BridgeCrowd loans are secured by
a mortgage over UK property

12% average return per annum and you choose the deals

Whilst the loans which BridgeCrowd make are secured against property, your capital is at risk.

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Past performance is not an indicator of future results

12% annual

returns
VIEW STATISTICS

Whilst the loans which the BridgeCrowd make are secured against property, your capital is at risk.

Past performance is not an indicator of future results

returns

The average interest paid to investors is 1% per month (12.68% annually).* Interest is paid monthly. The average loan term is 6 months and our maximum loan term is 12 months.

*your capital is at risk

security

We take a 1st or 2nd charge mortgage over UK property. All of the properties are valued by a RICS approved surveyors who indemnifies us as to the value. Our maximum loan to value is 70%

As a lender, you choose the loan to fund and you earn interest pro rata to your loan investment. We hold the mortgage security is held on trust on behalf of all lenders.

secured

over UK property
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we put our money
where our
mouth
is

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we put our money into every deal

We only ever offer the chance to finance loans that we have personally invested into. BridgeCrowd grew out of a family business. The directors, partners and founding family members have been involved in bridging for 20+ years and as a general and almost invariable rule invest some of their own money into every single deal.*

We can therefore be trusted to take the same precautions with your money as if it was our own.

*subject to personal funds

meet the team

The experienced team have been lending and processing bridging loans for a combined 20+ years and come from a variety of financial and legal backgrounds.

loans underwritten and fully redeemed by team

£68,574,000

MEET THE TEAM

Past performance is not an indicator of future results

0

capital losses

the team have been lending since 2012
VIEW STATISTICS

Past performance is not an indicator of future results

view statistics

The team members have processed hundreds of loans and millions of pounds over the last 15 years and never lost any capital. They have developed extensive due diligence processes and procedures as well as paramount fraud prevention systems.

The statistics stated refer to net figures over the last 12 months of trading. Past returns are not necessarily a guide to future returns. The net return shown for each investment is the net return after fees but before any deduction for tax and the return is specific to each loan. Your capital is at risk.

we are proud of what we do

we have new secured loan opportunities available weekly, see some of our live loans below.

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Balnaird Steading, Heights of Inchvannie, Strathpeffer, Rossshire, IV14 9AE

30/04/2016

Balnaird Steading, Heights of Inchvannie, Strathpeffer, Rossshire, IV14 9AE photo

loan value

£42,000.00

LTV

43%


charge

2nd

interest rate p/m

1%

255 Guardwell Crescent, Edinburgh, EH17 7SL

23/11/2016

255 Guardwell Crescent, Edinburgh, EH17 7SL photo

loan value

£208,000.00

LTV

65%


charge

1st

interest rate p/m

0.85%

52 Westfield Road Edgbaston Birmingham B15 3QQ

16/12/2016

52 Westfield Road
Edgbaston
Birmingham
B15 3QQ photo

loan value

£1,234,200.00

LTV

49%


charge

1st

interest rate p/m

1%

78 Davey Drive, Brighton, BN1 7BJ

31/03/2017

78 Davey Drive, Brighton, BN1 7BJ photo

loan value

£80,520.00

LTV

59%


charge

2nd

interest rate p/m

0.9%

Flat 3, 15 Cromwell Road, London, SW7 2JB

12/05/2017

Flat 3, 15 Cromwell Road, London, SW7 2JB photo

loan value

£121,000.00

LTV

21%


charge

1st

interest rate p/m

0.6%

(1) Riseley Hall, Dartford, DA4 9JL + (2),(3),(4) .... (12) and x12 Buy To Lets

14/06/2017

(1) Riseley Hall, Dartford, DA4 9JL + (2),(3),(4) .... (12) and  x12 Buy To Lets photo

