Short term finance

What is a bridging loan?

A bridging loan or bridging finance is a short term secured loan. The property used as security can be either residential or commercial. The loan term can be for just a few days or months, upto 12 months maximum.

Loans are available to both Limited Companies and Individuals including landlords and property developers.

Bridging finance
Short term finance

What is a bridging loan?

A bridging loan or bridging finance is a short term secured loan. The property used as security can be either residential or commercial. The loan term can be for just a few days or months, upto 12 months maximum.

Loans are available to both Limited Companies and Individuals including landlords and property developers.

Bridging finance

Why use a bridging loan?

Bridging Finance can be used in so many different ways, to achieve so many different objectives. Here are some examples of what is possible:

  • Purchase of an uninhabitable property for a light or heavy refurbishment, which is not suitable for a standard buy to let or commercial mortgage at outset
  • Develop a derelict Barn, with full residential planning permission to convert into a house, to be sold, or retained as a buy to let investment property
  • Purchase of an investment property that is inhabitable, but could not be considered suitable for letting, because works are needed
  • Property purchase at a genuine discounted price with the loan based on market value, not purchase price

Why use a bridging loan?

Bridging Finance can be used in so many different ways, to achieve so many different objectives. Here are some examples of what is possible:

  • Purchase of an uninhabitable property for a light or heavy refurbishment, which is not suitable for a standard buy to let or commercial mortgage at outset
  • Develop a derelict Barn, with full residential planning permission to convert into a house, to be sold, or retained as a buy to let investment property
  • Purchase of an investment property that is inhabitable, but could not be considered suitable for letting, because works are needed
  • Property purchase at a genuine discounted price with the loan based on market value, not purchase price

Talk to the experts

Drake Mortgages can source competitive rates from across the market. We have built relationships with specialist lenders who do not have a presence on the high street to secure finance where others cannot.

We can help arrange a bridging loan, a short-term loan that provides fast access to funding, or development finance for the specific purpose of building new properties or making substantial changes to existing properties.

CALL US ON 020 8301 7930

Talk to the experts

Drake Mortgages can source competitive rates from across the market. We have built relationships with specialist mortgage lenders who do not have a presence on the high street to secure finance where others cannot.

We can help arrange a bridging loan, a short-term loan that provides fast access to funding, or development finance for the specific purpose of building new properties or making substantial changes to existing properties.

CALL US ON 020 8301 7930