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)