Bridging loans are a form of short-term mortgage lending. Bridging has traditionally been used by home buyers to ‘bridge’ the gap when buying a new property in situations where the sale of the existing property is delayed but the new purchase needs to proceed.
Bridging loans can also be used for a variety of other reasons. For example, if you are purchasing a property that is not suitable for mortgage purposes due to the property condition but are funding a renovation to bring the property to standard, bridging finance can transform a non-viable purchase into a great opportunity.
This type of lending can also provide a quick line of funding in order to secure a property with a short completion deadline, such as those purchased at auction. Typically, a buyer must complete within 28 days of an auction purchase, which may be challenging to do with a standard mortgage, particularly if the property needs work.
Case Study Example
Bridging
Notting Hill, London, W10
Case Study Example
Planning Play
Harrow, HA1
Case Study Example
Purchase of Warehouse
Luton, LU2
Case Study Example
Purchase of Uninhabitable Residential
Wimbledon, London, SW19
There are multiple bridging finance options available in the market and our team can help you find the right solution for you. We will consider bridging finance compared to other solutions, where applicable, and discuss the most appropriate mortgage for your needs.