Bridging Finance
Fast, flexible short-term loans for property purchases, renovations, or auction buys.
Bridging Finance Service
When time is of the essence, bridging finance offers a fast and flexible short-term loan solution. Whether you’re securing a property, funding renovations, or bridging a financial gap, a bridging loan can provide the financial support you need while you arrange a longer-term plan.
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What Can You Use Bridging Finance For?
Bridging finance is commonly used in property transactions, making it ideal for both residential buyers and property investors. Key uses include:
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Securing a property quickly, especially when buying at auction
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Purchasing your dream home before selling your current property
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Funding property renovations before refinancing or selling
This type of finance allows you to act quickly and provides the time you need to arrange a long-term financial solution or complete a property sale.
How Much Can You Borrow and What Does It Cost?
Borrowing amounts for bridging loans generally start from £75,000, with no upper limit, depending on the lender and your circumstances. The cost of a bridging loan depends on the loan amount and terms, with interest typically structured as rolled-up:
This structure removes the need for monthly repayments, allowing you to focus on your project or purchase without worrying about immediate cash flow.
Loan Terms
Bridging the Gap
A bridging loan is a practical solution for short-term financial needs. For example:
Secure funding to renovate and sell a property, with the loan cleared from the sale proceeds.
Act quickly to buy a property at auction and settle the loan once long-term financing is arranged.
With the flexibility and speed of bridging finance, you can achieve your property goals without unnecessary delays.
What Are the Risks?
While bridging loans are invaluable for short-term financial needs, they come with risks. You must be confident in your ability to repay the loan at the end of the agreed term. Failure to repay may result in financial penalties or, if secured against property, the loss of assets.
If you're considering a move, you might also be interested in exploring loans for moving house, which can help you decide the best financing option for your needs. Our team will guide you through the terms of any loan you consider and ensure you fully understand the responsibilities before proceeding.
At Bradgate FS we aim to make choosing and applying for a mortgage, protection, loan or insurance as stress-free as possible.
We specialize in helping clients secure bridging finance tailored to their unique needs. Our experienced team works with a wide range of lenders to find competitive rates and ensure a seamless borrowing process.