Commercial or residential bridging loans are short term property finance which can be usually organised within a few days. They are agreed for a set, short period of time, usually between one and 12 months. A bridging loan, whether it is a commercial bridging loan or residential bridging loan, is used mainly to secure purchases where the chain has collapsed, however, a bridging loan can be used for the other purposes such as:
• cash flow solutions
• development finance
• renovation projects
Commercial and residential bridging loans are almost always secured against property and they are borrowed against the equity.
Key features of bridging loans:
• available for both commercial and residential properties
• enable fast completion
• borrow against the real open market value
• flexible approach to income
• ideal for auction bargains
• available for between one and 12 month terms
• 100% advances with additional security
Please note for commercial finance and second charge finance, we act as introducers only.
The Financial Conduct Authority does not regulate commercial mortgages, some forms of bridging finance and most forms of buy to let mortgages.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.