Bridging Loans

Bridging loans are short-term loans secured against property. They may be considered where a purchase or project needs funding before a longer-term mortgage or property sale can be completed. Through our specialist referral arrangements, we can introduce you to a broker who can assess your circumstances and explain available options.

When might bridging finance be considered?

• Auction purchases: A specialist broker can explore whether finance may be available within the auction timescale. Funding is not guaranteed, and legal work, valuation and lender checks still need to be completed. Speak to us before bidding where possible.
• Refurbishment projects: Short-term finance may be relevant when a property needs work before it can qualify for a longer-term mortgage. The type and extent of the works, planning requirements and future use affect which route may be available.
• Timing gaps: Bridging may sometimes be considered when funds from a sale or another transaction are not yet available. Weigh the cost and risks against other options.

Start with the repayment plan

The planned method of repaying a bridging loan is often called the exit strategy. It might involve selling a property or refinancing into a longer-term mortgage. Your specialist broker will assess whether that plan is realistic, including what could happen if a sale is delayed, costs rise, or refinancing is unavailable. An intention to refinance does not guarantee a future mortgage.

Understand the full cost

Interest is only one part of the calculation. Depending on the loan, costs may include arrangement fees, valuation, legal work, broker fees and repayment charges. Interest may be paid during the term or added to the loan, depending on the terms. Ask for a clear explanation of the total amount repayable and the consequences of delay.

How we can help

Tell us about the property, purchase price, available deposit, proposed works, deadline and repayment plan. Where appropriate, we can introduce you to a specialist broker. The specialist will explain their role, charges and the available lending routes. We will explain our introduction arrangements before you proceed.

Frequently asked questions

Can you guarantee completion by an auction deadline?
No. Timing depends on the lender, valuation, legal work and the complete application. Do not assume finance is in place until the relevant arrangements are confirmed.

Can bridging be used for a property that needs renovation?
It may be possible, depending on the property, works, security and repayment plan. A specialist assessment is needed.

Is every bridging loan FCA regulated?
No. Regulatory status depends on the purpose, borrower and security. Your specialist broker will explain whether a proposed loan is regulated.

Discuss your property plans

Contact our Accrington team for an initial conversation. We support clients in Lancashire and across the UK by phone and online.

Ask About Bridging Finance

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A LOAN SECURED AGAINST IT.