Frequently Asked Questions
Can you extend a bridging loan?
It is often possible for a bridging loan to be extended.
This will be at the lender’s discretion so the reason why the extension is needed and the revised exit plan will be key to how they look at the options.
If the lender is agreeable then they are likely to charge an extension or arrangement fee.
Otherwise you will be looking to refinance to an alternative lender. If this is still to be a short term loan then a re-bridging product would be needed.
Useful pages:
[block id=”faq-page-bottom-section”]