Bridging Loan For Construction

Our Bridging Loan Service

Special features of what we offer include:

• Bridging Loans from £50,000 to £15 million

• Term - From 1 to 36 months

• Bridging loans for individuals, limited companies, sole traders and partnerships

• Interest roll up schemes

• Whole of market service - we work directly with UK bridging lenders

• Lowest 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 bridging loan options call our team on 0117 313 6058 or fill in our call back form.

Bridging Loans For Construction

The financial pressures on those in the construction industry can be significant, as building any property can be expensive. It is important to make sure you have the right finance in place for your construction, as it can save you time and reduce the cost of your overall project.

Traditional Lenders

If you need finance in a short period of time, approaching a traditional lender may not be your best option. This is because an application with a traditional lender can take up to several weeks or even months to process, which could cost you more in the long run.

It is important to note that the majority of traditional lenders will only release funds in stages after periodic inspections. This may be an inconvenience for a construction, as it could potentially cause delays because you may have to wait for specific works to finish before receiving more funds.

Typically, traditional lenders are reluctant to provide the entire cost of a construction. Generally, high street lenders will only provide up to a certain percentage of the construction costs. This may leave you in a position where you need to approach another lender for additional finance.

If you need finance quickly for your construction then you might want to explore your bridging loan options.

What is a Bridging Loan?

Bridging loans are becoming an increasingly popular tool for those building properties, as they can provide a large amount of money in a short period of time. 

Bridging loans can be secured against commercial property, residential property, building plots or even land without planning permission.

Features Of A Bridging Loan

The majority of bridging loan lenders will provide the option to ‘roll-up’ interest to pay at the end of the term. This may be an attractive feature, as it could enable you to focus the entire loan on your construction and not on monthly loan repayments.

To qualify for a bridging loan, you will need to have an exit plan in place. An exit plan is the method you intend to use to repay the loan. An example of an exit plan is selling the property once the construction has finished.

Unlike with traditional lenders, some bridging loan lenders are prepared to provide loans even if you have bad credit.

Bridging Loan Calculator

Find out how much you could get with our Bridging Loan Calculator.

Next Steps…

It should be noted that bridging loans are not available on the high street; therefore, it is advisable to contact a broker.

If you need a bridging loan to finance the construction of a property, call us on 0117 313 6058 or complete our request callback form above.