What we see in the South West
- Bristol and Bath: HMO conversions (Bristol has Article 4 areas), buy-refurbish-refinance in the suburbs, and small development exits. Values and rental demand support 75% LTV lending.
- Dorset, Devon and Cornwall: holiday-let purchases and conversions, coastal property bought at auction through Clive Emson's West Country sales and Savills, and rural property that mortgage lenders find awkward.
- Gloucestershire and Wiltshire: Cheltenham, Gloucester, Swindon and Salisbury refurbishment deals; barn conversions across the Cotswolds; commercial in the market towns.
- Somerset: Taunton, Yeovil, Bridgwater refurbishment and HMO deals, and land with planning in the Hinkley catchment.
- Plymouth and Exeter: student and professional HMOs, ex-military and naval housing stock, city-centre commercial.
Terms in the South West
Bristol and Bath price close to the South East. Elsewhere the lender pool is a little smaller for remote rural and coastal property, and some lenders cap LTV at 70% in the far South West. Rates from around 0.6% per month for conventional residential investment property. Valuations in rural Devon and Cornwall can take longer to book, so we instruct early.
Counties and towns
Bristol, Bath, Gloucestershire (Cheltenham, Gloucester, Stroud), Wiltshire (Swindon, Salisbury, Chippenham), Dorset (Bournemouth, Poole, Weymouth, Dorchester), Somerset (Taunton, Yeovil, Weston-super-Mare), Devon (Exeter, Plymouth, Torbay, Barnstaple), Cornwall (Truro, Falmouth, Newquay, Penzance).
About the numbers on this page. Rates, fees and loan-to-values are typical market ranges for unregulated bridging in England, given so you can size a deal. They are not an offer. Your terms depend on the property, the exit, the lender and you.
Questions about bridging in South West
Do lenders bridge in Cornwall?
Yes. The pool is smaller than in the South East and a few lenders cap LTV at 70% or exclude the most remote postcodes, but conventional property in the towns and along the coast is well served.
Can I bridge a holiday let in Devon or Dorset?
Yes. The exit is usually a holiday-let mortgage, which needs projected income from a letting agent. Planning conditions restricting occupancy can limit the exit lenders; we check before proceeding.
Tell us the deal.
A few numbers and a postcode is enough for a first view. Indicative terms cost nothing and commit you to nothing.