Bridge Loan News

Vitvo announce completion of another Castro Loan. See Vitvo announce completion of a £1.5 mill Castro Loan
Ian Wilson, CEO of Vitvo, gives an interview to Bridging Loan Directory. Talking about what makes him tick, values, achievements, and Flexible Development Exit Loans (the "Castro" Loan). See Ian Wilson, CEO of Vitvo, being interviewed
Vitvo launches a market first Flexible Development Exit Loan (the "Castro" Loan). Allowing developers to borrow, once residential property is wind and water tight, and prior to practical completion, in order to avoid any fees, or penalty rates, on delayed projects. Also allowing a developer to move their development finance provider onto the next project sooner than would be otherwise possible. See Vitvo launches unique Flexible Development Exit Loan
Vitvo expands bridge loan offering to include heavy refurbishment and higher 1st charge LTVs, see Vitvo refreshes bridging range 
Bridge loans have great first quarter, see Bridging Loan increase by 59% in first quarter
Do retail investors know the risk they are taking when investing in Bridge Loans via P2P Platforms, and specifically do retail investors suffer negative selction as a consequence of Institutional clout, the jury is out on what the FCA makes of it, See Bridging Loans via P2P Platforms
Bridging Loans applications had a stellar Q2 2016, see Bridge Loan Applications surge 61%

Bridge Loan Application - Leave your Contact Details, and we will Call you

On receipt of your details, you will receive a call from one of our knowledgeable, and friendly staff. We know each potential Bridge Loan has a story, we would like to hear it. It should be painless and quick, with a DIP following within minutes!
Thanks for the application! We aim to be back to you within the hour, unless outside working hours, in which case on our return
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1 Hour to your Decision in Principle once you Connect

A decision in Principle can be given within an hour of application, if during weekday hours. We can take a Bridge Loan from Decision in Principle to cash in your bank inside 4 days if necessary.

How to Get a Second Charge Bridge Loan

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Decision in Principle

The first step in obtaining a Second Charge Bridging Loan is to enter your basic details; your name, property providing the security, loan size etc. On receipt Vitvo will issue a Decision in Principle within an hour, if the application is made within working hours.
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Application Form

If you wish to proceed with the Second Charge Bridge Loan based on Vitvo's terms; the second step in obtaining a 2nd Charge Bridge Loan is to enter your remaining details of the loan in an application form. Parts of it will already be pre-filled from the original details you gave us at the Decision in Principle Stage. On receipt, Vitvo will turn this around in 1 working day.
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Valuation and Legals

All being well, Vitvo will confirm that we can proceed with the Bridge Loan. The third step in obtaining a 2nd Charge Bridging Loan, is for Vitvo to arrange for a valuation, typically around £1,000. Simulataneously, Vitvo will work with your solicitor to document the agreed terms in a Second Charge Bridging Loan agreement. Once this is agreed, and signed by both parties, your Second Charge Bridge Loan is binding. This can take 3 days if each party is engaged.
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Money Transferred

Once the Second Charge Bridging Loan has been signed, our solicitor will transfer the money to your solicitor within 3 hours.
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Vita Solvo Ltd registered in England and Wales with company number 08251204  having its registered office at Flat A Melcombe Regis Court, 59 Weymouth Street, London, W1G 8NS