Fast Bridging Loans
We arrange seriously fast bridging loans.
Up to £300k in 3 days
Up to £750k in 7 days
More than £750k in 3 weeks
A bad credit history, adverse credit history or no credit history isn't a problem as all our loans are secured against your property. We decide on how suitable a loan request is based on your individual situation and circumstances. As long as you have the available equity together with a realistic exit strategy as to how you intend to pay back the loan, we're likely to be able to help.
Typically our fast bridging loans are used to settle time-critical short-falls in cash for commercial and personal needs.
Our Fast Bridging Loan Service
- Market-leading property bridging loans from £26,000 to £250m
- Monthly interest rates from 0.44% pm
(Lower rates for £700,000+ loans or less than 50% LTV) - LTVs up to 80% (up to 100% finance if additional collateral is available)
- Automated valuation options and dual legal representation
- No monthly payments with interest rolled-up options
- Terms up to 24 months
We provide a fast reliable service to help you get the finance you need at the best available rates.
We consider all types of credit history including non-status, bad or adverse and don't perform automated credit checks so there's no footprint from enquiring.
Our fast bridging finance can be secured on property in England, Scotland, Wales, Northern Ireland & Europe.
With incredible relationships with the UK's top lenders including specialist lenders, family offices and private investors, we can source the bridging loan you require.
Where your timeline is critical and short, we're confident we can get your bridging loan in place. Get your best no obligation quote today.
Fast Bridging Finance Criteria
| Loan to value (LTV) | Up to 80% maximum |
| Loan term | 1 to 24 months |
| Loan amount | £26,000 up to £750k (Higher loan amounts available but take on average 3 weeks) |
| Interest options | Rolled-up, retained or serviced |
| Interest rates | From 0.44% |
| Decision | Immediate decision in principle |
| Completion | From 3 days for loans under £300k From 7 days for loans under £750k Within 3 weeks for loans above £750k |
| Early repayment fees | None |
| Availability | Secured on assets in UK & Europe Individuals, Companies, SPVs No credit & adverse credit considered |
| Exit strategy | Sale or refinance |
A comprehensive guide to fast bridging loans
Contents
How much can I borrow and in what timeframe?
Bridging loans are a form of short-term finance designed to fill the gap between the sale of one property and the purchase of another property.
The speed of the bridging loan process largely depends on the individual circumstances and the lender. If all the paperwork has been put in place in the right manner and the correct documents are submitted, bridging loans can be arranged within a few days.
How much can I borrow and in what timeframe?
The amount that can be borrowed depends on the value of the property being used as security, the exit strategy and the lender’s individual requirements. Generally, lenders offer bridging loans ranging from £50,000 to £10 million with terms of up to 24 months.
Top 10 tips for speeding up your bridging loan application
- Ensure that you have the documents ready that you have to submit to the lender.
- Try to have all the paperwork in order and ready to submit before applying.
- Make sure you provide all the documents that the lender requests in a timely manner.
- Ask your adviser to approach several lenders on your behalf to increase the chances of getting a bridging loan quickly.
- Speak to a bridging loan broker who can give you access to multiple lenders and compare the rates and terms on offer.
- Speak to the lender directly to get assurance that the loan is being processed quickly.
- If you are applying for a regulated bridging loan, make sure you have the Right to Rent check and a solicitor's letter of advice ready before you apply.
- If you are applying for a commercial bridging loan, check with the lender what documents they need before you apply.
- Be prepared to provide more information if the lender requests it.
- Make sure you are honest about the information you provide to the lender.
In what scenarios might I need a fast bridging loan?
A fast bridging loan could be useful in a number of different situations.
These might include:
Finding an alternative source of finance: If you are looking for an alternative source of finance for a short-term project, then a fast bridging loan could be a good option.
Closing a time-sensitive sale: If you need to close a time-sensitive sale but need finance in the meantime, a fast bridging loan can be a useful tool as it can provide you with funds quickly.
Purchasing a property at auction: If you are purchasing a property at auction, then a fast bridging loan can be useful in providing you with the funds you need in order to quickly move into the property and close the sale.
Paying tax bills: If you need to pay an unexpected tax bill and don’t want to wait several weeks for funds to arrive, then a fast bridging loan can be a useful option.
Making improvements to a property: If you need to make improvements to a property in order to increase its value, then a fast bridging loan can help you access funds quickly.
