Bridging Finance is used as a short-term solution, secured against property or land, to speed up a transaction, while long term finance is obtained.
- Bridging finance can be used for:
- Purchases at auction
- Purchase or refinance on property needing refurbishment
- Purchasing below Market Value
- Refurbishing properties deemed unsuitable for mortgage purposes
Bridging finance is available:
- Up to 100% loan to value, subject to additional security
- On terms from 1-18 months
- From a minimum of £30,000
- Depending on the requirements of your client, interest can be retained, rolled up, or serviced as per a traditional mortgage.
Contact our team on 02920 218 630 for advice on the best option for your client.