Bridging Finance

Bridging Finance is a form of short-term finance, normally used to "bridge" the gap between the sale of one property and purchasing another, although they can be used for auction purchases, as well as larger redevelopment or renovation of properties ahead of obtaining a standard mortgage. 

 

They normally present a higher risk to the lender and so they may charge higher than normal mortgage rates, however as they are short-term and designed to fulfil a specific short-term requirement, provided the exit is palpable, then a bridging loan could be suitable. 

 

Lenders understand that time is normally critical and so bridging loans can be completed in as little as 48 hours.

 

Bridging Finance can be used for:-

 

  • Buying a bargain property at ‘ Below Market Value

  • Buy a property which is deemed ‘Un-mortgageable’and requires significant refurbishment.

  • Moving home before your current property is sold

  • Buying a property at auction and needing funds quickly to complete on the purchase

  • Raising cash to buy a Business, Purchase Stock or perhaps buy out a Business Partner

  • Raising cash to pay a Personal or Business Tax bill

  • Raising cash to stave off a repossession order

Apply Now!

By submitting this form you agree to transfer personal data in accordance with our Privacy Statement

Ask Expert

Find Our Products Below

Auction Finance Mortgage Advice Mortgage Broker

Finance to be used when considering purchasing at auction

Auction finance

Closed-Bridge Loans Mortgage Advice Mortgage Broker

Short term finance to bridge the gap between the sale of one property and the purchase on another.

Closed bridging  loans

First Charge Loans Mortgage Advice Mortgage Broker

Looking for a mortgage to purchase a residential, buy to let, HMO or commercial property?

First-charge loans

Open-Bridge Loans Mortgage Advice Mortgage Broker

Bridging Finance where the exit is not clearly defined

Open bridging loans

Second charge loans Mortgage Advice Mortgage Broker

Homeowner loans for any legal purpose

Second-charge loans

Legal Information

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOAN SECURED UPON IT.

 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.  REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. 

 

 

The Money Bee, which is a trading style of Mortgage and Loans Limited, based in Stafford, (Financial Services Register number is 757812).

Terms and Conditions

There may be circumstances where we need to charge a fee.  In these instances, we will notify you at an early stage which could be £125 upon application and an arrangement fee up to £495, or £995 for specialist mortgages, on receipt of the mortgage offer.

 

Parkfield Business Centre, Park Street, Stafford, Staffordshire, ST17 4AL

Telephone 01785 878 555

Follow Us

  • White Facebook Icon
  • White Twitter Icon
  • White Instagram Icon

Contact Us

Parkfield Business Centre, Park Street, Stafford, Staffordshire , ST17 4AL