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.
Figures submitted by members of the Association of Short Term Lenders (ASTL) reveal a 14% rise in bridging loans in 2015, as bridging finance continues to outstrip the main mortgage market.
From Monday 4th April 2016 Mortgages for Business will move its headquarters 15 miles east of its current location in Sevenoaks to the business park at Kings Hill near Maidstone, Kent.
Mortgages for Business and Keystone Buy to Let Mortgages feature heavily in the recently announced list of finalists for the Mortgage Strategy Awards 2016 and Business Moneyfacts Awards 2016.