A bridging loan is a type of loan that is used to cover shortfalls between buying one property and selling another, or to cover businesses whilst conventional funding is arranged.
A bridging loan can also be used for a house purchase, new business equipment or an unexpected bill.
MOST COMMON USES OF BRIDGING LOANS
Purchasing property whilst waiting for
the current property to sell/complete
Buy to let
Loans available up to 70% of the market value of the
property (higher percentages may be considered)
Interest rates from
0.75% to 3% per month
VAT or Tax
6 months to 2 years
If you have any questions or require any assistance in applying for loans, please contact a member of our team today.