Fast Bridging Loans
We arrange seriously fast bridging loans for urgent needs.
Up to £300k in 3 days
Up to £750k in 7 days
More than £750k in 3 weeks
Bad/adverse credit, or even 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 requirements. As long as you've the available equity, together with a realistic exit strategy, we're likely to be able to help.
Typically our fast bridging loans are used to settle time-critical short-falls in cash for both commercial and personal needs.
Our Fast Bridging Loan Service
- Urgent bridging loans from £26,000 to £250m
- Terms within 1 hour
- Draw funds in 72 hours
- For fast property transactions
- 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)
- Desktop valuation options reducing survey report time
- Dual legal representation speeding up legals
- No monthly payments with interest rolled-up options
- Terms up to 24 months
Typical uses for Urgent Bridging Finance
In our experience urgent bridging loans are mainly used as to raise fast funds to solve immediate short-term.
The 4 main reasons uses of a commercial bridging loan is: purchasing property, purchasing land or for business:
1. Purchasing Property
- Property auction finance for a residential, commercial or semi-commercial investment purchase
- Fixing a mortgage delay so you don't miss out on a purchase
- Repairing a potential property chain break
2. Purchasing Land
- As a quick loan to buy land to seize an opportunity
3. Small Business Bridging Loans
A small business loan, such as bridging loans below £750,000 are used for:
- Raising finance to pay for an unexpected bill
- A cashflow loan for smoothing out bumps in working capital
- Purchasing stock, plant or machinery whilst waiting for debtors to pay
- Alternative financing when invoice factoring let you down
- A short-term VAT bridging loan to settle a HMRC bill
- A loan to settle a corporation tax payment due
- A fast loan to pay wages that are imminent
- Avoid bankruptcy or insolvency when you've assets but not enough liquidity
?4. Refinancing an existing loan
Refinance a Bridging Loan when you need more time to exit
Settling other debt based loans
How we can help
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 or bad/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.
We've an incredible network of lenders who are flexible in their thinking and quick to complete. It's our strong relationships with all the UK's top lenders including specialist lenders, family offices and private investors, enables us to source the bridging loan you require in the time-scale that solves your problem.
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 more than 3 weeks) |
| Interest options | Rolled-up, retained or serviced |
| Interest rates | From 0.44% |
| Decision | Immediate decision in principle |
| Completion | 3 days for loans under £300k 7 days for loans under £750k From 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 |
Our 2024 guide to getting a Fast Bridging Loan
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 all bridging loan application documents are prepared in advance and ready to share.
- Be prepared to answer financial questions transparently, succinctly and quickly.
- Give your broker the realistic deadline that you need to work to set their expectation, and ask if its achievable.
- Tell your broker the best method of contact with you for a fast response. Is it Mobile, Landline, Email, SMS or Whatsapp?
- Tell your broker the best time of day and days of the week for them to reach you.
- Inform your broker of any periods, such as holiday, when you'll be unavailable to respond to questions.
- Ask your broker to approach multiple lenders from the outset so you can compare the rates and terms.
- Contact your broker regularly for updates, daily if its urgent. This will keep you to the top of their priority list.
- Choose the right bridging loan solicitor to speed up your completion, spoiler alert - it's probably not your family solicitor.
- Be prepared to quickly provide more information if the lender requests it.
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.
Benefits of urgent bridging loans
The main benefits of bridge lending are their flexibility and their ability to be organised extremely quickly.
The flexibility is a result of the fact that can provide any amount of financing from £26,000 to £200,000 in as little as 3 working days. Whilst larger amounts are available, up to £250m, these can typically take 14 - 28 days to complete. A standard bridging loan should be considered a short term solution meaning the repayment terms are, at most, 24 months.
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 amount you want to borrow
...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 10 working days. For large bridging loans of over £1m, it can take up to 20 working days.
With a fast bridging finance, the process is even shorter, normally no more than 3 days.
What is a bridging loan?
A bridging loan is 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.
Do I need proof of income for a bridging loan?
No, the majority of bridging lenders don't require proof of income as the loan security is the equity in property and as bridging loans are repaid in one lump sum at the end of their term there's no reliance on a salary to pay back the loan.
How quickly can you get an urgent bridge loan?
As long as the property you intend to have the debt secured against is residential, holds sufficient equity in accordance with the proposed loan amount, and you've a viable exit, your bridge loan request has a good likelihood of being approved quickly. In many cases, for loans up to £300,000 we're able to obtain bridge loan lender approval same day and funding drawdown can happen within 3 days if needed.
Urgent bridging loans are a type of loan that has many uses from simply raising cash, avoiding bankruptcy, stopping repossession, solving a property chain break when buying a property, purchasing land or the purchase of another property or for any project that does not meet the full criteria required by a regular lender. Urgent bridging loans offer clients with the necessary liquidity until such time as such projects come off ground and begin producing an income.
Is urgent 100% bridging finance possible?
Yes, 100% bridging finance is possible however, its all dependant on ensuring you have enough equity in the property or properties you're intending to put up as security for the loan and of course you having a viable exit strategy within the proposed timeframe. Its worthwhile bearing in mind that using multiple properties as collateral may increase the time to complete the loan.
