Bridging loans are loans to an individual or a company that are taken out on a short-term basis.
They are generally secured against a residential ⁄ commercial property, until such time as the property is sold or refinanced with a long-term lender.
In an ever competitive marketplace; with quality properties at a minimum, bridging finance can be a quick and reliable way in purchasing a property. We have access to an array of specialist providers offering “open” and “closed” bridges.
Many providers lend against the open market value of the asset, hence bridging is particularly relevant for auction properties, where timescales are short and properties can be purchased at a lower price.
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