Bridging Finance

A bridging loan is designed to be short term and is generally taken out for a minimum of 1 month up to a year. There are two types of bridging finance. Closed bridging and Open Bridging. Closed bridging finance is where you have a date for the exit of the bridging finance and are sure that the bridging finance can be repaid on that date( Mortgage arrangement). This is less risky for the lender and thus the interest rate charged are lower.

Open bridging is higher risk for the lender. This is where the borrower does not have an exact date for the bridging finance exit and may be looking for a buyer of the property or land.

We can offer Bridging Finance on any of the following:

• Property Purchase
• Divorce Settlement
• Auctions
• Second Charge
• Site Acquisitions
• Refurbishments
• Probate

Bridging loans can be more expensive than conventional finance, but may prove invaluable for many property owners because of the speed of service and decision making.