Bridging Loan

Bridging Loan

Bridging Loan

Get help and support with sourcing and applying for a Bridging Loan, secured against residential or commercial properties. Funds can be for any business purpose including property investment/renovation and other short term lending requirements.

Bridging loans are most commonly used to purchase properties that are in need of refurbishment and therefore not mortgage-able. However they can also be used to get quick access to funds, if you have a property with sufficient equity.

We will help you compare different lenders and guide you through the application process.

Independent Bridging Loan Experts

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What Is A Bridging Loan?

If you are renovating a property or have a short term funding requirement, a Bridging Loan may suitable. Secured against residential or commercial property, release money for renovations or other business purposes.

  • Any Amount From £25k to £20 million
  • Loan Terms From 3 to 36 Months
  • Rates From 0.4% Per Month (Depending on LTV)
  • Interest Payments Rolled or Serviced
  • LTV Up To 80% and Up To 100% With Extra Security

How Does Bridging Finance Work?

A Bridging Loan is a faster and more flexible alternative to a mortgage, for short term funding requirements.

A Bridging lender will take a charge over your property, and provide you with an amount up to a certain loan to value (LTV) of the property. Once the loan is repaid, the charge is lifted.

Typical Fees May Include:

  • Arrangement Fee Charged by the lender
  • Exit Fee Sometimes Charged Upon Repayment
  • Surveyor/Valuation Fee is usually required
  • Solicitors Legal Fees
  • Monthly Interest

Types of Bridging Finance

There are a large number of different Bridging Financiers in the UK and a wide range of products to suit different needs. We can help you access what options are available for your unique circumstances.

Common types of Bridging Finance include:

Bridging Loans

A standard Bridging Loan may be suitable to assist with a property purchase or for a short term lending requirement.

Auction Finance

There are specialist bridging lenders that specialise in Auction Finance. If you are bidding on property at auction, you need to have appropriate funding in place.

Given the very quick turnarounds required, its often not possible to get a mortgage in place if you are not a cash buyer.

We can act very quickly to get you an Auction Finance offer in as little as 24 hours if required.

Use the equity in properties with existing mortgages or loans to secure additional funding. This could be for business purposes, property investment or to bridge short term funding gaps.

You can use a wide range of properties, such as: 

  • Main Residential House
  • Buy To Let Properties
  • Commercial Property
  • Land & Developments

Property Refurbishment

If a property is in need of renovation then a Refurbishment Bridging Loan may be required. The loan can be used to finance the purchase, typically up to 75% LTV. Then you can also potentially finance cost of works in arrears, up to 100% provided its no more than 70% of the finished value of the property.

  • Light Refurbishment
  • Heavy Refurbishment
  • Finance Purchase & Cost of Works

Land Bridging Loan

Are you looking to purchase or refinance land? If so we have a range of options available, with or without planning consent for development.

  • Max 70% Loan to Value.
  • Rates from 0.75% per month.
  • Terms up to 36 months.
  • Minimum loan size £50k
  • UK, including England, Wales, Scotland and Northern Ireland

Re-Bridge & Re-Finance

If your current funder is not providing the required funding for your project, we can look to replace them. There are a large number of specialist Bridging Funders in the UK and it may be possible to move to another funder if required.

Reasons can include, higher LTV, different lend appetite, current funder has withdraw your facility and more.

Development Exit

If you have completed a property development project, you may need more time to sell or mortgage your properties. A Development Exit Bridging Loan can give you more time to sell and often at lower rates than Development Finance.

  • More time to sell finished properties
  • Release equity for next project
  • Potentially reduce monthly interest rates