Bridging Loans

Bridging Finance, short term loan

What is a Bridging Loan ?

 Bridging finance is usually a type of short-term business loan. It’s best thought of as a temporary loan which gets you from A to B, until you can either clear the loan in full or secure a more permanent form of finance. That’s where the “bridge” idea comes in – finance to get you from one step to another. 

short term loan, bridging finance

 

You need a Bridging Loan when

  • You’re purchasing a property at auction or on a deadline and don’t have time to organise long-term finance.
  • You need to raise capital to renovate a property
  • You want to raise capital for property refurbishment projects, or any other business purpose
  • You have a tax liability (it’ll help clear your debt).
  • You need to get planning permission. In order to obtain planning permission and secure development funding, the developer may need immediate access to capital.
  • You need a lease extension. When a property has a short lease a borrower will likely be refused a traditional mortgage. A bridging loan can be used to extend the lease, which then makes the property mortgageable through conventional lenders.
  • You’re in a broken property chain. A bridging loan enables a seller of one property to secure their new property before the sale of their existing property goes through.

short term finance, bridging loan ,

Act Fast ,,,,

 As experienced bridging loan advisors, we utilise our contacts to secure you the best possible deal. Whether you are looking for the lowest rate, completion in under one week or simply need honest advice; we’re here to help. Our specialised knowledge of bridging loans means we can offer fast decisions and market leading terms for every enquiry.