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Bridging Loans

 What are Bridging Loans?

Bridging loans are a short-term funding option. They are used to ‘bridge’ a gap between a debt coming due  and the main line of credit becoming available.

These usually have a higher interest rate than a traditional mortgage, however they are based solely on the individual case and its circumstances.

Bridging loans are designed to help people complete the purchase of a property before selling their existing home by offering them short-term access to money at a high-rate of interest.

As well as helping home-movers when there is a gap between the sale and completion dates in a chain, this type of loan can also help someone planning to sell-on quickly after renovating a home, or help someone buying at auction.

Examples of when bridging finance can be used are for property acquisition, for a chain breaking facility, raising money for cashflow.

At Turney & Associates Ltd. we can source bridging loans to cover:

  • Chain breaks.
  • Investment purchases.
  • Commercial lending.
  • 2nd charge and 3rds charge lending.
  • Medium term Bridge to let.
  • HMO purchases.
  • Below market value transactions.
  • Short term borrowing against assets.
  • Agricultural bridging.

Why not call us now to discuss your requirements and request a quotation,
or let us call you by requesting a call back.

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