Bridging the finance gap

Traditionally, bridging loans have provided a solution in the broken residential chain. Bridging finance enables someone to purchase one property before they complete on the sale of another.

So when a buyer for the borrowers property pulls out, they could opt to take out a loan against an existing property (as long as it is not the borrower's home) to allow them to complete on the purchase of their new home.

Bridging can also be used where the property in question is unsuitable for mainstream mortgage purposes, where a mortgage offer may have been withdrawn, or where there is a time constraint such as buying at an auction.

Getting deals done

In today's financial landscape, the role of bridging finance has become increasingly important as a mechanism for getting deals done. A bridging loan is typically used to cover shortfalls in finances and is secured against a property.

Whether your case is simple or complex, we could provide solutions to help. Bridging loans can provide a solution when you're looking to meet tight transaction deadlines, for instance if you're a homeowner looking to secure the purchase of a new property prior to the sale of your existing home, purchase a property which is in a poor condition requiring refurbishment or enable the purchase of a property at auction.

Bespoke approach

Specialist short term lenders can often be distinguished from their high street counterparts because they tend to be more flexible in their approach meaning they will look far more closely at a borrower's circumstances rather than simply applying computer generated credit scoring techniques.

Each bridging loan is assessed on its own merits to determine whether it's a sensible course of action from the perspective of both the borrower and the lender. If the deal makes sense, bridging lenders will do their best to make the funds available as quickly as possible, often within days.