Bridging & short-term finance
A bridging loan is essentially a short-term loan that is often arranged within a short time-frame and may be made to an individual or a company and secured against residential or commercial property.Bridging & short-term finance explained
- To raise finance quickly
- To refurbish a property
- To finish a development
Some of our lenders
What is a bridging loan?
A bridging loan is essentially a short-term loan that is often arranged within a short time-frame and may be made to an individual or a company and secured against residential or commercial property. The defining characteristic is that it is a loan that bridges the gap to an exit, which is usually a refinance or a sale of the asset. We've helped hundreds of customers getting bridging finance for their projects, so do give us a call if we can help you.
A refurbishment loan is short term finance available to property investors, landlords and developers looking to upgrade a tired residential or mixed use property before renting it out. Refurbishments are much smaller projects than property developments.
What is auction finance?
Auction finance is simply another term for bridging or short term finance. It is used to purchase properties at auction because it can be arranged extremely quickly and fits neatly into the purchasing timescales of the auction houses.
Fleet and Precise Mortgages launch new buy to let products, while Together introduces its lowest ever bridging rate and Kent Reliance slashes the rates on its five-year buy to let fixed products.
Jeni Browne, Sales Director looks at how the mortgage market has changed since she started out in broking and explains why it is now more important than ever to make sure you are seeking advice from a specialist broker.
Bank Rate is to stay at 0.25%, following the Bank of England’s Monetary Policy Committee (MPC) meeting where the vote was 5-3 in favour of maintaining the current rate.