Bridging

Bridging loans are mainly used by clients who require quick, short-term capital to fund a property purchase, a quick repayment of an existing loan until long term refinancing is available or the repayment of other debt which could impact on the property.

This might include property developers, who often have the opportunity to secure a great deal if they can complete quickly, property auction purchases where time scales are usually tight, typically 28 day completions.

Further, some lenders will often not lend on a property if there is no kitchen, bathroom, central heating or running water or in a case of future development in the absence of planning permission. A bridging lender will typically take a commercial view and will base its lending on the property’s value in its current condition which would enable the client to borrow against that property.

We offer our clients a range of quick solutions including second charge depending on each individual case.