Short-Term FinanceHelping you bridge a finance gap.
Short term finance or bridging loans have become increasingly popular in recent years. As a result, rates have reduced and more people are beginning to recognise how bridging loans can provide a rapid cash injection until a more permanent financial arrangement is in place.
Therefore, people who purchase property at auction, with a limited time to present the funds, are typical users of bridging finance. Also, people who want to buy a new home before they have sold their existing one often resort to bridging finance.
In all cases, bridging loans are an ideal solution to a wide range of personal and business financial situations where funds are required in days rather than weeks.
How does bridging work?
Our loans, typically from £250,000 are secured against residential or commercial property and land throughout the UK. Our customers use their loans for any legal purposes, including:
- Purchasing a property for personal or investment purposes
- Land Acquisition
- Tax liabilities
- Cash flow for business
- Property development / refurbishment
What is considered short term?
In all cases, bridging loans are short term – normally 1 to 24 months.
As bridging loans are short term, the borrower should have an idea of how they intend repaying the facility before the term expires.
You are eligible to apply for a bridging loan providing you own (or are purchasing) a property. We secure our loans against residential property, commercial property or land, in England, Scotland and Wales. Since bridging loans are secured on your property, we will consider all applications irrespective of your personal circumstances
Need more help?
We advise to speak to a specialist to help understand if, and how, short term finance is right for you. And then we can match you with the most appropriate solution to meet your borrowing requirements.
Contact us directly to find out more.
* On the rare occasion we have to match clients with an off-panel lender. A fee may be incurred.