Bridging loans
We will help you find and secure the very best bridging loan, from our extensive range of lenders…
Secure a bridging loan for auction purchases, below market value investments, property renovations or ground-up development finance.
We will search the market for a fantastic deal - we could even get you a lender decision with just 2 hours!
Get a great deal on a bridging loan TODAY…
Get the very best bridging loan available from an extensive range of lenders...
About bridging loans…
Bridging loans are a form of short term property lending, which can be used for a range of purposes. They allow you to finance things like buying at auction, to fund the purchase of an uninhabitable property, or finance modifications to an existing property.
Bridging finance is ideal for purchasing property at auction, as most auctions give you just 28 days to complete the sale of the property. Securing a mortgage in within that period is usually impossible.
Another common purpose of bridging loans is to finance the purchase of properties that require renovation.
Mortgage criteria requires the security property to be fit for human habitation. If there is no kitchen, bathroom or plumbing system the property would not be habitable for the purposes of a mortgage. A bridging loan enables you to buy this type of property, and get appropriate works done before 'exiting' to a mortgage, or selling on the property.
It isn’t just property related costs that can be financed by bridging loans – bridging finance can also be taken out to cover any cash shortfall you may experience such as to finance a holiday, buy a new car or to cover a VAT bill. This is a similar concept to remortgaging to raise capital, but with faster access to the funds.
Bridging loans from Commercial Trust…
We can help you secure lending up to 75% of the value of a property. We can help you access bridging lenders who offer minimum loan term of 3 months. What's more, you can exit early, without penalty, thereby reducing the term!
Bridging loans also benefit from no early repayment charges.
Bridging finance is available for individuals as well as companies, trusts and partnerships and we can also provide finance for uninhabitable properties.
If you need fast access to funds, secured against a property, a bridging loan could be the perfect solution!
Bridging loan interest rates
Bridging loan payment calculator
Buying property at auction
Information about bridging loans...
Bridging loans mean quick access to funds
Bridging loans are specifically designed to enable fast access to funds.
In addition to a wide range of lenders, we also have a bridging lender within our Group. There are two key benefits to this.
Firstly, this sister company employs a manual underwriting approach to bridging lending, that considers each case on its individual merits, rather than broad brush criteria.
Secondly, the turnaround times remain exemplary, alongside other lenders struggling to clear Covid-19 related backlogs.
We will always secure a bridging loan based on it being most suited to your needs, but, we can utilise the advantages of this lender, where it best serves your objectives.
Decision in principle often within 2 hours
Call our specialist advisers on the telephone number at the top of this page, or complete our enquiry form to get started with a quote.
We will get in touch with you as quickly as possible. Once we have the appropriate details, we can commonly get a decision in principle from a lender within 2 hours.
Bridging finance loan to values
The loan to value (LTV) ratio of your bridging works in much the same manner as that of a traditional residential or commercial mortgage. You forward a proportion of the cash up-front, and the bridging lender lends you the rest.
For instance, a 70% LTV loan on a £200,000 buy to let property would require a 30% deposit of £60,000.
An alternative way to raise the deposit would be to offer additional security; for instance, the equity in another property or properties. It is possible to secure a 100% LTV loan in this manner.
Bridging loan exit strategies
A key factor of advice, when taking out bridging finance, is the exit strategy. Bridging loans are a short term financial solution; it should be put in place with plans for a smooth transition to long term finance or sale of the property.
Bridging loan advice should not only address finding the best possible product to meet your circumstances, but also offer guidance on how to comfortably move beyond the loan when it has fulfilled its purpose.
Get a great deal on your bridging loan today!