Unmortgageable Property Finance

Get fast finance for an unmortgageable property. You can borrow up to £3 million with an Affirmative bridging loan.

Properties become unmortgageable for many reasons: The previous owner allowed it to fall into disrepair, the banks are tightening their criteria, or the property does not meet the necessary requirements to take out a loan.

But if you see promise in the property you do not have to let it go to waste. Many landlords, private individuals, and property developers are taking advantage of this new method of funding on the market.

As a bridging loan is assessed under different criteria from a traditional mortgage, Affirmative Finance can provide you with the funding when a property is unmortgageable.

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Is your property an unmortgageable property?

Over time, our customers have used bridging loans to finance many different properties. Types of unmortgageable property include but are not limited to:

Derelict property
Unusual or non-standard construction property
Low-value property (below £50,000)
Property with no kitchen and/or no bathroom
Short-lease property
Property with structural issues
Property with a mortgage retention

You can discuss this with our underwriters if you need to find out more.

Why use unmortgageable property finance?

It does not matter whether you want an unmortgageable property to become a new home, an investment or buy-to-let property — Affirmative Finance provides bridging loans for all kinds of projects.

You can borrow between £10,000 and £3 million to:

Get fast funding without the banks – move a deal to completion
Refit, refurbish or repurpose a property – get it how you want it
Build an investment or buy-to-let portfolio – increase your revenue
Fix rot, damp and other structural problems – add value to the property
Use a bridging loan for a house purchase – transform a neglected property

A typical loan:

Secured against an existing property and/or property being purchased
1st or 2nd charges
Maximum term 18 months — no minimum term
Typical APR 30.4% (first charge)
Faster than any bank
No application fee

Why choose Affirmative?

We are a member of UK Finance and regulated by the Financial Conduct Authority. We provide secure bridging loans for people who need short-term finance to restore an unmortgageable property.

And we are transparent throughout the loan. We will discuss with you and any advisers how you intend to repay your bridging loan by way of an exit strategy.

The Financial Conduct Authority (FCA) may regulate your loan. If your loan is regulated we can deal with your application. It must be submitted through an FCA regulated intermediary. Contact us for more information.