Here are our most common queries.
If you can’t find answers here, please contact us.
What is bridging?
Bridging loans are short-term loans that like a mortgage, are secured against property or land. They are generally used to provide a temporary cash injection. But while most clients typically take out a bridging loan of up to 12 months, we can arrange bridging loans of up to two years. Speed and convenience are two of the main advantages of short-term funding, bridging finance is much faster and easier to arrange than a conventional mortgage. The application process is considerably more flexible and involves fewer rigid lending criteria.
As the name suggests, bridging loans are generally used to bridge a gap between two transactions. For example, if a client wishes to buy a property at auction, a bridging loan would be used to complete the purchase and would then be paid off when the borrower refinances onto a conventional mortgage.
My client is self employed but doesn't have any accounts. Can they still apply?
Yes, but we may ask for an accountant’s reference or a tax return to verify your clients’ financial position.
Do you lend on property abroad?
No, but you can secure the bridging loan against a property in England, Scotland or Wales and then use the proceeds to purchase a property abroad.
What type of security will you lend against?
We lend against residential and commercial properties as well as land. Proposed security must be in either England, Scotland or Wales.
How soon will we have the money?
You can have the money in a matter of days.
Do you lend to companies?
Yes we do.
My client is retired; can they still apply for a bridging loan?
We welcome applications from retirees.
I am a broker. Can I use your service?
Yes. Please contact us directly and we’ll explain how we can work with you and your clients.
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