Bridging finance is usually used when you want to buy a property before you sell or refinance an existing property.
It is, in effect, a short term loan rather than a longer term mortgage. Like a longer term mortgage, bridging finance is usually secured on an asset.
Bridging loans are popular with small and amateur investors buying at auction or looking to borrow for a short period of time before selling on or refinancing with a longer term facility after improvements have been completed. They are also used by people looking to buy a new home before they have sold their old one.
We're specialists in bridging finance.
Bridging loans can be very useful but they are costly and usually issued for a fixed period meaning that time is very much of the essence. If you can’t sell the property you are looking to sell within the time you have then your financial situation can quickly become desperate, perhaps forcing you to sell at a loss in order to meet your obligations. Usually the lender will want you to have a robust “exit strategy” before they agree the loan.
Bridging loans are usually much more expensive than typical mortgage rates. There are also likely to be a variety of arrangement fees, redemption penalties and other costs - so be careful!
We thoroughly recommend that when considering a bridging loan you take professional advice from a regulated member of the FCA.
Contact Mortgage Required for a no-obligation chat on 01628 507477.
The chancellor will deliver her second budget this autumn. Due to slow economic growth and high inflation, the government need to manage a £40 billion shortfall in public finances. There have already been reports about changes to taxes including income tax and capital gains tax.
6 days ago
The chancellor has advised that landlords could have another tax to pay this autumn as the Treasury decide whether to extend national insurance contributions to rental income.
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.
More than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.
There has been a rise in both rent and mortgage costs over the last three years, with renters seeing a greater increase in their monthly payments than those with a mortgaged property.
6 Aug 2025
The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers.
4 Aug 2025
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.