Bridging Loans

Bridging Loans

We arrange Residential, Commercial, Development, Personal, Auction & Agricultural bridging loans as a short-term finance solution for individuals and companies who need to access funds fast.

We offer experience-based, impartial information, accessing quotes from the whole of market to ensure your rates are as low as possible for your specific circumstance. We're experts in the complicated and package your requirements in such a way that our lending panel understands and are able to lend against. 

We have incredible relationships with the UK's top lenders which means we're able to complete within 3 days for loans below £200k, and within 14 days for loans up to £25m. Arrange a call with our experts today and get our best no obligation quote.

Auction Finance

Auction
Finance

We offer rapid auction finance enabling you to take advantage of opportunities as they arise from buy to lets (BTLs), development, land & commercial properties.

Rates:from 0.44%

Charges:1st & 2nd

Value:£26k - £25m

LTV:Up to 75%

Terms:From 3 - 24 months

Security:Residential, commercial & semi-commercial property

Fees:No exit fees, no ERCs

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Commercial Bridging Loan

Commercial Bridging
Loan

We arrange commercial bridge finance as a short-term funding solution for improved cashflow, machinery purchase, land purchase, renovation & refurb projects.

Rates:from 0.75%

Charges:1st & 2nd

Value:£26k - £15m

LTV:Up to 65%

Terms:From 3 - 24 months

Security:Residential, commercial & mixed use

Fees:No exit fees, no ERCs

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Development Exit Finance

Development Exit
Finance

Our development exit finance allow you time to finish up your project & complete the sale of your asset or obtain financing through traditional mortgaging. 

Rates:from 0.44%

Charges:1st & 2nd

Value:£26k - £250m

LTV:Up to 75%

Terms:From 1 - 12 months

Security:Residential, commercial & mixed-use property

Fees:No exit fees, no ERCs

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Property Conversion Financing

Property Conversion
Financing

We help property investors and developers arrange finance for property conversions and heavy renovations including 100% of build costs.

Rates:from 0.44%

Charges:1st & 2nd

Value:£50k - £25m

LTV:Up to 100% with additional security

Terms:From 3 - 24 months

Security:Residential & commercial property

Fees:No exit fees, no ERCs

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Light Property Refurbishment

Light Property
Refurbishment

We help arrange financing for light property refurbishments suitable for investors, landlords, developers, businesses and SPVs. All credit histories considered.

Rates:from 0.44%

Charges:1st & 2nd

Value:£26k - £25m

LTV:Up to 100% with additional security

Terms:From 1 - 24 months

Security:Residential & commercial property

Fees:No exit fees, no ERCs

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Rebridging Loan

Rebridging
Loan

Projects sometimes over run, properties can take longer to sell, we help those nearing their term end re-bridge their loans to best meet their goals.

Rates:from 0.44%

Charges:1st & 2nd

Value:£26k - £25m

LTV:Up to 75%

Terms:From 3 - 24 months

Security:Residential & commercial property

Fees:No exit fees, no ERCs

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Farm Finance

Farm
Finance

From diversifying, new plant or machinery, livestock purchasing, generational transfers to property development our loans release the cash to achieve your goals.

Rates:from 0.44%

Charges:1st & 2nd

Value:£50k - £15m

LTV:Up to 75%

Terms:From 3 - 24 months

Security:Residential, agricultural property & land

Fees:No exit fees, no ERCs

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Land Bridging Loan

Land Bridging
Loan

We assist property developers and investors obtain fast short-term secured funding to enable acquisition involving time-critical opportunities.

Rates:from 0.75%

Charges:1st & 2nd

Value:£50k - £25m

LTV:70% with planning, 50% without

Terms:From 3 - 24 months

Security:Land or additional property

Fees:No exit fees, no ERCs

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Urgent Bridging Loans

Urgent Bridging
Loans

When you need funds fast we can arrange urgent emergency financing in as little as 3 days for loans up to £200,000. All circumstances considered and same day decision in principle.

Rates:from 0.44%

Charges:1st, 2nd & 3rd

Value:£26k - £200k

LTV:Up to 80%

Terms:From 1 - 12 months

Security:Residential property

Fees:No exit fees, no ERCs

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Residential Bridging Loan

Residential Bridging
Loan

We help arrange fast, flexible short-term lending, usually for 24 months or less using your residential property or group of properties as security.

