Bridging Finance

Short-term property finance from £50,000 to £450,000

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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 client
🟣 Penalty for Late Repayment: Equivalent to two months' interest
🟣 Valuation: May be required depending on the LTV and reason for the loan

Why Choose Conister Bank?

🟣 Fast, Local Decisions – All lending decisions are made on the Isle of Man
🟣 Customer Support – Our team is here to guide you every step of the way.
🟣 No Call Centres – Speak directly to an experienced adviser.

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How to Apply

Applying is simple. We’ll need:
✔️ Proof of identity and address
✔️ 3 months’ payslips or 2 years’ accounts (for self-employed applicants)
✔️ 3 months’ bank statements
✔️ Completed application