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- Best bridging loan rates
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Bridging Loans in Surrey
Bridging finance is a short-term finance option designed to “bridge the gap” between the need for immediate funds and a longer-term financial solution. These loans are typically secured against property and are ideal for property purchases, renovations, or other time-sensitive financial needs in Surrey’s vibrant property market.
At bridgingloans.co.uk, we offer fast and flexible bridging finance with competitive rates starting from 0.55% per month, helping you seize opportunities without delay.
Why choose bridging finance?
Surrey’s property market is dynamic, with opportunities for investors, developers, and homeowners. Bridging loans are perfect for:
- Purchasing a new property before selling your current one.
- Renovating or refurbishing properties to increase their value.
- Securing auction properties with tight deadlines.
- Bridging financial gaps during property transactions or business investments.
With funds available from £20,000, our loans cater to a wide range of needs, whether you’re a homeowner or a seasoned property developer.
Rates and costs
Our bridging loan interest rates are highly competitive, starting at 0.39% per month and typically ranging from 0.55% to 2% per month, depending on factors such as:
- Credit profile: A strong credit history can secure lower rates.
- Property type: Residential properties often attract lower rates than commercial ones.
- Loan-to-value (LTV): Lower LTV ratios can result in better rates.
- Exit strategy: A clear repayment plan can reduce lender risk and lower costs.
Additional costs may include:
- Arrangement fee: Typically 2% of the loan amount.
- Valuation fee: To assess the property’s value.
- Legal fees: For both you and the lender.
Many of our products have no exit fees, and interest can be rolled up, meaning no monthly payments are required. Use our online bridging loan calculator to estimate your repayment costs.
Types of bridging finance
Open bridging loans
These have no fixed repayment date, offering flexibility if your exit strategy (e.g., property sale) is not yet confirmed. They typically carry higher interest rates due to the increased lender risk.
Closed bridging finance
These have a fixed repayment date, making them cheaper and suitable when you have a clear exit strategy, such as a property sale with exchanged contracts.
First and second charge loans
First-charge loans are secured against a property with no existing mortgage, while second-charge loans are used when a mortgage is already in place, requiring permission from the first-charge lender.
Why choose us?
As a premier bridging finance broker, we partner with top UK lenders to offer:
- Market-leading rates from 0.55% per month.
- Fast funding, with completion possible in as little as 72 hours.
- Tailored solutions for residential, commercial, or auction finance.
- Expert advice from FCA-regulated professionals.
Our streamlined process ensures you get the funds you need quickly, whether you’re in Guildford, Woking, or anywhere else in Surrey.
How to apply
- Get a quote: Contact us for a free, no-obligation quote or use our online calculator.
- Decision in principle: Receive a decision within hours.
- Property valuation: A valuation is conducted if required.
- Completion: Funds are released once legal and underwriting processes are complete.
Call us at 0116 407 7982 or apply online to start your application today.
We provide finance across the UK:
