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Bridging finance is one of the most efficient forms of lending and offers practical solutions for both small and large businesses.

Bridging Finance

Bridging Finance is a fast, short term loan taken out to facilitate a specific transaction. It’s best thought of as a temporary loan which gets you from A to B, until you can either clear the loan in full or secure a more permanent form of finance. That’s where the “bridge” idea comes in, finance to get you from one stage to another.

The loan is secured against a residential or a commercial property or land, by way of a 1st or 2nd charge taken against a new or already owned property or even a combination of both.

Bridging Finance is much quicker to arrange than a traditional mortgage. In some cases, this can happen within 24 to 48 hours, although a normal transaction usually takes around 7-10 working days from first enquiry to completion.

Why would you need Bridging Finance?

  • To purchase a property before you have sold your existing home

  • To purchase a property at auction

  • To be able to negotiate discounts for quick completion on investment properties

  • Entrepreneurs who need money quickly in order to fund a new opportunity

  • Property developers seeking to buy, develop and sell a property or properties quickly

  • Un-mortgageable properties e.g. no bathroom or kitchen​

  • From £10,000 up to £2,000,000 + (loan size)

  • Loan to Value: up to 75% for1st charge and up to 65% for 2nd charges

  • 100% finance with additional security

  • Term of loan usually from 1 month to 12 months, although in some circumstances this can be stretched to 18 months

  • Staged facilities including interest only charged on monies drawn and Retained interest

Overview of criteria

Bridging Finance does not fit every budget and every scenario but we can help you to establish this during our initial fact find with you. Advice and recommendations can then be given so that you can make an informed choice on what is right for you.

 Contact our experienced Brokers to see how we can help your business grow 

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