Just like the other types of bridging finance, bridging for Residential Purchases allow you to get the finance you need right away while you’re waiting for another transaction. These loans ore typically based on the value of the property you want to buy and how quickly you can recoup your investment, making them a sound option if you already have a buyer lined up.

However, there are other finance options out there, without the high-interest rates that bridging finance brings. If we think that you’d be better off with a different type of finance, we’ll be sure to tell you so, but bridging finance fills a very important gap in the market which might be perfect for your needs.

When developing a property, you might need to cover costs or fund renovation works with a short-term loan while you look for a buyer or long-term funding option. So-called Bridging Finance loans short-term loans – typically lasting 12-18 months – which cover the period between property transactions, bridging the gap.

Developing or renovating a property for sale can be highly unpredictable, so using bridging finance as a stopgap solution is quite common. To learn more about our bridging finance services or apply for a development bridging loan, contact a member of our team today.