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We invite you to get in touch via a free, no-obligation initial consultation.
Drawing on 25 years of expertise, our consultants possess the knowledge and experience to secure optimal bridging finance under tight timeframes.
Here are some of the reasons that our clients trust us with their mortgage needs:
We’re an independent, whole-of-market broker with strong ties to high-street, specialist, and private bank lenders alike. We provide completely unbiased, expert advice so that clients can make well-informed decisions based on a complete picture of the lending landscape.
We believe in mortgage advice that considers both your personal and financial situation, and the broader financial markets. To achieve this, we partner with wealth advisers and accountants to draw on their expertise when needed to provide excellent advice for our clients.
With an average rating of 4.97/5 from more than 2,000 reviews on reviews.io, we offer an outstanding client experience. We understand the importance of timeframes and efficient processes when arranging bridging finance.
A bridging loan is a short-term financing option typically secured against the property or land being purchased. Lenders will sometimes look to take a charge over the property being sold too. This is to provide additional comfort and bring the loan-to-value down. Bridging finance offers a quick and flexible solution, especially valuable when under tight time constraints. For instance, if you’ve found your ideal property but the market isn’t favorable to sell your existing home at its true value, a bridging loan could bridge the gap.
Bridging loans are much faster to obtain than standard mortgages, making them a useful option for urgent property purchases. The time from application to release of funds can be as quick as 5 working days.
Yes, it is possible to buy a second house before selling your first one with bridging finance. This allows you to purchase a new home and then sell your current property at a later date, providing more flexibility with timing. Most borrowers who use bridging loans have a clear exit strategy, typically involving the sale of their existing home, which is required by the lender to repay the loan. It is worth noting that most bridging lenders will want the funds to be repaid within 12 months, but there are a few lenders that could stretch further for the right client.
Let-to-buy mortgages can provide the perfect situation when you are simultaneously looking to buy your next home and let out your current residence. While this can be particularly useful under time pressured situations, there are many factors to consider.
Consider if this solution could work for you by speaking with a member of our team on 0800 980 8777 or book an appointment here.
Our ultimate guide to let-to-buy mortgages is packed with useful information, serving as a valuable resource for those looking to buy and let out their current residence.
Take me to the guide
When used effectively, bridging finance can be an invaluable tool for managing short-term financial needs.
However, applying for bridging finance can be a complex process without the right help. Choosing a loan that is not suitable to your specific situation could lead to financial risks and added stress. Bridging loans come with higher interest rates compared to standard mortgages, reflecting the short-term nature of the loan. There is often no obligation to make monthly payments, with the interest being ‘built-into’ the loan, which can help from a cash-flow perspective during what is usually an expensive time!
It is important to carefully consider whether bridging finance is the right option for you. To begin your mortgage journey, speak with one of our expert consultants to understand your options in the context of your personal and financial circumstances.
Call us on 0800 980 8777
Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate commercial finance and some forms of buy-to-let mortgages.
