Categories
Can I Refinance an Existing Bridging Loan?
In short, yes, it is often possible to refinance an existing bridging loan with a new one.
In the past, lenders tended to be unwilling to offer bridging loans to refinance a previous bridging loan. However, many lenders are now willing to consider this approach, often referred to as “re-bridging”.
If this is your goal, it is a good idea to use an independent bridging loan broker with whole of market access to make sure you get the best possible deal.
Are you eligible for bridging refinance?
Discuss your options with our bridging experts.
Reasons for Refinancing an Existing Bridging Loan
Re-bridging can be a vital financial lifeline for those who need to extend their borrowing for a variety of reasons.
Common examples of a situation where re-bridging might appropriate include:
- If you are renovating a property or using the bridging loan as development finance on any other kind of property project and unexpected delays will take your completion date beyond the loan term of the original bridge
- The original loan term was too optimistic
- Unexpected costs mean you need to borrow more to complete your project
- You haven’t secured a sale or mortgage yet on a property and need more time
Related: Remortgage After a Bridging Loan
Fergus Allen
Head of Bridging
Let us do all the hard work of finding the right bridging lender for your circumstances.
We secure bridging finance for applications of all types, and we negotiate competitive lending to meet your needs and timescale.
Restrictions on Re-Bridging Finance
Different lenders have different requirements and restrictions for their approach to bridging finance when an existing bridging loan is in place.
Although we can usually find an appropriate lender for most situations, there are some circumstances which may narrow your options.
These include:
- If you need to re-bridge an existing bridging loan for business use
- If you have had the original bridging loan for less than 6 months
- Some lenders will not want to refinance the entire amount of the original loan or let you increase the size of your borrowing
None of these make it impossible to find a bridging loan for re-bridging, but it does make it especially important to use an independent bridging loan broker with access to the whole of the market.
They will be able to quickly connect you with the right lenders for your circumstances, saving you time, money and stress.
Bridging Loan Refinancing Criteria
| Criteria | Requirement |
|---|---|
| Minimum Loan Amount | £50,000 |
| Maximum Loan Amount | Up to £25,000,000 |
| Term Length | 12 to 36 months |
| Loan-to-Value (LTV) | Up to 80% |
| Security Required | Must be secured against property (existing property, property being purchased, or both) |
| Exit Strategy | Mandatory – must show how you will repay the loan (e.g., sale of property, remortgage, refinance) |
| Property Type | Residential and commercial properties accepted |
| Borrower Type | Individuals, Limited Companies, Partnerships, Offshore Companies |
| Residency | UK residents and non-UK residents (options available) |
| Credit History | No strict affordability checks; adverse credit accepted (may affect rates) |
| Purpose | Development exit, refinance existing bridge |
| Speed of Completion | Standard: 3–6 weeks; Fast-track: as little as 72 hours (case-dependent) |
See our latest market news on bridging loans below.
2025 Bridging Market Update
The bridging market has had quite a transformation in the past few years. With rates starting at 0.55% per month, the costs aren’t dissimilar from those of a mortgage, and the combination of flexibility, quick turnaround time and less stringent eligibility criteria has led to bridging finance growing in popularity.
It’s now seen as a product in its own right instead of an expensive alternative to long-term finance.
Our finance brokers are seeing more repeat clients, particularly investors who have turned their attention to property flipping considering the slim profit margins the buy to let market has been seeing. HMO conversions have also grown in popularity amid more rigid rental legislation.
According to our team of advisers, a high volume of first-time borrowers already have an understanding of bridging loans before approaching us, showing that bridging is becoming more recognised in the industry.
As bridging finance becomes more mainstream, lenders are reviewing and reducing rates more frequently, offering more flexibility around costs.
Find The Best Deals to Refinance an Existing Bridging Loan
Are you interested in using a bridging loan to refinance an existing bridge? Clifton Private Finance can help you get the best deal available using our extensive contacts throughout the bridging finance industry.
Our highly experienced bridging loan brokers can help you quickly find the best deals on bridging finance currently available, so you can secure the borrowing you need to complete your property project.
Our team have specialist knowledge of the loan market with access to niche lenders you won't be able to approach yourself.
They'll get a full understanding of your circumstances, give you expert advice on whether your application is viable, and help you with all the documentation and information a lender will require.
We have access to a large range of leading UK lenders, including many lenders which would not be available to borrowers directly. This means you will have more choice of finding the right lender for your case.
Call us today on 0117 959 5094 to see how we can help, or book a free consultation below.
