Bridging & short-term finance
A bridging loan is essentially a short-term loan that is often arranged within a short time-frame and may be made to an individual or a company and secured against residential or commercial property.Bridging & short-term finance explained
- To raise finance quickly
- To refurbish a property
- To finish a development
Some of our lenders
What is a bridging loan?
A bridging loan is essentially a short-term loan that is often arranged within a short time-frame and may be made to an individual or a company and secured against residential or commercial property. The defining characteristic is that it is a loan that bridges the gap to an exit, which is usually a refinance or a sale of the asset. We've helped hundreds of customers getting bridging finance for their projects, so do give us a call if we can help you.
A refurbishment loan is short term finance available to property investors, landlords and developers looking to upgrade a tired residential or mixed use property before renting it out. Refurbishments are much smaller projects than property developments.
What is auction finance?
Auction finance is simply another term for bridging or short term finance. It is used to purchase properties at auction because it can be arranged extremely quickly and fits neatly into the purchasing timescales of the auction houses.
With lenders soon having to undertake specialist affordability testing on clients with four or more mortgaged buy to lets, OneSavings Bank has announced details of how it intends to meet the requirements.
The next raft of PRA (Prudential Regulation Authority) or Painfully Robust Administration changes are almost upon us as Chris Longhurst, consultant mortgage broker, explains.
Fixed charges. Floating charges. Debentures. Personal guarantees. Steve Olejnik, COO, explains what type of security lenders may require when the borrowing is made by landlords using a limited company.