Bridging Finance is available through our trusted Business Partners who are also part of the Mortgage Advice Bureau Network. They have access to the whole of the market for these types of loans.
What is a Bridging Loan?
Bridging Loans are a way of borrowing funds in the short term. They basically “bridge the gap” if you need to buy one property before selling another. Unlike Mortgages Bridging Loans can be arranged quickly If speed is important.
Typical cases that we can assist clients with obtaining a Bridging Loan are below:
Property Purchase (Residential/Commercial)
Deposit for Investment Property
Buy and Renovate
Raise funds to extend lease
Time sensitive deal
Short-term business finance
Short-term cash flow problems
How do they work?
You can borrow between £50,000 and £10 million with a bridging loan. The amount depends on how much equity you have available.
Typically the maximum loan including interest is limited to 75% of the value of the asset.
The loan would then be secured on the property or across multiple properties to raise the required funds.
Bridging Loans are not directly assessed based on your income.