These are short-term loans secured against a property, which normally last between one day and 12 months, in some cases they may be arranged over two years.
What you need to know
Bridging Loans allow you to borrow up to 80% of the value of your property.
Bridging Loans can be used for any number of reasons:
- Quick borrowing, funds can be arranged within 24 hours
- To purchase a property outright if it’s below market value
- To refurbish or buy un-mortgageable properties
- To purchase one property before the completion on the sale of another
- Pre-arranged Bridging Loans can effectively position you as a cash buyer
Bridging Loans offer the following benefits:
- All types of property considered
- Borrow for any legal purpose
- No income required
- Adverse credit status acceptable
- Tailored interest repayment methods
