Bridging finance refers to short-term loans, which are usually used to “bridge” a gap while the borrower arranges alternative low cost long term funding or a sale. Borrower can also use a bridge to access the equity they have built up in their asset.
Yes, you will need a solicitor firm with a minimum of 2 partners.
We can arrange loans against Residential, Semi-Commercial, Commercial and Development properties.
Typically within 10-14 days in the UK although this generally depends on the speed of the borrower lawyer responses to our legal requirements. International bridging tends to be 3-4 weeks.
Bridging loans are more expensive than long term lending and should be used for the shortest time possible although we do have short term lenders that can lend up to 3 years.
Yes, we have lenders who can lend on international properties, both residential or commercial. The borrower can be based abroad or in the UK.
Bridging loans are secured against your property or land.
In the UK our minimum loan size is £250,000. International loans start at €400,000.
The list of countries we can offer loans in is growing all the time. Most common locations that we lend in are UK, Gibraltar, Spain, Lanzarote, Ibiza, Mallorca, Menorca, France, Germany, Portugal, Netherlands, Switzerland, Belgium, Norway, Sweden and Denmark. Please contact us still if you have funding needs in other countries not listed here.