Bridging Finance

If you need finance quickly and are unable to arrange long-term mortgage finance immediately then short-term Bridging Finance might be the answer.

Mortgages for Business has access to a number of Bridging Finance / Loan providers and can arrange finance quickly so that you do not have to miss-out on your chosen property purchase!

Bridging Finance is a short-term loan to an individual or a company secured against residential or commercial property. The loan is repaid once the property is sold or refinanced with a long-term lender.

- Bridging Finance is normally secured by way of a first legal charge over the subject property. Second charge Bridging Loans can also be considered if you have significant equity in your  property and require funds for a short period of time.

- The term of the loan can be as short as 1 day and usually up to a maximum of 12 months.

- Loan amounts generally start at £25,000 with no maximum.

- Interest Rates start from around 1.25% per month with the possibility to roll up interest during the loan period.

- Decision in Principles can be arranged within a matter of hours with funds released within 72 hours if required.

Investors are increasingly using Bridging Finance as a useful way to expedite the completion of their proposed property purchase.

If you would like to apply or discuss your requirements for short-term finance with one of our specialist consultants then please contact us on 0845 271 0955 or fill out our online enquiry form.

Why not also take a look at our commercial property finance, property development finance and commercial mortgages pages.