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Bridging Loans

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Bridging Loans
A bridging loan is a loan to an individual or a company that can be taken out on a short-term basis, secured against a residential ⁄ commercial property or land, until such time as the property is sold or refinanced with a long-term lender.

  • A Bridging Loan is secured against property by way of a first legal charge. This could be a new purchase or a refinance.
  • The term of a loan can be from 1 day up to 1 year.
  • A bridging loan can be from £30,000.
  • Terms and conditions are negotiable.
  • Loans are assessed against open market value and not purchase price.
  • Loans can be either open or closed. A Closed Bridge is when there is a guaranteed exit  already established.
  • With DIPs delivered within 60 minutes and funding available within 24 hours, bridging loans may suit those clients needing rapid short-term funding.
  • The money raised through a bridging loan can be used for any legal purpose.
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