Bridge-A-Loan

Bridge A Loan has a team of experts boasting hundreds of years combined experience in the mortgages and loans industry. Each individual has a collection of strengths which contribute to us offering a first-class mortgage service.

Address
Suite 4,
48 Westgate,
Skelmersdale,
Lancashire,
WN8 8AZ

Email
admin@bridge-a-loan.co.uk

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Our brokers include Fluent Bridging Ltd, one of the UK's largest bridging loan brokers.

Loans for?

Use your bridging loan for

If you’re using the bridging loan to invest in property, purchase a buy-to-let investment or buy commercial real estate, the bridging loan is not regulated. 

Residential

When you need to raise money from property or land you own, a residential bridging loan can help you

Development

It can be hard to find a development bridging loan, but we have the contacts and experience to help you

Commercial

Is your business in desperate need of short term finance? A commercial bridging loan can help you

What is a bridging loan?

A bridging loan (also called a bridge loan) is a short-term secured loan. It is used to ‘bridge the financial gap’ when buying a new property before selling a current one. For example, a bridging loan can be used to buy a property at auction before you have sold your current home. They can also be used to fund the purchase of a property for redevelopment for sale or rent.

Loans from £20,000 to £30m plus

Max 75% LTV first charge 70% second charge

Both Regulated and Non-Regulated Bridging Loans

Secured on Residential and Commercial property

Automated Valuations available

Dual representation available

Adverse credit considered

Probate cases considered

FAQ

Frequently Asked Questions

What can a bridging loan be used for?

They’re primarily used to ‘bridge’ the financial gap between buying and selling your property, but you can also use bridging finance for:

  • Auction purchases
  • Development or renovation projects
  • Short-term working capital for your business
How much can I borrow?

How much you can borrow depends on your financial situation and the project you’re looking to finance. Most lenders will lend up to 75% loan-to-value (LTV).

How quickly will I receive the loan?

If your application is relatively straightforward, you can see funds in as little as 72 hours.

Pros

Access to money is FAST

Brokers could release the loan within days – giving the borrower an almost-immediate short-term fix.

Repayments can be flexible to suit your needs.

Depending on the agreed deal, borrowers can take up to a year or 24 months to repay the loan. However,  you could stand to save quite a lot of money if you pay back the loan as quickly as possible.

Large sums of money can be granted.

Loans reaching into tens of millions could be agreed, allowing people to cover the purchase of multiple properties. If you can’t cover the cost of that dream house move but don’t want to miss out, a bridging loan can be an option.

Cons

Bridging is specialist finance, the loans can be high-risk.

You could end up losing assets, such as your home, if you cannot repay the loan, and interest rates and fees tend to be high as you’re paying for the convenience.

They can be expensive.

Due to being a short-term solution, bridging loans could have high interest rates. Current rates equate to an annual interest of around 20%, which has to be paid on top of your loan repayment.

Fees can also add to the cost.

The borrower will have to pay a set-up fee, which is usually around 2% of the loan being taken out. Property valuation fees will also be required.