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Market Overview

Bridging Finance Overview

With bridging finance, the loan will always be secured against residential or commercial property. A first or second charge will be taken against new or existing property, or a combination of both.

The uses of short term funding are as diverse as paying off VAT of other tax bills,Buying land without Planning Permission or only with outline Planning Permission,Buying a vacant property that either requires refurbishment or tenants put in place to demonstrate serviceability before the banks would fund it etc.

Bridging finance can be used in a number of different circumstances, however, here are just some typical uses:

  • Chain-breaking mortgage
  • Property development including site purchase and self-build projects
  • Property conversions and refurbishments
  • Acquiring properties where a surveyor recommends a retention
  • Buying from auctions, whether the client contacts us before or after the auction
  • Capital raising for business acquisitions
  • Acquiring property overseas
  • Rescue packages for homeowners who have been or are about to be repossessed
  • Annulling a bankruptcy or to dismiss a bankruptcy petition
  • Company insolvency
  • Meeting short-term tax liabilities

Many Bridging Lenders will also lend against market value rather than purchase price, which can be a useful tool for property investors and developers.

Speed is critical in bridging funding and on average we can achieve 7-10 working days from first enquiry to completion.

As a specialist bridging finance broker we work with multiple bridging lenders for all circumstances and look to structure our client’s deals with the most appropriate and competitive lender with the minimum of fuss and speed. We operate a system which encourages lenders to competitively bid for our clients’ finance applications. This ultimately means better rates and terms for our clients.

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