Bridging Loan to Buy House
Bridging Loan To Buy A House
Looking for a bridge mortgage solution to buy a house?
Why use our service?
- Bridging loans from £50,000 to £25 million
- Fast finance - Looking to buy a house and need fast finance?
- Terms of finance from 1 month to 3 years
- Interest rate roll-up schemes
- 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 options if you are looking at a bridging loan to buy a house call our finance team on 0117 205 1481 or fill in our call back form.
Bridging Loan to Buy A House
A bridging loan is a specialist loan designed for short-term situations to 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.
A typical situation is where you have yet to sell your house but you have found a new property and time is not on your side. A bridging loan can provide short-term funding for a property purchase until you sell your former home.
The process for obtaining a bridging loan 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, it is possible to access bridging finance with LTV up to 100% if there are other assets that can be used in the background as leverage.
The bridging loan company will want to see that the exit strategy from the loan is clear. If you are clearing the loan off from the sale of your existing home, then the loan can be paid off. If you are looking to pay off the loan using a mortgage, then most lenders will want to see that you have a mortgage offer in place before you lend - this is something we can investigate for you.
To get a feel for the costs involved use our bridging loan calculator »
If you would like to talk through your situation on what might be possible using bridging loan finance call us on 0117 205 1481 or complete our request callback form.