Bridging Loans

Bridging Loans are no different to long term mortgages in that they are secured by a first charge or a second charge on the property. Bridging Loans are secured and have the same steps of valuation and preparation of a legal charge deed have to be taken. Bridging loans are normally for 6-12 months’ duration.

Bridging Facility is intended to be quicker than regular mortgage finance. Most bridging lenders typically employ a small panel of valuers who respond much quicker than is normal and in most cases the lender will insist on either a 90 or 180-day open market sale valuation and for this reason the value of the property to a bridging lender may be less than you expect for this reason.

Bridging Loan Types and Terms

  • Refinance Bridging
  • Buying a property “at below market price”
  • Auction purchase
  • Land purchase
  • Refurbishment
  • Residential and Commercial property purchase
  • Cash release bridging
  • 1st/2nd/3rd charge loans
  • Term up to 18 months

Finance Solutions is a trading style of Paramount Commercial Finance Limited (FRN:755216) who are credit brokers and appointed representatives of White Rose Finance Group Ltd (FRN:630772) who are directly authorised by the Financial Conduct Authority.

PLEASE MAKE BORROWING DECISIONS CAREFULLY, PROPERTY OR OTHER ASSETS OFFERED AS SECURITY MAY BE AT RISK IF YOU CANNOT KEEP UP WITH REPAYMENTS.