Bridging Finance

Bridging finance is a very flexible form of short term funding and compared with conventional forms of finance it is very quick to organise and draw down the funds. Loans can be secured on either a first or second charge basis on residential or commercial property or on land and development sites with or without planning consent. In all cases bridging finance will be secured and should be thought of as a very flexible short term mortgage. That said, to secure the loan it may be necessary to organise a valuation of the property offered as security and in all cases you will need a solicitor to represent your interests. The minimum loan size is normally £26,000 and there is no maximum amount. Generally speaking you can lend up to 75% of the value of the property or properties being offered as security less any amount already secured on that property. For certain types and locations of property on a first charge basis you can borrow up to 80% of the value of the property