Bridging Finance

Bridging finance products offer a short term borrowing solution to customers who need to facilitate a deal on a fast turnaround. The term can range from 3 to 6 to 12 months, after which the customer could switch to a longer term loan or mortgage depending on whether the property on which the bridging loan is secured is a commercial or residential property respectively.

There are various types of bridging such as follows:

Standard bridging is ideal for customers looking to secure the purchase or refinance of a residential or investment property including:

  • Chain break – whilst waiting for an additional property sale
  • Raising funds for short term requirements
  • Auction purchase
  • Capital raising for any legal purpose
  • Meeting tight transaction deadlines

Light refurbishment is used where short term finance is needed for items such as:

  • Modernising properties
  • Replacing kitchens and bathrooms
  • Properties deemed uninhabitable/unlettable by long term lenders

Heavy refurbishment is where your customer may require short term finance for works that require building regulations or planning permission. This could help with:

  • Conversion and reconfiguration of residential property commercial to residential
  • Completing a development that is wind and water tight
  • Extension, loft conversion and basement.

Could this apply to your plans and intentions? If so, then why not contact us now, or ask us to contact you.


Commercial Loans

Commercial Loans

Would you want to buy your own business premises? offices? shops? Or would you want to buy an existing business? Raise additional […]