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.
A new survey reveals that despite a fall in value of bridging loans written in the third quarter, the overall amount written during 2016 is so far significantly higher than last year.
Latest figures show that gross mortgage lending held steady in October, at an estimated £20.6 billion.
UK inflation fell to 0.9% in October, lower than the 1% measured in September and below the rate of 1.1% predicted by economists. But analysts expect the cost of living to breach the 2% target next year.