Rates:from 0.44%

Charges:1st & 2nd

Value:£26k - £25m

LTV:Up to 75%

Terms:From 3 - 24 months

Security:Residential property

Fees:No exit fees, no ERCs

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Business Finance

Business
Finance

We help UK SMEs access the funds they require for a multitude of purposes from cashflow, stock, expansion, or to facilitate a new opportunity.

Rates:from 0.44%

Charges:1st & 2nd

Value:£50k - £25m

LTV:Up to 75%

Terms:From 3 - 24 months

Security:Residential & commercial property

Fees:No exit fees, no ERCs

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Tax Bridging Loan

Tax Bridging
Loan

We arrange tax loans to individuals and businesses to settle time-critical debts and tax demands, such as inheritance tax, capital gains, income tax or if you're a company corporation tax. 

Rates:from 0.44%

Charges:1st & 2nd

Value:£26k - £25m

LTV:Up to 75%

Terms:From 1 - 24 months

Security:Residential, commercial & mixed use

Fees:No exit fees, no ERCs

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Second Charge Loans

Second Charge
Loans

We can arrange a second charge bridging loan for those who already have a mortgage secured against a property but require further short term funds.

Rates:from 0.75%

Charges:2nd

Value:£26k - £10m

LTV:Up to 65%

Terms:From 3 - 24 months

Security:Residential & commercial property

Fees:No exit fees, no ERCs

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100% LTV Bridging Loan

100% LTV Bridging
Loan

If you're buying a property under the market value or wish to offer additional security to raise 100% then we're ready to help.

Rates:from 0.44%

Charges:1st

Value:£26k - £2m

LTV:100%

Terms:From 1 - 24 Months

Security:Residential property

Fees:No exit fees, no ERCs

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Divorce Settlement Loans

Divorce Settlement
Loans

If your property sale is taking longer than expected or where there's an urgency to live separately a short-term bridge loan could be the answer. 

Rates:from 0.44%

Charges:1st & 2nd

Value:£26k - £4m

LTV:Up to 75%

Terms:From 1 - 24 months

Security:Residential property

Fees:No exit fees, no ERCs

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Probate Loans

Probate
Loans

Our probate estate loans are quick to arrange and can help you raise cash to split amongst beneficiaries, pay off debt, legal fees or inheritance tax (IHT) before you're able to sell the property or land itself.

Rates:from 0.44%

Charges:1st & 2nd

Value:£26k - £25m

LTV:Up to 80%

Terms:From 1 - 24 months

Security:Residential property, Commercial property & Land

Fees:No exit fees, no ERCs

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Bridging Loan Lending Criteria

Loan to value (LTV) Up to 80% maximum 
Loan term 1 to 24 months
Loan amount £26,000 up to £25m
Interest options Rolled-up, retained or serviced
Interest rates From 0.44%
Decision Immediate decision in principle
Completion 3 days to 2 weeks
Early repayment fees None
Availability Secured on assets in UK & Europe
Individuals, Companies, SPVs
No credit & adverse credit considered
Exit strategy Sale or refinance

What's a Bridging Loan?

Our bridging loans help you access simple to arrange short-term finance that can be used for a variety of purposes. These lines of credit are predominantly used, as the name “bridge loan” suggests, to “bridge the gap” between longer-term financial solutions.

Bridging Loan Example

Our bridging loans are usually secured against property or assets, and the loan is usually borrowed over 3 to 24 months, ranging between anything from £26K to over £25m.

For example, one of the most common ways a loan is used is to complete the purchase of a property whilst an existing property is still waiting to be sold. Another is to pay for a property bought at auction within the 28 day completion period, whilst a traditional mortgage is being arranged.

Find the best bridging finance rates right here!

Get expert assistance today, we're on hand to answer any questions about bridging loans.
To find out the exact costs of a loan 
get a quote online - it takes just 3 minutes!

Call our friendly team on 01202 612934, we're ready to help.

The Basics

What is a bridge loan?

A bridge loan, or bridging loan, is a type of short-term funding over terms of between 1-24 months used to finance the gap between a purchase & arranging or being able to arrange a longer-term source of finance. 

This type of lending is most commonly used to fund an individual’s property needs amongst the real estate market where they may be seeking funding to buy a house for example, whilst waiting for the sale of another to go through.

Bridging loans can be used for lots of reasons but most commonly used for buying properties, developing, renovations or refurbishing properties, buy-to-let investments, tax bills, business ventures & divorce settlements. Bridging loans are also used by those in the property development business who need to make large secured payments at short notice such as auction purchases.

Criteria

How much can I borrow?

Whilst the LTV (loan-to-value) ratio will determine how much you can borrow up to, our usual lending ranges from £26,000 to £25 million.

