Quick Bridge Loans
Bridge loans offer a fast way to access capital when you need it. They can often be arranged in as little as a few days, allowing you to move forward on time sensitive property purchases and other deals. If you need a quick bridge loan, try our bridge loan calculator to find the best deals.
What is a bridge loan?
A bridge loan is a type of short term finance. They are generally used as a temporary finance solution when other types of borrowing, such as a mortgage, are not an option.
Loans terms for bridge loans usually go up to 12 months, although some lenders may be willing to let you borrow for longer. As bridging loans are only intended to be a short term option, you usually have to agree on a method of repayment up front. This is known as your exit strategy.
How long does it take to get a bridge loan?
As stated above, bridge loans can often be arranged in a matter of days, although exactly how long it will take depends on a number of factors. If you need to access capital fast, it is usually a good idea to use a loan broker as they will be able to speed up the process and anticipate any potential roadblocks.
Many lenders only offer bridging loans through intermediaries such as loan brokers, so using a broker will also mean you have access to the whole of the market. This gives you more choice and means you are likely to end up with a much better deal.
Find the best interest rates on quick bridge loans
Don’t forget to try out our free bridging loan calculator to see the kind of deals you could get on bridging finance. And if you need help finding a quick bridge loan, please don’t hesitate to get in touch using the contact form on the right or by calling 0117 313 6058.