Bridging loans are designed to help people complete the purchase of a property before selling their existing home by offering them short-term access to money at a high-rate of interest.

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Bridging finance can be invaluable in facilitating a property purchase that otherwise would not be possible. 

 

As well as helping home-movers when there is a gap between the sale and completion dates in a chain, this type of loan can also help someone planning to sell-on quickly after renovating a home, or help someone buying at auction.

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Key features of a regulated bridging loan include:

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• Terms from one month

• Non-status lending available

• No geographical restrictions

• Loans from £50,000 and no upper lending limit