Fewer lenders, a lower loan or extra conditions. The loan that fits: Purchase bridge, as this is a home that can be let or sold as it is. The things to check above are what a lender will look at too.
- Likely loan
- Up to 70% of the priceOn the purchase price
- On the expected hammer
- About £322,000The guide plus 15%
- Example rate
- 0.75% to 0.95% a monthArrangement fee about 2%
What lenders will note
- Major point In Scotland: fewer bridging lenders lend here, and the buying process differs
If you let it
Typical rent about £1,128 a month, a gross yield of 2.9% on the expected hammer. The rent supports a buy-to-let mortgage of about £197,000, 43% of the expected hammer: refinancing out of a bridge needs more cash in, or a sale.
ONS average for a detached house in Argyll and Bute, Sept 2026. Refinance test: rent covers the interest 125% at a 5.5% stress rate, as lenders test a limited company; personal borrowers are often tested harder.
Information a lender will need first
- The tenure (freehold or leasehold)
- Whether it is sold vacant or with a tenant
- The floor area (an EPC or a floorplan)
What a lender will ask you for on a purchase bridge
- Photo ID and proof of address
- Proof of your deposit and where it came from
- The legal pack, read by your solicitor before you bid
- Your exit plan: sale or refinance, with evidence (comparables, or a mortgage in principle)
- A valuation, which the lender instructs
We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Ratings and figures are a guide from the published facts, not an offer of finance or advice. Stations from NaPTAN.