Bridging Loans - Why are Bridging Loans popular?

Since 2008, those requiring short term loans or secured loans have found it increasingly difficult to obtain them from conventional lenders and high street banks. Criteria for loan acceptance has become more restrictive and inflexible, and the process much longer. Since the introduction of the Mortgage Market Review (MMR) rules in April 2014, these factors have only become more pronounced.

In contrast, bridging loan applicants tend to receive a Decision In Principle (DIP) within 1 hour, with loan completion in as little as 4 business days. The application process is less formalized as bridging loan approvals are based largely on the LTV of the property offered as security rather than looking to every aspect of an applicant’s credit history. In short, bridging loans offer a flexible, fast and reliable solution to a short term financing need when it is most required.

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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This information is strictly for the use of approved intermediaries only
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