Westwood Capital Finance: products, terms and eligibility

Westwood Capital Finance is a UK provider of bridging loans. The legal entity named on its site is Not published on site (Companies House name match: Westwood Capital Finance Limited), company number 13963121. It is based in Beverley. Companies House shows the company was incorporated 2022.

Westwood Capital Finance is based at Beverley Enterprise Centre, Beverley, East Yorkshire. Its site lists Gareth Fawke as Managing Director, and describes dealing directly with decision makers. No founding date or ownership is published on the pages read.

Everything on this page comes from what Westwood Capital Finance publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

Westwood Capital Finance publishes 3 products for UK businesses. The table above gives the amounts and terms as it states them.

• Bridging loans (purchase, refurbishment, auction, below market purchase, stock purchase, secured business loan): Interest serviced monthly or retained; repay at any time with no penalties; 1st or 2nd legal charge.
• Commercial mortgages (secured interest only): Interest only.
• Hunting fund: Pre-approved facility; contribution can be cash or additional security pledged, allowing 100% funding.

Bridging loans (purchase, refurbishment, auction, below market purchase, stock purchase, secured business loan)

Bridging loans run for up to 24 months, secured on 1st or 2nd legal charges, up to 75% of property value. Interest can be paid monthly or deferred to the end. Variants include purchase or refinance, refurbishment, auction, below market purchase. The site says there are no early repayment penalties.

Commercial mortgages (secured interest only)

Loans of £100,000 to £2,000,000 on 1st and 2nd legal charges, based on open market value of the security. Detail is limited on the pages read.

Hunting fund

A pre-approved facility enabling the borrower to make offers with confidence pending valuation approval. No further detail published.

Westwood Capital Finance says its finance is used for:

• Bridging between purchase and mortgage
• Property refurbishment
• Auction purchases
• Stock purchases
• Cash flow and contract funding

Westwood Capital Finance publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• Limited companies, LLPs, SPVs, sole traders, partnerships and high net worth individuals.
• Funding for any business purpose.
• Geography: United Kingdom.
• Up to 75% LTV on residential and up to 70% LTV on commercial property (open market value); up to 100% LTV for below market purchase.

A bridging loan is short-term borrowing secured on property, used to bridge a gap until a sale or longer-term finance completes. Interest is often rolled up or retained and repaid with the loan at the end, so the plan for repaying it, known as the exit, matters as much as the property.

Lenders lend up to a share of the property’s value and will want to see that exit. Bridging costs more than long-term borrowing, so it is worth understanding how lenders differ before you compare offers.

Points Westwood Capital Finance publishes that are worth knowing:

• Secured by a first or second legal charge on property.
• Security may be at risk if repayments cannot be kept up.
• Business customers who may not fit bank criteria are the stated focus.
• Auction finance may be available even for unmortgageable properties.

Security and guarantees

Security is property held under 1st or 2nd legal charge, including business or personal property for secured business loans.

Westwood Capital Finance’s site states: “Please make borrowing decisions carefully, property or other assets offered as security may be at risk if you cannot keep up with repayments.”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of bridging loans with profiles here include Assetz Capital, Black & White Bridging and Bridge Help. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.