Best Bridging Loans UK
Find the best bridging loans in the UK
A bridging loan is a short-term loan that can be used to essentially bridge the gap between finances. This type of loan provides quick funding for people that need to meet current obligations by providing immediate cash.
This quick solution can be approved and released easily due to the flexible lending criteria, and it doesn’t involve extensive checks that you would normally get with other loans.
A bridging loan is usually available for up to 12 months, but can be extended. It’s also worth bearing in mind that whilst the interest is low and affordable, it can be more expensive than traditional forms of finance.
Some typical examples of when a bridging loan can be used are:
- To provide a cash injection into a business
- Below market value purchases
- Quick cash in the case of buying a new property before the old one is sold
- Settling tax liabilities
- Auction finance
- Probate cases
- To cover mortgage delays
- In cases of refurbishment or re-development
- Conversion of a property
- To carry out essential repairs so that a property becomes eligible for mortgage lending
- Chain breaking
To work out whether a bridging loan is the right solution for you, use our bridging loan calculator or see our helpful guides.
Call our independent advisors today
Give us a call on 0207 788 6627 any day of the week, or you can request a call back via our website.
