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Bridging Loans
Short-term property finance from £50,000 to £450,000
At Conister Bank, we understand that timing is everything when it comes to property transactions. Our Isle of Man Bridging Loan provides a short-term funding solution, helping buyers move forward with confidence.
What is a Bridging Loan?
A Bridging Loan is an interest-only facility designed to bridge the gap between selling one property and buying another. It can also be used to secure a new property while waiting for longer-term finance or to fund refurbishments before refinancing.
Key Features:
🟣 Loan Amount: £50,000 – £450,000
🟣 Maximum Loan-to-Value (LTV): 75%
🟣 Term: Up to 12 months
🟣 Repayment: Interest-only payments each month
🟣 Rate: 10% per annum
🟣 Security: 1st legal charge on the property
🟣 Affordability: Loan must be demonstrated as affordable, with stress testing applied
Who Can Apply?
Our Bridging Loan is available to Isle of Man residents applying in their own name. Applicants must be aged 21 or over and be able to demonstrate a viable repayment strategy, such as the sale of property, fixed deposits, pension funds, bonuses, inheritance, or refinancing.
Costs & Fees
🟣 Arrangement Fee: 1%
🟣 Legal Fees: Payable by the customer
🟣 Early Repayment Fee: Equivalent to two months' interest
🟣 Valuation: May be required depending on your individual circumstances
How to Apply?
You can apply by completing our application form below and return it to us via email or post.
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Fast Local Decisions
All lending decisions are made on the Isle of Man
