Bridging loans for any purpose

Bridging Loans are normally taken out when you have a short term finance requirement, or you need to find money very quickly. Bridging loans are normally repaid within 12 months as the rate of interest makes it too expensive to borrow for any longer. However developers & investors have been using bridging loans for years to take advantage of market conditions or under valued assets. Being able to purchase a property quickly offers many advantages such as negotiating the best price and beating others to the deal. One of the most common uses of a Bridging Loan is when investors wish to purchase a property at auction.

How much can I borrow?

You can borrow up to £10m, typically we are seeing the average bridging loan come in under £500,000, with the minimum you can borrow being £30,000. All bridging loans are secured on either commercial and residential property or land. We will be able to lend higher loan to values on residential properties than on commercial property and land but it is always worth calling us to find what the current maximum is.

How quickly before I get a decision?

You can get a decision within minutes subject to your enquiry being within normal working hours. However getting the money in your account can take anywhere between 3 days and 4 weeks depending on your situation.