Bridging Loan No Income
Even if you do not have a regular income, you may still be able to take out a bridging loan. This is because a bridging loan is normally secured against property, most commonly your home, so as long as you have enough spare equity in the property getting a bridging loan should still be an option.
Your ability to access bridging finance with no income will usually depend on various factors, including what you need the bridging loan for, how long you need it for and how you intend to cover the interest and repay the capital.
How can you get a bridging loan with no income?
To get a bridging loan, you will usually need to apply through an FCA-regulated broker as most bridging finance lenders do not deal directly with the public.
To get a no income bridging loan, you will normally need to be securing it against a property that you intend to sell to repay the loan. You will also normally need to find a bridging loan deal where the interest is rolled up i.e. you are allowed to pay it all in one go when you repay the loan.
Alternatively, you could look for a lender who will allow you to borrow extra to cover the cost of monthly interest payments and add this to the total capital to repay.
Find the best interest rates on a bridging loan with no income
Our free bridging loan calculator can help you find the lowest interest rates and fees on a bridging loan with no income, keeping your borrowing as affordable as possible. We compare bridging finance deals from all the leading lenders, giving you access to the whole of the market.
Need a bridging loan with no income? Get in touch with our friendly expert team of loan brokers using the contact form on the right or by calling 0117 313 6058.