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What is a bridging loan?

It is a short term secured loan used to 'bridge' the gap until property is sold or refinanced with a long-term lender. Bridging finance are to fulfil requirements usually in emergency and crisis situations like buying new property before selling an old one, buying property at auction, business expansion, finish residential or commercial property development, covering a break in a property chain, upgrade or refurbish property before sale, business cash injection, raise funds on unmortgageable property, lease extension, divorce settlement, or to pay an urgent unexpected bills.

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Our Team

We are a group of brokers specialise in bridging finance not restricted to any lender or panel of lenders. As independent brokers we offer advice based on the whole market for both commercial and residential clients. We pride ourselves of having access to many loan providers from high street banks to small private investors, with the number growing on a regular basis which enables us to pick the one that serves each client best.

We are very transparent with all our services and you can be sure that what you see is what you get.

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How much you can borrow?

We can arrange residential bridging loans from £10,000 - £5 million and business finance from £25,000 - £500 million. Funding can be available within 48 hours with loan terms from 1 day to 2+ years.
The maximum loan to values is dependent upon the property taken as security up to 75% on a first charge, 65% on a second charge and 60% on a third or fourth charge. In some cases we can offer up to 100% of the purchase price with additional security. All first charge residential bridging loans are regulated by the FCA (Financial Conduct Authority).

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Rates from 0.59% pm – 1.5% pm
Terms from 1 day to 2+ years
Fast funding (48 hours is possible)
Quote based on 80+ lenders
Negotiable rates for large bridging loans £50m+
Decisions in principle within hours of application
No maximum age restrictions
Interest Roll-Up Schemes
1st, 2nd and 3rd charge
All types of construction
All types of property
Flexible repayments
Poor credit history


Bridging loan for auction property

More and more houses are being sold in what are called property auctions. In simple terms this means that homes and businesses properties are placed in an auction type scenario and they are sold to the highest bidder. This is an exciting prospect, potentially very profitable and the main beauty is that once the hammer falls, you own the property. There is no danger of a sale falling through at the last minute. Now of course you do need to know what you are doing and research is highly important. You need to find the auction, get a list of the properties available, and pick those that you like and then go and see them. Clearly you need to understand the value of houses in that area and also understand what extra money you will need to develop them. A typical auction house sale has only got a 4-week span from first being advertised to sale day so time is of the essence. You therefore need to do comparisons to other properties in that area quickly, taking into account the condition of the property and understanding what is called the “going rate”. Once you have decided on a property almost all auction houses will give you a legal pack and is crucial to read this through and through. If something strikes you as odd then you should discuss this with your solicitor.  In the UK at especially in the property auctions the agreement is that you should have a 10-20% deposit available on the day of the auction and you must pay the remainder off within 28 days from that first purchase. It is important to understand that if you fail to pay off the remainder then you will lose your deposit so make sure that you are never in this position.

Quick finance for property auctions

Have you considered bridging loan for property auctions? The housing market in the UK, has recently reached the lowest point for years. Economic forecasts now predict that the market has steadied and will slowly start to grow. For those of us interested in investing in either residential or commercial properties, the times ahead should now be more stable, and there should be slow growth over the next several years. If you are someone who wants to create an investment by buying property, then prices are now as competitive as you are ever going to see. The recent budget in the UK has once again put the entire property market on centre stage, especially the element known as the “Funding for Lending scheme”. To generate growth in the property market this scheme will allow buyers to take advantage of shared equity loans which in essence will cover off the high deposits now being requested by mortgage lenders. The net impact of this Government announced scheme, is that buyers especially first time buyers now has an increased opportunity to either get their first home or to upgrade to a better home.

Using a bridging loan for property auctions

If you are cash rich then you would never need to consider a bridging loan as means of financing a house bought at auction. However, the vast majority of buyers are not in this fortunate position, and must resort to other methods of financing their new purchase. Mortgages, if you can get one, are certainly one method but in the most cases is impossible to arrange it within 28 days. More popular option is what is termed bridging finance. A bridge loan is a short-term financial solution that can be used by either a consumer or a business. They come in two distinct types open and closed. An open bridging has no fixed repayment date whereas a closed bridging will have a defined repayment date. An open bridging loan, as it is more flexible, will have higher interest rates than a closed one. Therefore it is a decision for you and will depend on your own circumstances. If you are certain that you can make a final repayment date then you would opt for a cheaper interest rate. If you wanted a more flexible approach then the sacrifice for that freedom is that you will have to pay higher interest rates to obtain that financial freedom.

Bridging finance for property developers

Imagine there is a shortage of cash in the midst of a development project. The worst that can happen in such situations is that the construction work stops. Costs increases with each day of delay. If this is not the way you would like your development project to go, then development bridging finance will play an important role. A development bridging loan has been designed primarily for those involved in the construction industry. Development projects run to tight timetables. Unless a continuous supply of capital is ensured, there are chances that the project is unduly protracted or ceased. Through bridging finance, the builder can have instantly the amount that is required for the development project. This ensures that work is not hampered and continues smoothly. Flexibility is one of the principal features desired by borrowers. We ensures that its customers get maximum flexibility on the terms, whether it is the method of charging interest or the method of repayment of a loan. Borrowers have sufficient discretion in the manner in which they can receive their funds. Loans are offered for conversion purposes also. Hotel owners can thus get funds through bridging for conversion into residential flats. Similarly, bridging loans may be employed for extra construction on a pre-existing flat, apartment, hotel, etc.

All email and phone enquiries are answered by experienced brokers who are always happy to provide quote and answer any questions that you may have. We are very transparent with all our services and you can be sure that what you see is what you get. This means that we don’t have any hidden costs that you might come to know of later on after you have signed the contract.

Your property may be repossessed if you do not keep up repayments on a mortgage or any other debts secured on it.