Help funding the purchase of assets & property

Bridging finance is a type of lending which is used to fund the purchase of assets, generally property, in a short period of time or used where a conventional mortgage may not be suitable. This sort of finance can be used for all types of properties, from residential to commercial, with or without planning permission. It’s also seen as one of the fastest ways to raise finance across the market and the money can be in your account within a matter of days. Depending on what you’re looking for, bridging finance comes under two different headings: regulated and non-regulated.

Regulated bridging finance is where the person borrowing the money live, or have lived, in the property that we’re trying to secure funding against. Unregulated bridging finance basically covers everything else, from commercial units to land or development funding.

Isn’t it expensive?

The common misconception is that it is. In recent years, the price of bridging finance has fallen drastically and it’s now one of the cheaper ways of raising money, with rates starting as low as 0.39% on a monthly basis, which equates to approximately just under 5% per annum.

This type of finance is an easy way to raise money because there are less questions asked by the lender than there are in your more conventional mortgage process, meaning it’s also used sometimes used to purchase property quickly. However, it should be noted that, with bridging finance, you’ll need a plan for exiting the loan, as it’s seen as short-term funding, usually spanning from 1-18 months. The exit can be anything from the sale of the asset to raising other finance, like a commercial mortgage, against it.

Our team are on-hand to help you through the process and ensure that you have a plan in place so that everything runs smoothly. 

If you’d like to speak to one of our bridging finance specialists, please contact us on 02380384442 or simply fill in our contact form and we’ll call you back!