Bridging Loans

Bridging Loans are a high-speed, short-term loan designed to "bridge the gap" when you need to buy an asset (usually property) but your permanent funds haven't arrived yet

Common Scenarios for a Bridging Loan

• Buying before selling: You’ve found your dream home but haven't sold your current one yet.

• Property Auctions: Auctions usually require payment within 28 days, which is too fast for a standard mortgage.

• Property Development: Buying a "fixer-upper" that is currently unmortgageable, renovating it, and then switching to a standard mortgage once it’s in good condition.

• Breaking a Chain: If a buyer in your property chain pulls out, a bridging loan can prevent your own purchase from collapsing.