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Bridging Loan

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Bridging Loan

Bridging Finance is a short term loan that provides fast access to funding when it is needed most urgently. Bridging loans can be used to raise funds for any reliable legal purpose and are designed to last for no longer than 12 months generally and require you to have a strategy in place to ensure that you can repay the loan.

To provide an example, bridging finance may be suitable for people who purchase a property at auction, where funds are required quickly. It is much quicker to arrange than a normal residential mortgage; on average 7-14 working days from the first enquiry to completion.

Key Product Features of Bridging Finance:
  • 3, 6 & 12 months discounted bridges
  • Up to 75% LTV available
  • First and second charge bridging
  • Rates from 0.8%
  • Bridging available for limited companies, trusts and partnerships as well as private individuals
Commercial Bridging
  • We can facilitate commercial Bridging on all types of commercial property .The security can be property you own already or which you intend to buy.
Why use a bridging loan?
  • Property Acquisition and Development: Bridging finance is especially useful for purchase at auction or if the property is to be developed and sold on within a short period.
  • Cash Flow: Generating capital for business acquisitions, stock purchase, etc.
  • Credit Repair: Funds can be used to discharge bankruptcies, clear IVAs and so on.
  • Chain Breaking: Purchase of new property when the current property is not yet sold.
  • Speed and Convenience: When funds are required quickly, the speed and convenience of bridging finance, makes it the ideal solution. Bridging loans are frequently being used when the high street banks cannot offer what the client requires.