Ben and the team at Word On The Street were amazing! They couldnt do enough for us during our recent transaction. I will be using them again and recommending them to others.
FAQs
We often help those who are wanting to get into property, and we have lenders available that do not penalise you for being a first-time investor.
The genuine answer to this question is, ‘it depends’. It depends on several factors relevant to the transaction (purchase price, loan amount, type of property, etc) but we must be clear that the cost is all relative to the transaction. Bridging Finance is a short-term finance option and so needs to be considered as such and should not be compared to longer term finance costs.
Commercial mortgage lenders put a lot of impetus on experience. If you are buying a commercial property which you intend to occupy on completion, then you will need two to three years full accounts. If you are buying a commercial investment property, then you may not need any trading business accounts. However, be prepared to evidence your experience of owning & operating properties of the type you are buying. I.e., Retail, Offices, etc.
‘LTV’ means Loan to Value. It is the percentage (%) of loan you can raise against the purchase price, or valuation of the property asset you are buying or raising funds against.
Interest rates are ever changing due to the economic climate and therefore for real time rates, please contact us to enquire for a quotation.
Typically, you (the client/ borrower) will pay for the lender’s valuation of the property you are attempting to finance. In some circumstances, there may be a free valuation as a lender incentive, but this can only be confirmed once we have the full details of the enquiry.
Yes. Where the application is in the name of an entity, such as an LLP or Limited Company, Directors and Shareholders will be required to provide a Personal Guarantee (PG).
Most auction houses require you to complete within 14, 28 or 56 days and we can raise funds in each time frame. The most important point for us to make clear is that you should always read the legal pack prior to bidding at auction so that you know how much time you have. It would also be sensible to ensure you have the finance in place, prior to bidding at auction. This is something we can help with.
Yes. Word On The Street have many lenders on panel that offer Bridging & Refurb finance, and we can raise funds to cover a shortfall, or 100% of refurb costs, depending on the transaction. Get in touch to talk to us about the project you are considering, and we can help.
Please refer to our Credit Broking Agreement for confirmation of our fees.
This depends on the product type. Each lender has different product and loan criteria which we will only be able to confirm once we understand your enquiry in more detail. Please contact us to enquire for a quotation.
What our clients are saying
Ben at Word On The Street guided me through my refinance and was great! He was always on hand to answer any questions that I had, giving me peace of mind. I wouldn’t hesitate to use Word On The Street’s services again.
Ben from Word On The Street has been absolutely amazing throughout the whole financing experience. It was completed very quickly, and the team was there to help me multiple times a day, over the smallest of questions. Also, just before Christmas, Ben worked tirelessly to get me some documentation to help get the finance completed in time. I couldn’t recommend Ben and Word On The Street enough.
Jack was great! It was not a straightforward deal, but Word On The Street went above and beyond!
Michael and the team at Word On The Street were fantastic in securing financing for my HMO purchase. Quick and efficient throughout, I highly recommend.
I’ve used Michael and Ben at Word On The Street on several refinances and purchases now. Danielle is fantastic and so quick at getting back to you. I truly believe it’s not what you know, but who! Michael is very well connected and has been able to push things over the line quicker than any broker I’ve used previously! I’d recommend these guys in a heartbeat! Another completion over the line today, on to the next one!
I’ve just re-mortgaged a property via Word On The Street, may I say that Danielle was amazing! Couldn’t have done any better, and everything went smoothly. All my mortgage requirements will go through Word On The Street from now on. Thank you.
Very likely the best brokerage in the UK. 5 stars on all accounts.
I have worked with many brokers over the years, but none have come close to the professionalism and expertise of Word On The Street. They have managed my large and complex property portfolio with absolute precision, always finding the best solutions no matter how challenging the case. Communication is clear, proactive, and they go above and beyond to keep everything moving smoothly. Their market knowledge and network are second to none, which has saved me both time and money. I would highly recommend them to anyone serious about building or managing a property portfolio.
5* service from genuine people who really care about the outcomes of their customers.