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Bridging Loans
Bridging Uses
When it comes to securing bridging finance, time is of the essence. Finding the right solution can be a make or break situation when there's a property deal on the line or an urgent bill to pay.
Property Auction
When the hammer falls, you will be required to pay a 10% deposit straight away and complete the purchase with the balance of funds – usually within 28 days. If you fail to complete within the 28 day time period, you may lose your deposit or be charged default fees so we can deliver to these time scales.
Chain Break
If you are involved in a property chain that falls through, we can secure fast funding, saving the chain from collapse and enabling you to progress with the purchase of your new property.
Property Refurbishments
Many mortgage products are not suitable for properties which require refurbishment or are deemed inhabitable (no bathroom or kitchen). We can offer bridging finance to solve this problem. On completion of the work, your loan can be repaid either by selling the property or refinancing.
Fast Property Purchase
Many landlords and investors are now turning to short-term finance as a means to turn around transactions quickly. We can secure bridging loans in a matter of days, allowing purchasers to act quickly when searching for a suitable property.
Land without Planning
If a plot of land has been placed for sale and you would like to build on the land for investment purposes or personal use, we can secure a bridging loan to purchase the land before getting planning permission.
Buy to Lets
We can help bridge against buy to lets if you are looking to expand your property portfolio, or your chosen property is not yet rentable in its current condition.
Downsizing
If you're looking to downsize in retirement and have found the perfect property, you don't need to wait to sell your current home. With a bridging loan, you can use your equity to buy before the sale of their existing property.
Capital Raise
Using your existing land or main residence as security, we can raise capital for almost any loan purpose within a short period of time - to suit your timescales.
We can bridge on all property types, whether it's a house of multiple occupancy or student lets, our support and expertise can provide necessary funding quickly.
Commercial
If you are looking to secure commercial investment property in a hurry, we can quickly arrange a fast, competitive deal to suit your requirements.
Refinance Bridging
We can arrange a bridging loan in order to refinance an existing bridge loan.
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