Bridging Loans
When you’re expecting money and need to release funds early, a bridging loan can be an effective solution.
Bridging loans are often seen as an expensive option, but with new lenders coming into the market, rates and repayment options are becoming more competitive.
What is bridging available for?
Bridging loans can be used for commercial or residential properties, in all sorts of circumstances. For example:
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When you buy your property at auction, with 20 days to complete
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When you have to buy urgently, with a long term arrangement pending
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When you need to buy one property before the sale completes on another
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When you need to raise short term capital
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When you’re settling adverse credit
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When you’re buying a property at a discount rate or below its market value (your loan may be 100% of the purchase price)
How much can you borrow?
Bridging loans are available for any amount from £25,050. There are no upfront fees, and terms will be up to 2 years.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.
Not all bridging loans are regulated by the Financial Services Authority.
Savannah Financial Services is an Appointed Representative of Thinc Assured Network Ltd, which is authorised and regulated by the Financial Services Authority. There may be a fee for mortgage advice. The precise amount will depend on your circumstances, although the maximum fee will not exceed 1.5% of the loan amount.
This site is intended for UK consumers only.
