Specialist

Bridging Loan For A Mortgage

Bridging Loan For A Mortgage

Clifton private finance

We specialize in arranging financial solutions for residential and commercial property transactions

Our bridging loans service provides:
  • Market leading bridging loans from £50,000 to £25m
  • Rates from 0.43% pm
  • Lower rates for £1 million+ loans
  • £99 valuation option for properties up to £1 million
  • Terms from 3 months to 3 years
  • LTVs up to 80% (can be more if other assets in the background)
  • Interest roll up options
  • Residential (On a regulated basis), buy to let, HMO, investment and commercial properties considered
  • Light refurbishment loans (currently uninhabitable, under permitted development rules, require internal refurbishment)
  • Heavy refurbishment loans (Extensions, basement digs, loft conversions, commercial to residential, barn conversions)
  • Bridging loans for business purposes (Pay HMRC tax bill, purchasing land or new premises, deposit for new purchase, business growth)
  • Alternative assets considered e.g. pension, investment porfolios, fine art, classic cars
  • We provide a friendly, professional service to help you get the money you need at the best available rates

Looking to fund a property purchase as a short term funding solution until a mortgage is in place?

Contact us for market leading finance.

Recent

Property Finance Deals

Case Study: High Value Bridging Loan for Semi-Commercial Property
Bridging Loan for Semi-Commercial Property with Complex Exit Strategy
Area
Bath
Capital Raised
£2.55m
Bridging Loan Secured Against Unique New Build In Chichester
Bridging Loan Secured Against Unique New Build In Chichester
Area
Chichester
Capital Raised
£160k
Development Loan to Refinance New Build House
Development Loan to Refinance New Build House
Area
Daventry
Capital Raised
£1.6m
Case study: £1.2M Bridging Loan for Property in South Africa
Bridging loan on UK property to Purchase Home in South Africa
Area
Cape Town
Capital Raised
£1.2M
Case study: £900K Bridging Loan for Upsizing to Worcestershire
£900K Bridging Loan for Upsizing to Worcestershire
Area
Worcestershire
Capital Raised
£900K
£1.35m Bridging Loan For Downsizing To Grade 2 Listed Property
£1.35m Bridging Loan For Downsizing To Grade 2 Listed Property
Area
Lymm
Capital Raised
£1.5m

More Opportunities »

Bridging Loan For A Mortgage

What is a bridging loan?

Bridging loans are a type of temporary, short term borrowing, which can be secured on a property. They can allow you to borrow equivalent amounts to a mortgage, but can normally be accessed within a much shorter time period which can make all the difference when securing a property to buy.

When to use a bridging loan?

Unlike a mortgage, which can take a long time to secure, bridging loans are suited to situations where time is of the essence.

It is extremely competitive in todays’ housing market and therefore it is more important than ever to act quickly.

A bridging loan may be a viable option for the following:

Flexibility

Where mortgages require a regular payment of interest, bridging loans have the option to ‘roll up’ the interest.  This allows the borrower to repay the entire loan and interest at the end of the term of finance, which enables them to avoid monthly interest payments. 

Exit plan

Bridging loan lenders will only agree to provide a bridging loan if there is a clear exit plan in place. An exit plan is the method to repay the loan. For example this could be the sale of a property or repaying the bridging loan with the funds from a mortgage.

No early repayment charges

With a mortgage from a traditional lender, a borrower will incur an early repayment charge in the event that the mortgage is repaid too quickly.

If finance is only required for a short period of time, early repayment charges can be avoided with a bridging loan. Bridging loans are designed for short terms of finance, usually between 1 and 36 months. This allows the borrower the freedom to repay the loan as quickly as they like.

How to get a bridging loan

If you require a bridging loan, speak to our finance team to discuss your requirements.

To find out more about your bridging finance options, call us today on  0117 959 5094 or use the form above to get in touch.
What Our

Clients Say

Latest

Property Finance Deals & Insight

Should You Get a Tracker or Fixed Rate Mortgage in 2023?
The Bank of England has announced that it's keeping base rate at 5.25%. We're taking a snapshot of the best rates available on the...
01-12-2023
Are mortgage rates going down
Inflation reached a record high last year, and now the Bank of England have announced that they will be keeping the base rate at 5...
01-12-2023
Will house prices drop in the UK in 2024
The average home price has dropped by over 3% since October 2022, with experts predicting further reductions in 2024.  House...
01-12-2023
How To Get A Bridging Loan With Bad Credit
Can bad credit affect your ability to get a bridging loan? Find out why it's still possible to get short term bridge finance,...
30-11-2023
View More »
Get in Touch

If you have any questions about our services or want to start making things happen please contact us