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.
Steve Olejnik has been appointed Managing Director of Mortgages for Business. He takes over from David Whittaker who set up the independent brokerage in 1990.
Just a reminder that the Bank of England’s Monetary Policy Committee meets tomorrow to vote on whether to move Bank Rate. Their decision will be announced at midday on Thursday 2nd August.
Buying at auction can be pretty fraught. With a lot of money at stake and a tight time frame, preparing beforehand can make the process less stressful and more successful. Here are my seven tips for smoother experience.