loan value

£891,103.00

LTV

64%


charge

2nd

interest rate p/m

1%

31 Britton St, London, EC1M 5UH

15/06/2017

31 Britton St, London, EC1M 5UH photo

loan value

£491,629.00

LTV

67%


charge

2nd

interest rate p/m

1%

27 Chapel Street Thurnscoe Rotherham S63 0QP

30/06/2017

27 Chapel Street
Thurnscoe
Rotherham
S63 0QP photo

loan value

£7,000.00

LTV

55%


charge

1st

interest rate p/m

1%

Land w planning at Brocketsbrae Road Leshmahagow Lanark ML11 9PT

05/07/2017

Land w planning at Brocketsbrae Road
Leshmahagow
Lanark
ML11 9PT photo

loan value

£910,000.00

LTV

41%


charge

1st

interest rate p/m

1%

82 Adisham Road, Sittingbourne, Kent, ME10 2SR

07/07/2017

82 Adisham Road, Sittingbourne, Kent, ME10 2SR photo

loan value

£21,500.00

LTV

46%


charge

2nd

interest rate p/m

1%

LENDER FAQs

What is our aim?

BridgeCrowd is a growing group of like-minded people and businesses whose aim is to improve their finances through borrowing and lending. By bypassing banks real people make real decisions about bridging loans and benefit from high returns on their investment, all secured over UK property.

what is a bridging loan?

A bridging loan is typically used to cover shortfalls in funding or finances and it is “secured” against a property. Basically, like a short-term mortgage.

who is a typical borrower? what do we lend against?

The type of borrowers that apply vary and range from property developers looking to renovate, refurbish, develop or buy new properties to business owners looking to improve their business. The one commonality in all of our loans is that the borrowers own a property that we feel comfortable to hold as security until our loan is repaid.

We lend against UK property and land. The majority of our deals are over UK residential properties. We will consider securing over the semi-commercial and commercial securities if the loan to value fits our criteria. Our maximum loan to value is 70% (80% in special circumstances).

security?

We take a 1st or 2nd mortgage or secured loan over UK property. All of the properties are valued by a RICS approved surveyor who have indemnity policies that cover us for a negligent or mis-valuation. Our maximum loan to value is 70%. You choose the deals to fund. The mortgage security is held on trust for you until you are repaid from the sale or refinance of the property.

how do we make money?

BridgeCrowd makes its profit from the spread in interest rate that is charged to its borrowers and the rate that it pays to you. For example, borrowers typically pay interest at 1.25%, of which you will receive 1% per month and BridgeCrowd receives 0.25% per month.

do you have a secondary market?

Yes, and it is quite active. Please note that whilst the Secondary Market is very active, with average sales taking under 24 hours, your ability to sell your loan on the secondary market is subject to other lenders willingness to buy your loan part. Loans that are over term can not be listed on the BridgeCrowd Secondary Market.

underwriting, fraud, valuations...

Risk, underwriting and fraud

The team

The team members have been lending and processing bridging loans for 15+ years and have a combined experience of over 50 years. Our backgrounds range from accountancy, insolvency practice, legal profession (barristers and solicitors) and loan underwriting. Our experience in bridging has taught us what deals to enter into and what deals to turn down. Importantly we know the loan to value criteria for different styles of properties as well as when to allow a loan extension and when to re-possess. We have developed extensive due diligence processes and procedures as well as excellent fraud prevention systems. Notably, we have processed thousands of loans and millions of pounds, and have never lost any capital. meet the team

Valuations and Loan To Value

We always obtain an independent property valuation from one of our paneled or approved RICS surveyors that have passed our due diligence and compliance procedures. We check their experience and the level of their indemnity cover to insure against any negligence or undervalued properties. The valuer will physically visit and inspect the property and provide us with a comprehensive report and photos of the property that we are lending against. This will include details on the local market and evidence of comparable recent sales for the property as well as any other specific requirements that are of importance.

Indemnity

The surveyors also provide an indemnity against the valuation that they placed on the security. This provides a secondary layer of security. Should the valuation be dramatically different from the sale price that is achieved should we foreclose and sell the property, then we will pause the surveyor’s insurance indemnity policy for any economic loss after it has been mitigated.

Solicitors

Our solicitors process over £45million of loans and repayments each month for some of the UK’s largest bridging lenders. Suffice to say, they are collectively regarded as one of the specialist legal teams in the industry for both due diligence and recovery.

