Bridging loans are short-term loans that like a mortgage, are secured against property or land. They are generally used to provide a temporary cash injection. But while most clients typically take out a bridging loan of up to 12 months, we can arrange bridging loans of up to two years. 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. 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.
Yes, but we may ask for an accountant’s reference or a tax return to verify your clients’ financial position.
No, but you can secure the bridging loan against a property in England, Scotland or Wales and then use the proceeds to purchase a property abroad.
We lend against residential and commercial properties as well as land. Proposed security must be in either England, Scotland or Wales.
You can have the money in a matter of days.
Yes we do.
We welcome applications from retirees.
Yes. Please contact us directly and we’ll explain how we can work with you and your clients.