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.
In its Market Commentary November 2015 published this week, the Council of Mortgage Lenders (CML) states that the UK may not see its first rate hike until 2017, and estimates that gross mortgage lending was £21.8 billion in October: nearly a fifth higher than a year ago.
Following its latest Monetary Policy Committee (MPC) meeting, the Bank of England has announced that it will keep interest rates at 0.5% and that its monetary easing program will remain unchanged.
Short and medium term lender, Dragonfly Property Finance, has announced it will rebrand as Octopus Property in the first half of next year.