Why the choice is narrower
Northern Ireland has its own legal system and land registration, with property registered either in the Land Registry or the older Registry of Deeds, and lenders need solicitors qualified in Northern Ireland. Many bridging lenders based in Great Britain do not lend there, which is why the panel is smaller.
On our panel, the lenders that lend in Northern Ireland include some with dedicated Northern Ireland products and some that lend UK-wide, mainly on larger loans. Loan to value limits, fees and minimum loan sizes can differ from the same lender's products in Great Britain, so it is worth comparing carefully.
Types of bridging available
Lenders on our panel that cover Northern Ireland consider residential and semi-commercial bridging, commercial bridging, land and some refurbishment and development exit cases. Some focus on smaller loans and will consider adverse credit, while others only lend from several hundred thousand pounds upwards.
Stamp Duty Land Tax applies to purchases in Northern Ireland, as it does in England, including the higher rates on additional residential properties. HMO licensing and landlord registration follow Northern Ireland's own rules, which refinance lenders will expect a let property to meet.
Arranging a bridge in Northern Ireland
With fewer lenders, a clear and complete case is especially important. Lenders will want details of the property, the purchase or refinance, any works, your experience, and evidence of the exit. Valuations are carried out by local surveyors, and the legal work by Northern Ireland solicitors.
We compare the lenders that lend in Northern Ireland on loan size, loan to value and terms, then approach those that fit. Instant Quotes lets you choose Northern Ireland as the location and shows the lenders that lend there, as a starting point. Final terms depend on each lender's valuation and checks.
If you or your family will live in the property
If the borrower is an individual or the trustees of a trust, and the property is, or will be, lived in by you or a close family member, the loan is a regulated mortgage contract with additional protections. We will tell you at the outset if that applies and how your case will be handled.
Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
