What is a bridging loan?

A Bridging Loan is a type of loan that  is used to cover shortfalls between buying one property and selling another; or to cover businesses between funding tranches.

A prime example of when you might need a bridging loan would be if you're poised to buy a new home but are let down on the sale of your existing one.

To secure your new home, before it goes to the competition, you could use a bridging loan.

It's basically a very short term mortgage. Like a mortgage, it's a loan that is "secured" against property.

Bridging loans can be used for reasons other than buying and selling property...

Holidays - the dream of a lifetime
Weddings - the wedding you always wanted for your children 
Cashflow - when you need some cash urgently 
Inland revenue - for those unexpected payments 
Business capital finance - when funds are required for a short period of time
Development finance - for building residential and commercial units
Land purchase - with and without planning permission
Overseas Property - for commercial, residential and holiday properties

Loan security

Any type of residential, semi-commercial or commercial property or land in England, Scotland and Wales can be considered as security for a bridging loan.

Get free initial advice and a no obligation loan quotation

Simply complete our no obligation enquiry form to see whether we can help you. You'll get free initial advice from a broker who has access to the whole of the market in the UK.

You'll receive advice on the most suitable deals for you. Quotations are FREE, so it costs you nothing to see what your options are.

Think carefully before securing your debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.