What is a bridging loan?

Bridging loans are short term lending typically used to fund a property purchase whilst waiting for another property to be sold, upon which clearing the bridging loan.

They are also used for many other reasons, including:

• When funds are required quickly – for example buying at auction or paying an urgent money demand
• When funds are only required for a short time – such as buying a bargain property that will then be sold for a quick profit
• Buying property that is in a poor state of repair, therefore unsuitable for a traditional mortgage
• Paying for property improvements to increase its value before it is sold
• Cash injection for business use

Our extensive panel of lenders is made up of the bridging providers who provide the best terms and offer the most competitive interest rates.

• Loans from £50,000 to £500 million
• Loan terms from 1 to 24 months
• Fast decisions and completions
• All types of credit history considered
• Applicants of all ages
• Income and affordability proof not required where exit is sale
• Can be used for any legal purpose

Bridging loans can be secured on all types of property

• Residential homes – Houses, bungalows, flats
• Buy to lets – residential
• Property portfolios
• Semi commercial or mix used properties
• Commercial properties
• Development land
• Land
• Property that is in a poor state of repair or un-mortgageable

We provide both regulated and unregulated bridging loans.

Bridging loans are either regulated or unregulated depending on what type of property is being used as security.

Properties that you or your immediate family live in, have lived in or plan to live in, are classed as regulated and must be written on a regulated loan agreement.

Loans secured against investment and commercial property are classed as unregulated, so are written on an unregulated basis.

Please call us to discuss any bridging requirements you have, or request a call back