Reasons to get a bridging loan

There are many reasons why bridging loans can be the best option for you. Whether you need short-term finance to refurbish property or you want to inject cashflow into your business, a bridging loan can be a good way to ‘bridge the gap’ between longer-term funding. Below lists just a few examples of what bridging loans can do for you.

Fast access to cash

The main advantage of taking out a bridging loan is the fast turnaround. You can receive funds within a matter of days, perfect if you only have a short space of time to secure property or to invest in a business deal. The bridging loan process is also quick and hassle-free, ensuring you get the finance you need when you want.

Cover a cash shortfall

There may come a time when you’re short of money to cover a purchase or a commercial or business investment. A bridging loan provides a short-term solution and can cover the shortfall until you can arrange other funding.

Maximise your buy to let investment

Whether you want to build your portfolio and buy rental property or you need to refurbish property quickly, a bridging loan can benefit your buy to let investment by helping to increase value and profit from your property. You may want to renovate property or convert a large property in to separate dwellings but can’t get a conventional mortgage. Short-term finance can cover the cost of refurbishment until the work is done and you can arrange a buy to let mortgage. Check out our article on bridging loans for landlords for more information on how bridging loans can help you.

Improve your business

With a commercial bridging loan, you can buy commercial property such as restaurants, pubs and retail parks quickly and efficiently. It is also a great source of finance if you want to expand business premises, help with the cashflow or purchase new stock.

Secure auction property in time

You may have found a bargain property at auction that would be perfect for buy to let or a commercial purpose. However, with only 28 days to complete the purchase, getting a mortgage in time can prove tricky. A bridging loan can finance the property sale until you can arrange a mortgage, ensuring you don’t miss out on a great deal. Our article on buying property at auction provides a guide to the overall process.

Buy uninhabitable property

If you want to buy property that has been deemed unfit for occupation (has no bathroom, kitchen or plumbing), you will not be able to secure a mortgage until it has been refurbished. Bridging loans can cover the renovation costs so you can then arrange a mortgage once the property is ready.

Bridging loans can provide short-term funding for any legal purpose. For a fast turnaround, we can arrange commercialbuy to letopen and closed bridging loans tailored to your financial needs. If you need funds quickly, please contact us and one of our expert advisers can search the market to find the best bridging loan for you.


This information should not be interpreted as financial advice. Bridging loan rates are subject to change. Speak to our advisors for a loan illustration.