Bridging loans
Short-term finance to quickly purchase property or land.
Can i get bridging loans?
Yes, most people can get Bridging Loans — a short-term loan for quick financing of a property
purchase or renovation until a long-term mortgage is arranged.
What can bridging loans be used for?
- Buying properties difficult to finance with a mortgage (e.g., requiring renovation)
- Purchasing property at auction with a limited payment timeframe
- Bridge to Let — buying buy-to-let or commercial property followed by a long-term mortgage
- Renovating and upgrading property to increase its value
- Covering temporary cash flow gaps or financing business
What affects getting bridging loans?
- Deposit availability (minimum 20%)
- Credit history (some credit issues may be a barrier)
- Property value (must meet expectations and valuation)
Your home may be repossessed if you do not keep up repayments on your mortgage.
Bridging loans are available by referral only.
City Mortgages Club Ltd is an Appointed Representative of Rosemount Financial Solutions (IFA) Ltd which is authorised and regulated by the Financial Conduct Authority. Entered on the FCA Register (https://register.fca.org.uk/) under reference 535515. City Mortgages Club Ltd is registered as a Company in England & Wales No. 11711914. Registered Address: 45-55 Commercial Street, London, E1 6BD, United Kingdom.
