Need to Bridge?
There are many reasons that bridging finance may be required. The most common of these is when a property needs to be purchased, but an existing property has not yet been sold. Another is when work needs to be done to a property before a more standard mortgage can be applied for.
There are lenders that specialise purely in providing funds for bridging. In recent years fierce competition has meant a drop in rates but compared to standard mortgage finance, the costs are still high.
We will assess if traditional bridging finance is the best route for you, or if other forms of lending may be appropriate. Private bank lending, alternative lending, or loans secured on other assets should always be considered.
A short conversation with one of our advisors will enable us to give you an idea of your options.
Note: some forms of Bridging Finance are not regulated by the Financial Conduct Authority. We may also refer you to a carefully selected third party in some circumstances.