Bridging Loans

Bridging Loans are short-term loans for a large amount of money. This kind of loan is useful for example when you want to finance the purchase of a new property, but have not yet received funds through the sale of an existing owned property.

The loans are generally secured on a property or other assets of high value - meaning that the value of your asset is used to guarantee your loan. Payments are interest only, so your monthly repayments are lower as you are not paying back any of the loan principal (although lump sum repayments are possible).

As these are short-term loans, the interest rate will tend to be higher than that of, say, a mortgage, making bridging loans unsuitable for long term financing, but highly useful for when you need funds fast. If you are looking for a bridging loan as a short-term mortgage or need help when switching mortgages, changing mortgages or transferring mortgages, then help may be at hand.

Based on our research, interest rates can vary enormously dependant upon the lender used. The best loan to value is a maximum of 85%.

Please note:- Many people think that they require a bridging loan when moving house and buying a new home but often we can help them to arrange a new mortgage without the need to bridge.

Telephone us on 01254 660101 to speak to an adviser or complete an enquiry form and we will contact you as soon as possible