Bridging Loans
A Bridging Loan or Bridging Finance is typically used as short term funding in the event that other longer term funding cannot be secured at short notice. This type of financing is suitable for Residential and Commercial properties in England, Scotland and Wales and loans can be arranged from £25,000 to £150 Million +. We also arrange overseas bridging finance up to 75% Loan to Value on Developments, Commercial, Industrial from a minimum of £5m to £100 million+.
Bridging finance is typically available as "closed bridging" or "open bridging", please click on the options to read more.
Why might you need bridging finance?
- To raise capital on your new or existing property or both
- If your property sale has fallen through and you are purchasing another property
- If your business needs a short term captial injection
- You need finance quickly to purchase a property at auction
- Your property is partially refurbished though not yet in a habitable condition and you cannot obtain a mortgage until the refurbishment is complete.
- Divorce settlement
- Prevention of repossession of residential or commercial property
- For urgent payment of a tax bill
Options available with Bridging Finance:
Interest Roll up
No monthly interest payments are required, instead the lender rolls up the interest and this is added to the balance on redemption of the loan.
100% Bridging Loans
Available for genuine discounted purchases, the loan is secured on the property with the discount providing security for the lender.
Variable or Fixed Rates
The majority of lenders offer variable rates than are most commonly linked to the Bank of England base rate, other offer a variable rate with LIBOR being the underlying rate. Some lenders will offer loans on a fixed rate.