Bridging Finance FAQs
Speed and convenience are two of the main advantages of short-term funding. Bridging finance is much faster and easier to arrange than a conventional mortgage and can provide rapid funding. The application process is considerably more flexible and involves fewer rigid lending criteria.
As the name suggests, bridging loans are generally used to bridge a gap between two transactions. For example, if a client wishes to buy a property at auction, a bridging loan would be used to complete the purchase and would then be paid off when the borrower refinances onto a conventional mortgage.