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

Short Term Bridging Loan to Secure Glasgow Property Before Refurbishing to a Buy to Let
Short Term Bridging Loan to Secure Glasgow Property Before Refurbishing to a Buy to Let
Area
Glasgow
Capital Raised
£100k
€3m Bridging Loan on Ibiza Residential Property to Fund London Development Project
€3m Bridging Loan on Ibiza Residential Property to Fund London Development Project
Area
Ibiza
Capital Raised
€3m
Bridge Finance Solution To Secure A Property In Need Of Major Renovation
Fast & Trouble Shooting Bridging Loan To Secure New Home In Need Of Renovation
Area
London
Capital Raised
£230k
£200k Bridging Loan to Secure New Home in Glasgow
£200k Bridging Loan to Secure New Home in Glasgow
Area
Glasgow
Capital Raised
£200k
Bridging Loan Example: £2.85m Bridging Loan to Buy High Acreage Home Before Selling Existing Property
£2.85m Bridging Loan to Buy High Acreage Home Before Selling Existing Property
Area
Buckinghamshire
Capital Raised
£2.85m
Million Pound Bridging Loan Across Two Country Homes with Drawdown Flexibility to Fund Classic Car Purchases
Million Pound Bridging Loan Across Two Country Homes with Drawdown Flexibility to Fund Classic Car Purchases
Area
East Sussex
Capital Raised
£1.7m

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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

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How Can I Switch to a Buy to Let Mortgage?
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How to Secure a Mortgage Using Your Trading Income
If your primary income stream is trading – be it stocks and commodities, forex or cryptocurrencies - you’ve probably s...
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Following the end of the Stamp Duty Tax holiday in September, house price rises in the North and South of England swapped position...
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If you have any questions about our services or want to start making things happen please contact us