Bridging finance is a sector of the mortgage market that has seen consistent growth year on year since 1995, and the trend looks set to continue. Classic bridging loans are designed to do as they say, which is to bridge the timing gap between completing on a purchase of a new home and the sale of the present one. However, these days bridging loans are used whenever a borrower needs short-term finance quickly. Drawdown often takes place within 5 days of the enquiry being received.

Bridging Loans Panel

Why a bridging loan is right for you & your customer

Whatever the cause of your customer's temporary cash shortfall, a bridging loan offers an extremely quick, simple and hassle-free solution that matches their requirements perfectly.

Where more traditional lending solutions typically require forward planning and several weeks to arrange, bridging loans can take as little as 24 hours between application and delivery - this makes them the obvious choice in a range of time-critical situations such as contract winning, bankruptcy avoidance, loan repayment, rapid turnaround property investment and auction purchase.

What's more, a bridging loan from our panel provides the added peace of mind that comes from dealing with a team of experienced professionals who know this area of the financial services sector inside out.

For your customer, the benefits of our panel are many and varied:

• They enable borrowers to purchase an additional property even though their current property has not yet sold.
• Perfect for a wide range of personal and business financial situations, including cash flow emergencies and quick turnarounds when buying, renovating and re-selling properties for profit.
• Bridging loans are highly suitable as a quick method of exchanging contracts, winning contract races and as a fast means of completion, particularity when purchasing at auction.
• For developers buying property with planning permission, bridging loans offer a practical way of making stage payments throughout the development period.
• When purchasing residential property at undervalue, we can lend to a maximum of 85% of the current market value or 100% of the purchase price, whichever is lower.
• The loan will always be secured against a residential or commercial property or a plot of land, and a first charge will be taken against new or existing property. We may consider lending on a second charge basis on residential property only but would need to be referred for approval prior to application.

* Bridging loans are not currently regulated by the Financial Services Authority.