Our Bridge Mortgage Service
Looking for a bridge mortgage solution?
Special features of what we offer include:
- Bridging finance - from £50,000 to £25 million
- Fast finance - Cover short-term liabilities such as auction property purchase, tax bills and where speed is critical to making things happen
- Terms - From 1 month to 3 years
- Interest rate roll-up schemes
- Independent whole of market service - we work directly with UK bridging lenders
- Lowest bridge rates - Access to leading bridging loan deals
- Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
To investigate your bridge mortgage options call our finance team on 0117 313 6058 or fill in our call back form.
Bridge mortgages, or bridging loans as they are often called, are a specialist loan designed for short-term situations; they can provide a temporary cash flow solution or ‘bridge’ before additional permanent finance becomes available. This type of loan or finance can be ideal when you are up against the the clock and where funds are needed quickly.
The process for obtaining a bridge mortgage is usually straightforward with a more flexible set of criteria than is usually required by most high street banks and mortgage lenders. Like a mortgage, a bridging loan is secured against property or asset with the typical loan to value in the region of 70%; however, up to 100% bridging is possible if there are other assets that can be used in the background as leverage.
Call our team today on 0117 313 6058 or complete our callback form.
Types of bridging mortgage finance
Bridging finance comes in 2 forms:
- The first is the closed bridging loan. This is exclusively available to people who have already exchanged on a specific property and need the finance to secure it. This type of bridging loan can be easier to come by,as the lender will consider the sale unlikely to fall though at this point.
- The second type of bridging finance is known as an open bridging loan. This is aimed at people who have found a property they want to buy but have not yet sold their current home, and due to the increased chance of a sale not occurring, lenders are often more reluctant to offer open bridging loans. Your chances of acceptance will be increased if you have a lot of equity in your current property.
Conditions of bridging mortgages
Short-term finance is more expensive than long-term funding, however come with the extra cost you get speed and convenience.
If you are looking at bridge mortgage options call us on 0117 313 6058 or complete our request callback form.