What LTVs do you offer?

Whilst our normal LTV is usually up to 80% as a 1st charge, in some circumstances its possible for us to fund up to 100% with additional security, such as a second property, to achieve the loan amount you require. 

Our standard LTVs are as follows:

  • Development finance - up to 75% LTV (100% Funding with extra security) & 100% Build cost funded
  • Residential property - up to 80% LTV
  • Commercial property - up to  65% LTV
  • Land with planning - up to 70% LTV
  • Land without planning - up to 50% LTV

You can find out more about our bridging loan rates or arrange a call with us to discuss your specific requirements.

What terms do you offer?

Most bridging loans taken out with us are for a period of 1 month up to 24 months, however we're flexible so if your requirements differ then its worth getting in touch.

Who do we lend to?

Our loans are currently available to individuals, companies, SPVs, trusts and other organisations that have property assets within the United Kingdom. We're able to provide our loans to both UK and foreign nationals.

Is a bad credit an issue?

No, not generally speaking its not an issue. We're able to lend where the borrower has bad, adverse or no credit history. Remember we make our lending decisions on a case by case basis and your specific circumstances and will always try and secure the funding you need.

Application Process

1. Your enquiry

First things first there's several ways you can get in touch with us to tell us about your requirements. You can complete an online application enquiry, request a call back, email your requirements to info@finbri.co.uk or call us during office hours on 01202 612934

2. Free no obligation consultation

Speak with one of our experts for a free no-obligation consultation where you outline why you want a bridge loan, how long you'll need it for and how you'll be able to repay it. We'll also answer any questions you'll have.

3. The offer

We'll package up your specific requirements in the most appealing way to our lending panel to secure the best rate possible. We'll then present you with the cheapest loan from the lending panel outlining all fees and lending criteria. If you're happy with our offer, simply sign it and email it back to us.

4. Valuation

We will instruct a RICs surveyor to value all properties you've offered as security against the loan. Depending on the property type we may complete a desktop valuation which is 100% remote enabling very fast turnaround times.

5. Solicitors

If the valuation report supports the loan then we'll contact your solicitor and proceed as per the terms agreed, we will then issue the mortgage deed for your witnessed signature and complete the paper work.

6. Completion

Once our solicitor is in receipt of all required info and supporting documents, we're ready to complete. Within 24 hours of receipt of the title report, we'll transfer the funds to your solicitor and complete the transaction.

Fees & Repayment

What are broker fees?

If you're using a broker like Finbri, broker fees pay for our work in understanding your case, presenting your case to our specialist lenders, assisting with the loan application, reviewing the bridging loans or development finance options for you and sourcing the best solution for you. Typically a broker fee is 2% of the total loan.

What are facility fees?

Facility fees, also sometimes referred to as arrangement fees are paid to the lender for providing the facility of the loan. Typically its 2% of the total amount loaned but may vary from provider to provider.

What are valuation fees?

Valuation fees will vary depending on the property value that is used as security, what type of property it is ie. Commercial or Residential as you may need a different company who specialises in the specific property type and the location of the property. As a very rough idea it costs approximately £2 per £1,000 of the property value. Since the COVID-19 pandemic there has been an increase in something called a Desktop Valuation which doesn't involve an actual valuer visiting the property. These can sometimes be offered where the property being valued is a straight-forward residential asset.

What is the administration fee?

As the title suggests there's an amount of administration that is required with every loan, for admin activities required from application to completion. These are typically no more than £500 in total. 

What's a redemption fee?

The lender may charge a redemption fee due to the costs associated with the administration for actually removing the 'charge' over the property or properties that were used as security. This fee is typically £200 or so depending on the loan provider.

What are solicitor fees?

For obvious reasons lenders use solicitors when arranging and securing a charge over a property. This fee for drawing up legally binding contracts etc is always charged onto the borrower.

Will all the fees be clear?

All the fees that you will incur will be given to you in a clear and transparent manner so that you always understand exactly what you're being charged for and why. These are always shown in the terms of the loan proposal. No broker or lender should be anything less than transparent.

Some of our lending partners

Acre Lane Capital
Broadoak Private Finance
Funding 365
Oakbridge
Agility Bridging
Apex Bridging
Hope Capital
Interbridge
Mintbridging
Together
Barton
Bath & West
The Bridging Group
Focused Lending
Lendinvest
MFS
Octane Capital
Proplend
Bridgecrowd
Tuscan Capital
West One
Whitehall Capital
Zorin Finance
Get the ball rolling

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