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Any Purpose Bridging Loans in Lancashire
Unlock opportunities in Lancashire’s vibrant property market with bridging loans from bridgingloans.co.uk. Offering rates from 0.55% per month, our short-term finance solutions empower homeowners, investors, and developers in Preston, Blackpool, and Lancaster to act swiftly on property deals. Access funds in as little as 3–7 days for auctions, purchases, or renovations.
What is a bridging loan?
A bridging loan is a short-term, secured loan designed to provide immediate funds for property transactions until longer-term financing or asset sales are completed. Typically lasting from 6 to 18 months, these loans are secured against property or other assets, offering flexibility for urgent needs like purchasing a new home, funding renovations, or securing auction properties in Lancashire’s competitive market.
Core features:
- Loans from £20,000
- Terms from 6 to 18 months
- No exit fees on many products
- Rolled-up interest for no monthly payments
Why use a bridging loan in Lancashire?
Lancashire’s property market is diverse, offering opportunities from urban regeneration in Blackburn to coastal properties in Lytham St Annes and historic homes in Lancaster. Bridging loans provide the speed to capitalise on these prospects, supporting:
- Auction purchases: Secure properties at auctions in Lancashire with completion often required within 28 days.
- Property chain solutions: Buy your next home in Burnley or Chorley without waiting for your current property to sell.
- Renovations: Fund refurbishments in high-potential areas like Accrington to increase property value.
- Commercial opportunities: Invest in Lancashire’s thriving business hubs, such as Preston’s commercial districts.
With its strong economic growth, excellent transport links to Manchester and Liverpool, and a mix of urban and rural appeal, Lancashire is a prime location for property investment. Bridging loans ensure you stay competitive in this dynamic market.
Rates & costs
We offer competitive bridging loan rates starting at 0.55% per month, with typical ranges between 0.55% and 2% per month. Rates depend on factors such as:
- Loan-to-Value (LTV): Lower LTVs (e.g., 50–75%) often secure lower rates.
- Property Type: Residential properties in Lancashire typically attract better rates than commercial ones.
- Loan Term: Shorter terms may offer more favourable rates.
- Exit Strategy: A clear repayment plan, such as property sale or refinancing, can reduce costs.
Cost Breakdown
| Cost Component | Details |
| Monthly Rate | 0.55%–2% (e.g., 0 | .55% monthly = 6.6% annual equivalent) |
| Arrangement Fee | 2% of the loan amount |
| Valuation Fee | £500–£2,000, based on property value |
| Exit Fee | £0 – Some lenders might have a minimum interest period |
Example scenario
For a £180,000 bridging loan at 0.55% per month over 12 months in Lancashire, the interest would be approximately £11,880 (rolled-up). With a 2% arrangement fee (£3,600), the total repayable amount would be around £195,480, subject to lender criteria. Use our online bridging finance calculator for a personalised quote.
How to apply for bridging finance in Lancashire
As an FCA-regulated, whole-of-market broker, we streamline the application process to deliver funds quickly. Follow these steps:
- Estimate costs: Use our online bridging loan calculator for an instant repayment figure.
- Consultation: Receive a decision in principle within hours from our expert team.
- Valuation: We arrange property valuations to confirm loan terms and LTV.
- Funding: Access funds in 3–7 days, ideal for urgent deals in Blackpool or Ormskirk.
We partner with trusted lenders to secure the best rates, even for complex cases or adverse credit.
Types of bridging loans available
Bridging loans come in two primary forms to suit different needs in Lancashire:
- Closed: Fixed repayment dates, often linked to a confirmed property sale. Lower rates due to reduced lender risk.
- Open: Flexible repayment schedules, ideal for uncertain exit strategies but typically at higher rates.
Loans can be first- or second-charge, depending on existing mortgages. Our team helps you choose the best option for your Lancashire project.
Why choose our services in Lancashire?
We are your trusted partner for bridging finance in Lancashire, offering:
- Market-leading rates: Exclusive deals starting at 0.39% per month.
- Regional expertise: Deep understanding of Lancashire’s property market, from Morecambe to Clitheroe.
- Fast funding: Funds in days for auctions or chain breaks.
- FCA-regulated service: Transparent advice with a 5-star Trustpilot rating.
Our tailored solutions support homeowners, investors, and businesses, ensuring the best deal for your needs.
We provide finance across the UK:
