Bridging Finance

A bridging loan is a short-term loan typically taken out for a period of 2 weeks to 12 months pending the arrangement of a longer-term finance option.

A bridging loan can be used to;

‘Bridge’ a gap between a debt that is due and the main line of credit becoming available. (i.e. When you’ve seen a property, you wish to purchase but have not sold your current property to fund it.)

Buy auction properties, this can be a quicker way to fund a purchase.

Buying a property that is not habitable, to refurb and make suitable.

Key Benefits
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT
SOME TYPES OF BRIDGING FINANCE ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY