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What is a Bridging Loan?
A bridging loan is a short-term loan that helps bridge the financial gap between the purchase of a new property and the sale of an existing one. It provides temporary funds until a long-term financing solution is secured or the existing property is sold.
Bridging loans are used to prevent delays or seize time-sensitive opportunities. They have higher interest rates, require collateral, and offer quick access to funds.
Flexible Bridging Loans for a Wide Range of Property Needs
Need more help? →Our bridging loans offer the flexibility you need to handle a variety of property-related financial challenges. Whether you’re dealing with VAT bills, tax bills, or need quick funding for an auction purchase, we provide tailored solutions to keep your property transactions on track.
Why Choose Our Bridging Loans?
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Quick Access to Funds: Need fast finance? Our bridging loans can be quicker than obtaining traditional finance through a bank, giving you the funds you need to act fast in property transactions.
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Turned Down by Your Bank?: If you’ve been turned down by your existing bank, we can help. Our lenders specialise in working with clients who may not meet traditional lending criteria.
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No Proof of Income Required: We offer no proof of income loans, making it easier for those without regular income documentation to secure financing.
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Short-Term Loan Solutions: Whether it’s for a land purchase, settling an IVA or bankruptcy, or securing a property when a mortgage cannot be obtained, we offer flexible short-term loan options.
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VAT and Tax Bill Payments: Use bridging finance to cover outstanding VAT bills or tax bills while keeping your property transactions on schedule.
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Auction Property Financing: Secure funding for an auction purchase without the lengthy wait associated with traditional bank loans.
Key Benefits:
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Fast Approval Process
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Flexible Repayment Terms
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Competitive Interest Rates
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Expert Support Throughout the Process
Contact us today to discover how our bridging loans can help you navigate your property purchase or financial situation with ease!
01332 300300
Property collateral
Bridging loans are secured loans, meaning the borrower needs to provide suitable collateral, usually in the form of a property.
Ability to repay
Lenders assess the borrower's ability to repay the loan, considering factors such as income, assets, and existing debts.
Credit worthiness
Lenders may review the borrower's credit history to assess their creditworthiness and evaluate their ability to manage financial obligations.
Exit Strategy
Lenders will want to know the borrower's exit strategy, that demonstrates the borrower's ability to repay the loan within the agreed-upon term.
Honest opinions from people like you
There simply are no superlatives sufficient to thank you for your fantastic service! I would highly recommend mortgage and finance area to any of my friends or family looking for a mortgage. You’ve made our dreams come true! The team go above and beyond to make everything so easy.
The advice and financial services I have recently had from Charlotte at Morgage And Finance Ltd in Derby has been first class. Very professional, helpful, efficient and supportive. I wholeheartedly recommend them.
Suzanne and Charlotte were amazing and made the process of buying our first home completely stress-free for us. They were both on hand if we ever had any problems/questions and always responded with knowledgeable and completely honest answers. I would highly recommend.
If I could rate this company more than 5 stars I would. I cannot fault the service and support my partner and I have received whilst getting our first mortgage together. Ian and Megan have been amazing, making the process completely stress free. They were both on hand if we ever had any questions. I would highly recommend. Thank you!
There simply are no superlatives sufficient to thank you for your fantastic service! I would highly recommend mortgage and finance arena to any of my friends or family looking for a mortgage. You’ve made our dreams come true! The team go above and beyond to make everything so easy.