As the capital city of the Republic of Ireland, Dublin partners a strong economy with historical interest. It is amongst the top thirty world cities, according to the Globalisation and World Cities Research network. Dublin is an important financial centre for many commercial and retail businesses.

For investors looking for property in Dublin, both residential and commercial, Novellus bridging loans in Dublin can help those talented businesses and individuals looking for short-term funding for property purchases and projects.

What Is A Bridging Loan?

A bridging loan bridges the funding gap while long term finance is secured. Bridging finance can be used when a traditional mortgage may be unavailable for various reasons. It is also suitable when short-term finance is required, as the process is usually very fast. The length of borrowing time for bridging loans are usually for periods ranging from several weeks to 12 months. However, the borrower can pay back a loan with Novellus, in full at any time within the term, without incurring any early repayment fees.

What Can Bridging Loans Be Used For

Bridging loans can be used for many reasons, including:

Refurbishment and renovation –  investors in Dublin, on the lookout for commercial properties and business opportunities may need a bridging loan.s. It can be a time-consuming process trying to obtain a traditional mortgage, so many investors look to bridging loans to provide the necessary funding to buy/renovate/develop properties in the short term.

Auction Purchases –  When purchasing at auction it is necessary to pay a deposit immediately, with the balance due twenty-eight days later. Bridging loans provided by Novellus allow investors to access funding quickly, due to the quick approval process. 

Buy-to-let – Dublin can provide many investment opportunities for potential landlords. Bridging loans allow investors to purchase buy-to-let properties whilst they try to obtain long-term funding.

Who Are Bridging Loans Suitable For?

Bridging loans are suitable for anybody looking to invest in any type of property in Dublin who requires short term, fast funding. As long as there is a clear repayment plan in place and a high-value asset to act as security the application will be considered.
Bridging loans can be used for any purchases that require a quick decision, as well as for commercial property developers working on a range of projects, from small to multi-million-pounds investments. They provide the opportunity to buy quickly and allow time to secure long-term funding. Bridging loans are also a good option for those developers looking to purchase uninhabitable properties which do not currently qualify for a traditional mortgage.
Novellus offer unregulated bridging loans, starting from €50,000. Whilst most loans with Novellus are based on an LTV 50 – 70%, we will consider LTVs of up to 90% in specific circumstances.

Bridging loans are suitable for anybody looking to invest in any type of property in Dublin who requires short term, fast funding. As long as there is a clear repayment plan in place and a high-value asset to act as security the application will be considered.

Bridging loans can be used for any purchases that require a quick decision, as well as for commercial property developers working on a range of projects, from small to multi-million-pounds investments. They provide the opportunity to buy quickly and allow time to secure long-term funding. Bridging loans are also a good option for those developers looking to purchase uninhabitable properties which do not currently qualify for a traditional mortgage.

Novellus offer unregulated bridging loans, starting from €50,000. Whilst most loans with Novellus are based on an LTV 50 – 70%, we will consider LTVs of up to 90% in specific circumstances.

To help discover the approximate costs involved with a bridging loan, use our online bridging loan calculator for guidance.

Who Can Apply For A Bridging Loan?

Anyone can apply for a bridging loan who has a high-value asset and an exit plan in place. We offer a stress-free application process, with no fixed criteria or credit committees involved. The best way to find out if you qualify is to simply call us today on 0203 397 4871 or fill out one of our application forms.

Any data you provide Novellus Bridging will be used in the decision making and processing of any future loan. The data we collect will be shared with our legal representatives and potentially other third parties to assess your suitability and for future transactions on any loan(s) with Novellus Bridging. We will hold information securely for up to 5 years after your contract with Novellus Bridging ends. Should you wish for us to delete all traces of data we hold about you after your contract expires or should you wish to request details of data we hold about you please email info@novellusbridging.co.uk

DPA Registration Number: ZA259171
Novellus Limited is not regulated by the Financial Conduct Authority.