A bridging loan is a type of short term property backed finance. They are often used to fund you for a period of time whilst allowing you to either refinance to longer term debt or sell a property.
Bridging loans are usually offered for between 1-18 months, with the loan repayable in full at the end of the term.
The application process is usually far simpler than for other types of borrowing and applications can complete very quickly, usually in 5-14 days.
Bridging finance can be offered against almost any property or land and can be used for a number of different reasons. The main uses are:
- Purchasing a property quickly – such as auction purchases
- Buying uninhabitable property
- Funding property restoration or conversion work
- Repossession prevention
- Buying property under market value
Our competitive finance solutions can help support your business growth. Speak to a member of our team on 01273 961755
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Lenders offer lots of different options when it comes to working capital funding and the rates and conditions can vary a great deal between lenders. When you work with us to find the best working capital funding option for your business, we get to know your requirements and your business well enough to find the best solution for you. We can then make an application on your behalf to make the process as quick and easy for you as possible.
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