and terrible customer service for us both. That was until in 2014 I was introduced to the team at Pure Funding Solutions and since then I have no need to go anywhere else as their knowledge and professionalism means that my clients get access to all the best market deals along with a customer experience that is second to none. This allows me to concentrate on my residential deals safe in the knowledge that my clients are in safe hands. Highly recommended to all”

Director of AW Mortgage Solutions Limited

Jeremy Scott

“Pure Funding is a great company to work with. All personnel are very knowledgeable and easy to deal with. They seem to be able to operate in a friendly manner whilst still showing the professionalism you would expect. I would recommend to any of my clients should the need arise”

Director of JMS Financial Group

Steve McCarthy

“I have worked with Pure Funding Solutions for a number of years now and their market knowledge, lender relationships and hard work is second to none. All the team are very personable and they are in fact a pleasure to deal with”

The Property Specialists Limited

Simon Glastonbury

“A great company to deal with; I have introduced many commercial mortgages and secured loans to them over the years and their completion ratio is excellent”

AK Partnership

Rob Winterhalter

“Great working with you guys, you always have our client’s best interests at heart and strive to successfully complete all deals. Excellent service!”

RJW

Denny Lane

“Prospect Capital are an offshore based lender who are active in the UK lending market. We are very happy to be partnered with PFS for our UK lending business, the quality of business introduced, the speed of turnaround and the professionalism with which the clients are dealt with have proven to dramatically increase the business we have written over the last 24 months. I would state that PFS on almost every occasion go above and beyond compared other brokers we deal with, they are involved from beginning to the end and this does make a considerable difference. I would not hesitate to recommend PFS”

Director Prospect Capital

Mark Posniak

“The team at Pure Funding has always been a pleasure to deal with. Their focus and drive to securing the best terms for their clients shines through in all their interaction with our team. Deals through Pure Funding tend to complete very quickly due to their understanding of our products and processes, coupled with the quality of their staff and internal systems”

Managing Director Octane Capital

Tomer Aboody

“MTF has worked with Pure Funding Solutions for many years and few businesses come with the wealth of experience and knowledge they have. They take the time to fully understand their client’s needs and are committed to achieving the correct possible outcomes for each of their clients.
Their focus on efficiency and professionalism, and consistent delivery of high quality service makes them a pleasure to work with. MTF enjoy a close working relationship with Pure Funding Solutions and we look forward to building on this relationship for many years to come”.

Managing Director MT Finance

Jon Sturgess

Pure Funding benchmark themselves in achieving exceptional customer service and ensure that they offer the best solution for their clients. Having worked closely with the team for many years we have a relationship built on core values and a customer centric proposition. Pure Funding are a credit to the lending industry.

Head Of Sales Masthaven Secured Loans

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