Specialist

Bridging Loan or Mortgage

Bridging Loan or Mortgage

Clifton private finance

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

Typically, those looking to complete a property transaction will approach a traditional lender for a mortgage.

The issue is that securing any type of property finance from a traditional lender, such as a high street bank, can take up to several weeks or even months.  This can cause delays and may lead to losing out on attractive opportunities.

If you require fast short term finance for a property transaction then a bridging loan may be the best course of action.

Call us on 0117 959 5094 to discuss your requirements.
Recent

Property Finance Deals

VAT Bridging Loan for Hotel Purchase in London
VAT Bridging Loan for Hotel Purchase in London
Area
London
Capital Raised
£3m
Inheritance Tax Bill Probate Finance for London Estate | Case Study
Inheritance Tax Bill Probate Finance for London Estate
Area
London
Capital Raised
£350k
Bridging Loan to Move House | Asset Rich, Cash Poor Client
Bridging Loan to Move House | Asset Rich, Cash Poor Client
Area
East Sussex
Capital Raised
£50k
Rapid Bridging Loan to Fund Business Launch
Rapid Bridging Loan to Fund Business Launch
Area
Norwich
Capital Raised
£125k
Bridging Loan to Complete Self Build Under Tight Deadline
Bridging Loan to Complete £2.3m Self Build Under Tight Deadline
Area
Hertfordshire
Capital Raised
£190k
Bridging Loan To Purchase Holiday Home Overseas
Bridging Loan To Purchase Holiday Home Overseas
Area
Southern Spain
Capital Raised
£350k

More Opportunities »

Bridging Loan or 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 potentially within 5 to 7 working days.

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 refinancing a property.

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, you should speak to a finance specialist as they will recommend the appropriate finance for you and your particular set of circumstances.

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

Clients Say

Latest

Property Finance Deals & Insight

will house prices go down uk
Will house prices go down in the UK? Interest rates have dropped, and purchasing activity has ticked up - here's our forecast for ...
06-09-2024
bridging loan vs mortgage
Bridging loans and mortgages are both primarily used for property purchases, but there are scenarios better suited to both ty...
06-09-2024
Commercial Mortgage Rates
Commercial mortgages are a vital source of finance for British businesses looking to purchase or expand into new premises. With th...
06-09-2024
Top 10 Regions With The Best Rental Yields in the UK
Where are the best places in the UK to invest in property? We explore the best rental yields in the UK for landlords, touching on ...
05-09-2024
View More »
Get in Touch

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