Lying on the lower slopes of the North Downs, the town of Sutton was first recorded in the Domesday Book of 1086 as a village with two churches and 30 houses. Its good transport links between London and the south coast have helped it develop into a thriving town with a population of approximately 200,000. With a low crime rate and plenty of green spaces, it is a desirable area to live, which has led to it becoming an attractive location to purchase property or development land.

With a growing population, development in Sutton and demand for property has risen. Novellus’ range of bridging loan solutions can help businesses and individuals in Sutton who are seeking funding for commercial property development projects.

Houses in the town of Sutton in Greater London

Houses on Landseer Roads in Sutton’s conservation area.

Source: Wikimedia Commons (Photo by A P Monblat)


What Is A Bridging Loan?

A bridging loan provides short-term finance while long-term funding is being acquired. It is often used to bridge the gap between a quick purchase decision and securing a traditional mortgage. A bridging loan is lent against an asset owned by the borrower, such as property, and the application process is usually very quick, giving access to the cash often within two to four weeks.

Bridging loans are typically taken out for periods ranging from several weeks to 12 months but can be paid back in full at any time during the loan period without incurring additional fees.


What Can Bridging Loans Be Used For

Auction Purchases – Good investment properties can be found at auction but, unlike other methods of purchasing property, a deposit is required immediately, with the balance due within 4 weeks. Bridging loans are approved usually within two weeks, allowing investors access to funding quickly. This makes them an ideal interim funding method for buying at auction.

Property Investment and Development –  As Sutton grows and develops, more investors are looking for opportunities within the area. However, as Sutton is a highly sought after area, potential development areas are usually bought up quickly. Bridging loans provide a fast solution for property developers looking to invest in Sutton.

Buy-to-let –Sutton rental property is in demand, due to its proximity to London and the South coast, which has led to growth in popularity of buy-to-let property investment. Bridging loans provide a quick funding option for buy-to-let opportunities while long-term finance is being sought.


Who Are Bridging Loans Suitable For?

Bridging loans are an option for anybody looking to invest in property in the Sutton area, particularly if you are looking for fast funding while securing long term finance. As long as a high value asset, such as property, is available to act as security for the loan, the application will be considered favourably. If the property is not currently habitable and therefore does not qualify for a mortgage, a bridging loan allows the work to be carried out to make it habitable.

Bridging loans are also suitable for (and by no means limited to) commercial property developers working on multi-million-pound projects, or for purchases that require a quick decision.

Novellus offer unregulated bridging loans, ranging from £50,000 to well in excess of £5,000,000. While we prefer the loan to be based on an LTV of 50 – 70%, we will consider an LTV 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

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

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Novellus Limited is not regulated by the Financial Conduct Authority.