Bridging Finance for quick short term property funding
Do you need fast property funding or cash to bridge a deal?
Bridging Finance Loan offers flexible short term property funding from £30,000 up to £10 million for just one
day or up to 12 months.
Bridging Loans can be arranged on a self certified basis with no documentary proof of income, regardless
of credit status and credit history. Contact us today to discuss or enquire online below. The Bridging Loan is designed for short term
flexible funding for virtually any situation requiring rapid financing. Use a bridging loan to raise funds for
urgent aqusitions, legal transactions, business purchases, or securing the purchase of another property.
A Bridging loan is designed for short term finance secured against residential property
in place of a term mortgage or conventional mortgage which would take too long to arrange or where the property itself would not form good
security for the lender for mortgages purposes. Bridging loans (also referred to as a gap loan or gap mortgage) are typically
used when purchasing a property prior to the sale of an existing property has not completed. Bridging finance many also be used in certain
circumstances to avoid bankruptcy, repossessions and clean up mortgage arrears. Loans can be based on the current open market
valuation of the property, regardless of the actual purchase price therefore property investors looking to finance 100% of the purchase price
when buying at under market value is therefore possible with bridging finance.
Find out about bridging loan criteria
Your bridging Loan could be
arranged in just a few days
Short Term Development finance is available at up to 100% funding for property developers and
renovators. We can arrange finance for up to 100% of the site purchase and 100% development cost with interest roll up over the term of the
project. Finance arranged for residential, commercial, building developments and land purchases for planning
gain or development. If you are interested in renovation or property refurbishment for single property turnaround for profit or BTL, you
may also find our light refrubishment mortgage as a viable alternative to bridging or
development finance.
For Landlords or developers purchasing at Auction we can quickly arrange finance to complete on a purchase
even where the property is unsuitable for mortgage purposes.
Talk to us Call: 0800 4969595
Bridging Finance General Lending Criteria:
 Secured on UK property by first or second charge. All Freehold properties considered Leaseholds with over 55 years
Min Loan Size £30,000 to £10 Million.
Self Cert non status funding
Non Status - Adverse or impaired credit accepted
Loan to value ( Open Bridging ) 75% - 80% of valuation
LTV 70% advance of OMV Open Bridge borrow more than purchase price
Loan to Value (Closed Bridging) 85% of valuation or 100% Purchse price
Interest rates from just 0.85% per month (Daily Interest calculation)
Interest Roll up or Interest deduction from loan advance
No redemption penalties for early repayment
Loan terms of 1 Day to 12months
Same day bridging arranged where exit funds are available.
Get the finance you need in just days
Development Finance to 100% Land cost and 100% project cost
Apply online for a Bridging Loan
Find out about development finance
Bridging Loan to raise capital on property undergoing structural work. A Bridging loan may be used to refinance or
purchase a property undergoing building works, renovations or structural alterations where a traditional mortgage lender is unable to offer
a loan.
If you are purchasing at under market value then with a bridging loan you can borrow against the Market Value of the
property irrespective of the purchase price of a property.  Through our well established panel of approved lenders we are able to place your funding requirements to obtain the loan you need
in the given criteria. We consider your application regardless to your financial history and credit standing, so even if you have impaired
credit such as CCJ's or current mortgage arrears. Bridging finance may therefore be utilised to 'clean up' outstanding
mortgage arrears in order to secure a new remortgage to save the property from repossession. Funding can be arranged with no proof of
income at all on a totally self certified basis with no documentary evidence of personal or business income
required.
 Purchasing unmodernised or discounted properties for development or conversion: where the property is currently not in a
condition to be mortgaged, a bridging loan can enable the property purchase to be secured allowing for development or
essential repairs to be made to the property before it can be accepted as security with a mortgage lender. For larger residential or
commercial developments, funding can be arranged for both the land/site purchase and the development
renovation or build costs.
