Richmond Securities
Fees

Bridging Loans

Due to the urgent nature of bridging finance there can be a lot of work to do in a short period of time, in order to provide you with money when its needed.  We will normally collect our fee, along with our solicitors fees on completion of the loan.

We do understand however that sometimes you need to have a bridging loan in place in connection with a property transaction, but that at the last minute circumstances dictate that you do not require our funds.

In effect you have had the insurance of money available if required, and therefore we will require an undertaking for costs in the event that having provided you with a lending facility, you do not subsequently take up the offer of finance.

Building Finance & Property Development Finance

Depending on the size of the project there may be various professional fees to pay. We will at minimum arrange for a valuation of the site / property, and for larger or more complex projects we will also require our appointed QS to provide an initial feasibility study, the cost of which is to be met by the applicant.

Should we then proceed to make an offer of finance, then we will normally collect any fees on completion of the facility, but we will require an undertaking for costs, in the event that having provided you with a lending facility, you subsequently do not proceed with the arrangement.

Give us a call now on 01492 879 906 or Apply Now for a fast decision.




Richmond Financial Services trading as Richmond Securities is an appointed representative of HLPartnership Ltd which is authorised and regulated by the Financial Services Authority.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There will be a fee for arranging a mortgage. The precise amount will depend upon your circumstances but we estimate it will be 1% of the loan amount.