Bridging finance

Highly experienced team to help answer all your bridging questions

Short-term funding, or as it is most commonly known a bridging loan, is bridging finance provided over a short period of time. Bridging finance loans can be used to buy a property, when an additional period of time is required to sell another, allowing you to “bridge the gap”. Buyers often require a bridging loan when completion is imminent and/or the property requires further work to ensure it is habitable.

It can be regulated (on a property which is currently or will be occupied by the owner) or unregulated (a property used for commercial or investment purpose). Whilst the majority of bridging loans are secured on a first charge basis they can also be secured on a second charge.

The bridging loan can be arranged on either your main home or an investment/commercial property for a purchase or a re-mortgage. The lender will require a substantial deposit or use the current equity in the property (of 25% and above). Payments are commonly included within the total loan and repaid upon exit. Obtaining a bridging loan is not solely reliant upon the client’s credit profile or current income. Lenders place more importance upon the client’s ability to repay within the time frame (the exit strategy).

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Mortgage London is a trading style of City Finance Brokers Limited which is authorised and regulated by the Financial Conduct Authority. Registered office address: Tower 42 Tower 42, 25 Old Broad Street, London, England, EC2N 1HN. Registered in England and Wales, Company number 09881116. Some types of bridging, development, commercial and buy to let mortgages may not be regulated by the Financial Conduct Authority. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.