Bridging Finance: Short term funding for all situations
Examples where bridging finance can assist:
 Property purchase for conversion and renovations
Mortgage retentions - Purchasing a property where the valuation report recommends a part or full
retention
Homeowners who have or are about to be repossessed
Avoiding or Annulling bankruptcy or company insolvency
Asset in probate and inheritance tax bill
Financing property at auction
Business acquisitions and management buy outs / Buy in
Acquiring property where a fast completion is necessary
Quick turnarounds for buying or renovating and re-selling properties for
profit.
Cash flow emergencies such as unexpected VAT bills, tax bills, business
purposes
Raising legal costs & lawyers fees or overseas medical costs.
Use a Bridging Loans to fund the deposit on property purchases
Property Discount equals instant Equity? For purchasing property at below market value mortgage lenders cannot not lend
based against the open market value, only the contracted purchase price. This means you still need to fund the deposit. It is possible with
a bridging loan to finance 100% of the purchase price where the open market property value is sufficiently greater than the
purchase price. Many investors use bridging to finance purchase of discounted property to get the deal done quickly and without using up cash in
funding deposits. Typically these properties would be quickly refinanced to a mortgage lender using the market value of the property (also known
as back to back financing) However in the recent months following the credit crunch these remortgage lenders
have quickly restricted lending criteria making 'back to back' purchase and re-mortgage transactions very difficult or not allowed
inside of 6 months from the date of purchase.
Planning Gain Finance up to 100%. We can secure specialist funding for experienced property investors looking to acquire
land or sites with planning potential. See Development Finance for more information.
Get Approved for a bridging loan in 1hr Apply Online 
View case studies of using bridging loans
Bridging Loans for purchasing property at auction
Case Study: Auction purchase with bridging finance
A client urgently needed to raise funds against an unencumbered property, valued at £215k, to allow them to make a down
payment on a property purchased at auction where their mortgage was declined.
They asked us for assistance and we quickly arranged a open bridging loan of £30,000 to cover the
auction deposit. Funds were arranged and drawn down in 4 working days. We arranged a BTL mortgage for the
property at auction to complete within 28 days, repaying the bridging loan.
A Bridging loan can be used to profit from opportunities
Apply online for a Bridging Loan
Case Study: Development Purchase and Remortgage
A property developer secured the purchase of a freehold development of 8 purpose built
apartments below market value for £1,350,000 from the local council. With capital tied up in other developments he
could not gain finance from his existing bank to purchase
We arranged an open bridging loan facility of £1,350,000 to purchase the flats outright, and allow our client to
finish the flats to a high specification to be marketed. A remortgage was also arranged for £1,520,000 formed
with two BTL lenders to repay the bridging loan while new leases were drawn up. This enabled each
of the flats to be sold individually on the uplift in value.
Non property related purchases with a bridging loan
Apply online for a Bridging Loan
Case Study: Purchase of a boat mooring in Spain
We recently arranged a second charge bridging loan of £55,000 for our applicant who urgently needed non
status finance to secure the purchase of a yacht mooring in southern Spain. Our client could not remortgage due to time
constraints, the bridging loan was drawn down in just 10 working days from application. A re-mortgage was arranged to repay the
bridging loan and refinance the home and car loan.
Repairing credit problems and avoiding reposession with a bridging loan
Apply online for a Bridging Loan
Case Study: Mortgage Arrears Credit Repair Bridging loan
Credit Repair: A Self Employed applicant had 5 months current mortgage arrears on his own home due to compounding
financial circumstances. There was no remortgage lender prepaired to refinance the property with current mortgage arrears. We arranged
a non status bridging loan to repay the existing lender including the 5 months interest charges, and pay the bridging loan
interest for the next 4 months. With the mortgage arrears cleared and with 3 months new mortgage history we
were able to re-mortgage the clients property to an affordable mortgage product.
