Bridging Loans

The classic use for bridging finance is being able to purchase a property before selling an existing one. Bridging ‘oils the wheels of the property market and helps to keep transactions moving.

Bridging allows professional investors to buy property quickly, which they can then refurbish or improve. Once the work is done, they can repay the bridging loan by either selling the property or by obtaining another suitable longer-term mortgage.

Bridging finance enables investors to move fast. In some cases, applicants buy properties at auction without having finance in place. Bridging loans can be agreed upon quickly and are ideal for providing funds at short notice.

Applicants in need of cash in the short term, for example, to settle a liability or to provide cash flow for a business, can find the bridging ideal for their needs.

Trading or ‘Going Concern’ Businesses.