Bridging Finance
Flexible and fast bridging loans to secure your property deal
A bridging loan is a short-term financing option, typically lasting up to 12 months. It is secured against an existing property or one you plan to purchase. Bridging loans are available on two types of agreements: 'status' (where income must be proven) or 'self-certification' (where no income verification is required).
A fast and flexible method of raising finance. Bridging loans provide a quick, adaptable way to raise the finance you need, whether for property purchases, developments, or more.
There are two main types of bridging loans: the 'closed' bridge and the 'open' bridge.
A 'closed' bridge is available to homebuyers who already have a mortgage offer for a property purchase or a signed contract for a property sale.
An 'open' bridge is suitable for homebuyers who have found a property but haven't yet sold their existing one, or those who are caught in a chain and unable to proceed with the sale.
Bridging loans can be used in various scenarios. Some typical uses include:
- Buying a property at auction
- Equity release for additional funds
- Avoiding a property chain – buy a new home before selling your current one
- Property conversions and development projects
- Preventing property repossession
- Short-term cash flow – quickly release equity for urgent needs (e.g., tax payments)
- Discounted property purchases – enabling you to secure below-market deals with fast completions
"A very fast and flexible method of raising finance."
Bridging finance is available on both a residential (up to 75-80% loan-to-value) and commercial (up to 65-70% loan-to-value) basis.
To learn more or to discuss your options, call us now at 01392 927327 or contact us today.
Please note: Some products or services shown may not be regulated by the Financial Conduct Authority.
