We can provide bridging loans from £50,000 to £50,000,000 for up to 3 years.
We have access to a wide range of lenders and interest rates and specialise in providing fast, flexible bridging finance tailored to your exact needs.
If you need to arrange a loan today, or wish to discuss your options, simply call us on 0800 032 3535 or contact us via email.
As an award winning finance specialist we know what it takes to get you the funds you need, when you need them most.
Whether you want to fund a quick house purchase at auction, get a loan for property development or simply raise some capital fast for any other reason, our friendly team have the experience and skill to find you a lender tailored to your needs.
Bridging Loans Rates
As you would expect, the interest rates for short term finance is usually higher than longer term solutions. Short term loans are a “means to an end” and the cost of bridging loans can be affected by your “exit strategy” – in other words, your plan for repaying your short term loan and replacing it with a longer term solution. Our team can discuss your options and will try to help you form a plan to get the very best rate possible.
How do Bridging Loans Work?
A bridging loan is a loan, secured against property or land that allows you to access short term finance quickly, until longer term finance is arranged or the security is sold. A good example would be using a bridging loan to fund the purchase of a new house while you wait to release the funds from the purchase of your old house. Even though it is a short term loan, it is essential to ensure that you are able to afford it, as any property or land used as security may be at risk of repossession if you fail to repay it.
Here are some of the typical uses for our short-term loans:
- Auction purchases
- Secure a property quickly
- To break a chain
- Refurbishment (light and heavy)
- Purchase uninhabitable properties
- Where a short lease property cannot be funded in a conventional way
- Capital raising
- Development funding
- Land purchase pre planning
- Gifted transactions
- To cover cash flow needs
- Conversions and title splits
- Site acquisition
- Planning applications
Bridging Loans for Mortgages
If you are moving house, you may need to complete the purchase of your new property before you can finalise a mortgage. Bridging loans allow you to “bridge the gap” and borrow the money you need to secure the purchase whilst you secure your longer term mortgage solution. A short term solution like this may have slightly higher interest rates, but they can be the difference between securing the house you want, and losing it.
It is important to remember that a loan like this should only ever be a short term solution, and we always recommend getting a long-term financial solution in place as soon as you can.
Bridging Loans for House Purchase
If you buy a new asset at auction, you will usually be expected to complete your purchase quickly and with a very limited amount of time. Whether you are buying a residential property, commercial premises for a business or land on which to build, you may not be able to secure a long-term financial solution in time.
Bridging loans can provide a great way to buy property or land at auction as you can borrow the money quickly, without the need to commit to a long term repayment plan. You can then arrange a suitable long term loan or mortgage with less pressure, secure in the knowledge that your new purchase is completed.
Regulated and Non-Regulated Bridging Loans
As a specialist bridging loan broker, we have access to both regulated and non-regulated loans:
- Regulated bridging loans are secured on a property you are living in, or intend to live in.
- Non-regulated bridging loans are useful for corporate entities or properties you are NOT going to live in.
We will do our very best to ensure that we find you the most suitable loan for your needs, as fast as possible and with the minimum of stress and hassle.
If you want to find a loan, simply call one of our team free on 0800 032 3535 or contact us via email.
Got a question or want to speak to an advisor?
Have a look at our Secured Loans page for FAQs.
Call us FREE on 0800 032 3535 or complete our 'Contact Us' form and we will call you back.
"Very helpful, speedy and thorough"
Ms C, Newtownabbey
05 Apr 2021
"Very good and well informed"
Mr Y, Wakefield
31 Mar 2021
"Excellent service: highly recommended, everything was done in a timely manner..."
Mrs K, Stevenage
15 Mar 2021
"They were just brilliant through the whole process. I would recommend them any time."
Miss W, Hayes
03 Mar 2021
"Would definitely recommend, so helpful and patient and really explained everything clearly."
Mrs F, Liverpool
31 Jul 2020
"I found Dan and Matt to be extremely professional and helpful and I would happily recommend them."
Ms F, St. Leonards-On-Sea
26 Feb 2021
"Good customer service."
Miss L, London
25 Feb 2021
"Outstanding Service and prompt approval."
Mr B, Romford
10 Jan 2021
"Very helpful and informative staff."
Mr M, Maidenhead
08 Jan 2021
"Great team and company .. I would have no hesitation in recommending them."
Mr R, London
13 Dec 2020
"Very helpful and patient team from start to finish, thanks again"
Mr H, Manchester
01 Dec 2020
"What can I say...amazing 5 star service is what you get. Very friendly, helpful and thoughtful."
Miss P, Liverpool
26 Nov 2020
"Absolutely outstanding service, clear explanations of every step of the process,...can't recommend highly enough!"
Mrs H, Dukinfield
26 Nov 2020
"Absolutely fantastic! Compassionate, friendly and dedicated staff."
Mr W, Exeter
20 Nov 2020
"I would recommend them to anyone and will hopefully use them again"
Mr G, Upminster
19 Nov 2020
"Very professional service, regular updates of how the application was progressing."
Mr A, Watford
11 Nov 2020
"At every step everything was explained, there were no issues and we were very happy at the way everyone tried to help the process along."
Mr G, Sudbury
03 Nov 2020
"Very professional, Staff very helpful"
Mr P, Solihull
27 Sep 2020
"Extremely supportive and easy to communicate with...Excellent customer service..."
Mrs W, Rochford
22 Sep 2020
"The Loans Engine provided an efficient and helpful service from start to finish."
Mr F, London
22 Sep 2020
"5 star service. The process was very professional and clear. Highly recommend. Looking forward to working with them again."
Mr K, London
17 Sep 2020
"Very diligent, professional and friendly people. Thanks for your help."
Mr DP, Skipton
04 Sep 2020
"Very patient, communication was excellent and ultimately helped me get the finance I needed. Would highly recommend!"
Mr H, Orpington
02 Sep 2020