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BRIDGING LOANS

Short-term, swift finance

Bridging

Bridging Loans are a type of short-term finance, which are used to ‘bridge’ the financial gap over the course of a property transaction.

Features of a Bridging Loan
  • Regulated & unregulated loans available
  • Interest rolled/retained or serviced
  • Rates from 0.55%
  • Terms up to 24 months
  • Loans from £20,000
  • Up to 80% LTV (100% available with additional security)
  • 1st, 2nd & 3rd charge options available
  • Available in England, Wales, Scotland and Northern Ireland
  • No exit fees in most cases

Bridging loans are often completed quickly, making them perfect for customers who are looking to swiftly secure funds for property transactions.

Lenders will need to see a viable exit strategy from your customer. This could be a range of things, including selling the security property, or taking out a mortgage to repay the bridging loan.

Usages

Bridging loans are typically used for:

  • Auction purchases
  • Renovation
  • Below Market Value
  • Unmortgageable properties
  • Change of use
  • Buy to Let
  • Broken sale chains
Eddie

We have access to a large panel of bridging lenders.

Affirmative Finance
Funding 365
Precise Mortgages
Shawbrook Bank
United Trust Bank
West One

Want to know more? Check out these related articles to find out more about our products and how we can help you get the best for your customers.

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