Bridging & Development Finance in Worthing

From seafront opportunities to Broadwater and Goring-by-Sea refurbishments or new builds, we arrange bridging and development funding that matches your timescales and exit. For personalised recommendations, we’ll connect you with an FCA-regulated adviser.

When to Use Bridging

• Buy before sale completes or fix a broken chain
• Auction purchases with rapid completion
• Refurbish unmortgageable properties (light/heavy works)
• Release short-term capital for projects or planning gains

Our Support

• Right-size the loan vs. purchase, works and GDV
• Compare lenders on leverage, speed and fee stack
• Coordinate valuation, legal and monitoring surveys
• Choose interest approach: retained, rolled or serviced

Facilities Offered

• Regulated & unregulated bridging
• Light/heavy refurb finance
• Development finance with stage releases

Lender Criteria

• LTV/LTGDV: Bridges up to ~75% LTV; developments assessed to LTGDV and costs
• Exit: Sale or refinance evidenced with comps/AIP
• Experience: Heavier schemes favour proven teams
• Security: Property condition, EPC and planning compliance

Timelines & Costs

• Speed: Terms in 24–48h; completions 1–3+ weeks
• Costs: Monthly rate plus arrangement/exit, valuation and legal fees
• Interest: Retained/rolled to preserve cash; serviced to reduce compounding

Local Notes

Worthing’s coastal demand supports resales where spec and EPCs meet buyer expectations. On flats, check service charges/ground rent and building compliance early to protect the exit route.

FAQs

Can I bridge against multiple securities?

Yes — cross-collateral can increase leverage; legals may be more complex.

What’s “light” vs. “heavy” refurb?

Light: non-structural (kitchens/bathrooms). Heavy: structural changes/services — often triggers QS and planning.

Do lenders accept retained interest?

Common — interest deducted upfront; ensure term covers the full timeline.

What happens if the project overruns?

Extensions can be negotiated but may add cost; build contingency in from day one.

Next Steps

Share your Worthing project details and exit strategy. We’ll outline funding routes and connect you with an FCA-regulated adviser.