What does a lender need to know about you?

When making a lending decision for bridging finance, typically lenders will prioritise the viability of the property deal more than your creditworthiness.

Some things banks want information on:

Do you have any experience doing property flips or development before and if so, they would like to see what work you have done before.

What is your exit plan for paying off the loan? Is it the sale of a property or the refinancing ? Typically they will check to make sure it is achievable in the given period of time.

Do you have any other assets ? if you default on the loan and by selling the property they still haven’t received payment in full they can legally go after other assets.

These points may restrict your lending options but there is always bespoke lending available.