Apply online for a Bridging Loan
Bridging Glossary: Frequent terms used in bridging finance
 Arrangement Fee: The lender charge for arranging the loan or mortgage. Typically
this amounts to 1% of the loan amount and is deducted from the loan advance on completion and drawdown of funds.
BMV: Below market value is a term often used with discounted property purchases
Closed Bridging Loan: Where there is a defined take out of the bridge where the solicitor can give undertaking to
repay the bridging loan at the end of the term, such as a with remortgage funds, exchange of contracts on a property sale, or other
contractual agreement guaranteeing the repayment of the loan on a defined date.
Daylight Bridging: A bridging loan typically arranged for 1 day to purchase a property while completing on a
refinance to a term mortgage.
Discounted Purchase Price: Where the vendor offers the buyer a discount off the purchase price to guarantee a quick
sale or other incentive. This may be from a family member or existing landlord, or builder developer discount.
Exit Route: the method by which the loan will be repaid at the end of the loan term, i.e. by remortgage funds, sale
of a property, business contracts, other asset maturity where fund will be used to repay the bridge.
First Charge Bridging: A Bridging loan secured against the property by first legal charge.
Interest Deduction: Total interest payments for the bridging loan are subtracted from the total loan advance on
completion. Many bridging lenders use this method of interest payment with non status bridging.
Interest paid monthly: Interest payments on the bridging loan are serviced by the borrower on a month by
month basis.
Interest Roll Up: Interest payments on the loan are added onto the loan amount each month
Loan To Purchase Price: Expressed as a percentage of the loan amount to the contracted purchase price.
LTV: Loan to value expressed as a percentage of the loan amount to be borrowed to the professional valuation of the
property
OMV: Open Market Value. The value of the property on the open market.
Refinance Bridging: A Bridging loan used for the purpose of refinancing an existing mortgage facility for a short
term for e.g. while extensive works are being carried out in the property or transferring the mortgage debt onto a bridging loan to
clear mortgage arrears before refinancing to a new term mortgage lender.
Same Day Bridge: A bridging loan facility arranged for one day to enable completion of a property or other contract.
Repayment funds must be guaranteed with a solicitors undertaking that redemption funds are available.
Second Charge Bridging: A bridging loan secured against the property by second legal charge in order that
urgent funds may be released without changing the mortgage.
Take out: The proposed refinance or repayment of the bridging loan. Also see Exit Route.
Vendor gifted deposit: Typically where the property is being sold at below the market value creating an amount of
'free equity' in the property that the purchaser may use instead of using a cash deposit. Because a bridging loan can finance based
on the market value (not purchase price as with a mortgage) the purchaser may finance upto 100% of the purchase price or more
in some cases with lending based on a higher valuation.
Apply online for a Bridging Loan
Short term funding arranged on all property types:
Residential Property (Main Residence, BTL, HMO)
Residential Developments. Also see Development Loans
Commercial Property
Commercial Developments. Also see Commercial Development Finance
Mixed use property
Offices
Buy to let Property and HMO Investment Property
Retail Units
Land with and without planning permission. Also see Planning Gain Finance
Investment property Purchases
Upto 100% Funding available LTV based on market value
High Speed flexible Bridging Finance for sensitive situations
Interest Roll-up, payment deduction and payment deferred options available.
Non status so all credit status accepted (CCJ's, Defaults, Arrears Ok)
One day bridging facilities for back to back property transactions
Funds to your account in days.
Complete our bridging finance form for a quotation today
Are you searching for a fast bridging finance or development finance facility, we can help:
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Urgent Short Term Business finance
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Purchase and development finance for un-mortgageable property
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Purchase of property from auction
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Short term property development funding
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Prevent Bankruptcy or Repossessions
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Cover remortgage delays or Legal/planning situations
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Bridging loan and remortgage for equity take out
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Purchase of property requiring split of deeds to mortgage
We have access to specialist Bridging finance lenders who can arrange funds and legal processes in a very short
space of time with all types of property considered.
Call us today Freephone 0800 496 9595
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