What is a bridging loan?
Bridging Loans are normally taken out when you have a short term requirement for a large sum of money - usually to purchase a property or a building plot. Bridging loans are normally repaid within 6 months but often in a shorter time period. There are many different types of bridging loans however the most common situations are where you wish to purchase a property but have not completed the sale of your current property or when you wish to purchase a property at auction.
How much can i borrow?
Bridging loans can be anything from £30,000 to £10million. All bridging loans are secured on either property or land and the typical maximum amount you can borrow is 85% of the market value of the property. It is however possible in some circumstances to get up to 100% of the market value if you use additional properties you own as security.
How quickly before I get a decision?
We know it is vital that your enquiry is dealt with in a speedy and efficient manner. Normally we can get you a decision in hours and have the loan completed within days. Take a look at our case studies for examples of how quickly bridging loans can be completed. If your enquiry is urgent then complete the form opposite to get a bridging loans specialist to contact you.
CML Spokesman Backs Bridging Loans
The Council of Mortgage Lenders is an organisation whose members include banks, building societies and other lenders ....
03 January 08
Pure Bridging set for 2008
Pure Bridging loans have set their sights high for 2008 by recruiting a new general business manager ....
28 December 07
Commercial Bridging Loans
A commercial bridging loan is not very different to a standard residential bridging loan. It is normally used to ....
10 December 07
Mortgage brokers turn to bridging
The Council of Mortgage Lenders has again released figures showing that annual bridging lending has increased by 25% ....
1 December 07
Bridging Loans Sector Growing Fast
The Council of Mortgage Lenders has again released figures showing that annual bridging lending has increased by 25% ....
12 November 07
Link Lending secures additional funding
Link Lending had announced it has secured another £50 million of additional ....
15 October 07
Voluntary code of conduct for bridging loans
Members of the bridging loans industry are being put under increased pressure to subscribe to a new code of conduct that is being created ....
30 September 07
Bridging Loans trade body on the cards
It is looking likely that a new trade body for bridging loans could be launched before the end of 2007 according to Bridging Loans ....
12 July 07
Bridging Loans launches new website
Today Bridging Loans .co.uk announces the launch of its new web site. The site has been developed to be a useful resource ....
01 July 07
Our partners have over 120 years of bridging loans experience behind them. We only work with bridging loan specialists in order to provide you with the most efficient service. By accurately completing your bridging loan requirements in the form below we can match you with the bridging loans companies than can provide you with the best bridging loans deals in the market that are available for you. All our partners are experts and fully understand the urgency of what is a very important decision.
Key Features of our Bridging Loans
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| Step 1 of 2 | About your bridging loan | ||||||||
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| Step 2 of 3 | About your mortgage | ||||||||
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| Step 2 of 3 | About your mortgage | ||||||
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| Step 2 of 2 | Your details | ||||||||||||||||||||
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Thank you for your enquiry. Your adviser will be in touch with you shortly. |
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