Bridging Loans

If you are looking to buy a property without selling or waiting for your sale to complete on your existing property a bridging loan could be the answer. 

What is a bridging loan?

Bridging loans work by literally bridging the gap in your finances from the purchase to the sale of a property. This type of lending helps you move forward by giving you access to funds, quickly, when you need them.

Features of bridging finance:

• Bridging loans can be arranged quickly.
• They can be used as a short term alternative to a traditional mortgage on any type of building, or for development or refurbishment projects that do not qualify for a traditional mortgage.
• The cost of borrowing tends to be higher than a traditional mortgage.

There are many reasons to use bridging finance click here to read about just one example of a client using bridging to move their plans forward.

Using Bridging loans can be complicated, and an exit strategy should be in place – our expert team can help.