What are the advantages of a fast bridging loan?
Quick access to funds: One of the main advantages of a fast bridging loan is that it allows you to access funds quickly.
Flexible terms: Bridging loans are usually tailored to suit the individual’s needs, so you can arrange a loan with a term that suits you.
Are regulated bridging loans fast?
In a word, no. Not as fast as unregulated bridging loans.
Regulated bridging loans are loans that are approved by the Financial Conduct Authority (FCA). These regulated loans have to abide by the FCA guidelines, so the process will take longer than with an unregulated bridging loan. That said, regulated lenders can usually provide funds within 10 working days. This compares to just 72 hours for an unregulated bridging loan.
Are commercial bridging loans fast?
Commercial bridging loans are a type of loan that are not regulated by the Financial Conduct Authority (FCA).
This means that the process can be much quicker as the loan is tailored to suit the individual’s circumstances. With the right paperwork and documentation in place, most lenders can provide funds within as little as 3 working days.
Can I get a fast bridging loan if I'm non-status?
Yes, it is possible to get a fast bridging loan with non-status or bad credit.
Many bridging loan lenders are able to provide finance to those who may not be able to secure a loan from a traditional lender. This is because bridging loan lenders are able to look beyond credit ratings and instead focus on the equity in the property you're intending to use as security.
How can a bridging loan broker speed up my application?
Using a bridging loan broker can be extremely useful when looking to arrange a fast bridging loan, as they can help to identify the right lender for your needs. Bridging loan brokers also have access to multiple lenders, so they can negotiate the terms and rates of the loan. This can be useful as it means you don’t have to approach lenders individually and it can speed up the application process.
Is it quicker to go direct to a lender directly?
It is possible to go directly to a lender if you already have a good idea of the loan product you are looking for. However, going directly to a lender can take longer than using a bridging loan broker, as you will need to approach several lenders in order to secure the best rates and terms.
If you know which lender will want your loan then you can try going direct, however if you're unsure who to approach then our advice is use a bridging loan broker.
Where the bridging loan application is weak due to the circumstances of the borrower or the challenges of the application going direct to lenders can be a costly approach.
'Deal fatigue' can occur and presents a risk to the borrower when they've passed the loan to too many lenders who are not interested in their type of loan. If the borrower hasn't presented the application in the manner the specific lender requires, the application may be disqualified simply because its too awkward for lenders underwriters to comprehend the value of the deal.
How do I apply for an urgent bridging loan?
Applying for an urgent bridging loan is the same as applying for other bridging loans. You can either use a bridging loan broker to compare different lender’s terms and rates or approach a lender directly.
When you want a lightning fast bridging loan make sure that you have the necessary documents and information ready when applying for your urgent bridging loan. With this in place, the next step is to contact a broker or lender.
We're experienced financial experts who arrange fast bridging loans and second charge loans for property owners, investors and developers.
Get expert assistance today, we're on hand to answer any questions about your fast bridging loan.
Call our friendly team on 01202 612934, we're ready to help.
How much can you borrow with bridging finance?
We offer fast bridging loans of up to 80% loan to value (LTV).
For example, if you want to purchase a property with a quick bridging loan with a market value of £200,000, you need to have £40,000 of your own money as a deposit.
If you want to raise money against the equity in a property you already own then...
- your existing mortgage,
- any other debts secured against the property, and
- the bridging loan you want
...must not add up to more than 80% of the value of your property.
For example, if you own a property worth £350,000, 80% of its value is £280,000.
If you have a mortgage on it of £100,000, you could borrow up to £180,000 with one of our expedited bridging loans.
What are fast bridging loans?
Fast bridging loans are a specialist type of bridging loan for people who need to receive funds quickly.
With a standard bridging loan, the whole process from applying to receiving the funds can take up to as little as 10 working days. For large bridging loans of over £1m, it can take up to 15 working days.
With a fast bridging finance, the process is even shorter, normally no more than three days..
What is a bridging loan?
A bridging loan is a form of short term finance whose purpose is to provide you with the funding you need to get from where you are now to where you want to be.
For example, one of the most popular reasons for taking out a bridging loan is auction finance.
With standard property finance products like a mortgage, you can wait up to three months before you receive funding.
With a bridging loan, the process is much shorter.
And, in addition to raising money for a property purchase, you can request funding to pay for the renovation or refurbishment the property you buy - a request few standard mortgage lenders would accept.