Our solicitors undertake additional due diligence on every borrower as well as the property security, title deeds, local searches and borrower's solicitor. Our solicitors draft the loan agreements that have been refined using years of experience as well as registering the legal charge over the security (unless the clients solicitor is registering the charge).

We perform extensive due diligence on the borrower's solicitor, ensuring that they have appropriate indemnity cover and at least three partners.
In addition, every borrower is required to meet a solicitor in person and seek independent legal advice. The solicitor must meet the borrower and explain the loan agreement and the consequences of not repaying the loan. This is done so that the borrower can not state they were unaware of what they were entering into and unsure of the potential consequences if they do not repay the loan. The solicitor also witnesses their signature of the loan and mortgage to ensure that the right borrower signs the contracts.

Borrower’s due diligence

We undertake an extensive variety of far reaching searches on the borrower (and the borrower's solicitor) to ensure that all parties and the statements of the borrower are backed up with evidence. We search credit reference agencies and undertake insolvency searches, courts searches, bankruptcy searches, and PEP sanctions. Additionally, our fraud prevention technology plugs into major credit agencies, and we ensure that every borrower provides identification and documentation that is authenticated to a high a level of security.

Hedge your risk

You have access to multiple loans and as such, you can spread your risk over multiple deals with varying repayment deadlines and interest rates.

what return can I expect and how long are the loans?

This depends on the loan to value (LTV) and type of security. As a guide the following are the current returns paid to investors.

LTV
Under 50%
LTV
50% - 70%
1st charge loans 0.6% per month 0.8% per month
2nd charge loans 0.8% per month 1% per month

what is the risk? where does my money go?

Although to date we have actually not lost any capital, previous historical performance should never be treated as an indicator of future performance. Any investment loan carries risk and the value of the security may reduce over time, for a wide range of reasons. For example, in the event of a significant fall/correction in the property market our LTVs will be likely to move towards 90% / 100%. A good strategy would be to spread your funds out over a few deals to limit your exposure to any particular property.

are there any fees?

No, we do not charge lenders any fees for membership or for repaying funds.

what happens if the Borrower defaults under his loan?

The default process varies on each individual loan that we make. Sometimes we may extend the loan and on other occasions we may appoint receivers to re-possess the property and sell it in a timely manner. We always build into our loans the ability for the borrower to extend the term by a further reasonable period. This is especially important in cases where the borrower is selling the property and it is on the market or the borrower is arranging a refinance and we feel that the borrower is likely to achieve this goal within a reasonable time frame. Should the property be on the market for some time and it has not had any firm offers we may ask the borrower to reduce the asking price. Where the borrower refuses to cooperate, we would then consider appointing receivers. The decision of how to manage the loan and whether to allow an extension or appoint receivers rests with BridgeCrowd. We may ask affected investors for their views, but the final decision always rests with us.

what happens if we were to stop trading or become insolvent?

Social Money holds the securities over loans to all borrowers in a trust on behalf of you. Should BridgeCrowd stop trading or become insolvent, then these security interests are ring fenced from the BridgeCrowd insolvency. The liquidator or administrator would be obliged to recognise the trust arrangements and use the property in trust to return capital and interest to the relevant Lenders (and not apply these assets towards BridgeCrowd’s creditors generally).

Are you regulated by the FCA? Are my funds protected under the FSCS?

BridgeCrowd is a trading name of Social Money Limited, authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 675283) for credit broking, debt adjusting, debt administration, debt-collecting and debt-counselling activities and consumer buy to let loans. Social Money Limited is a company registered in England (reg no. 08054296). Social Money makes regulated and unregulated loans. However, as a lender, the loans that you make are not regulated by FCA.

Your loans are not covered by the Financial Services Compensation Scheme.

how does the referrals scheme work?

The referrals and cash-back scheme is where you are referred from one of our partner companies or where you refer friends, clients or colleagues. You will receive a £250 cash-back reward for every referral made. The referral cash back can only be given when the referred investor has invested £5,000 or more into a new loan within 45 days of signing up. This offer is not valid for the secondary markets and for members of your immediate family or the same household.