Bridging Loans
Fast, flexible and secured, it provides you with the quick cash injection you require, which you may have been unable to secure elsewhere within a short period of time. It can help to ‘bridge the gap’ if you want to buy a new home before selling your old one.
Bridging loans can also be used if you buy a property at auction, where you’ll need the money immediately but may not have sold your current property yet.
What is it?
A bridging loan is a short-term loan that can be used by individuals and businesses for any purpose until permanent funding, or their next stage of financing becomes available, or they sell a property. It can help to ‘bridge the gap’ if you want to buy a new home before selling your old one.
Timing is everything and if you need to quickly secure short-term bridging finance, then we can help you for both business and residential purposes.
Bridging loans tend to complete quickly, allowing businesses to complete on deals and purchase properties when ‘traditional’ commercial mortgages would not be an accessible or appropriate solution.
How can CashMoney UK® help you?
The breadth of funding options available makes bridging loans inherently flexible and unique. Lenders will often get creative with their lending criteria due to the competitive nature of the product – giving clients a greater number of options to choose from.
Our expert brokers are experienced in the market and understand the need for flexibility, affordability, and speed of results. We will analyse your case and negotiate with lenders in order to get the best possible solution for you.
What funding can we support?
- Short-Term Funding
- Light & Heavy Refurbishments
- Marketing Bridge
- Property Auctions
- Buying a non-mortgageable property
- Bridge-to-Let
- Buying ‘Below Market Value’
- Moving home before your current property is sold
- Raising cash to buy a Business, Purchase Stock or buy out a Business Partner
- Raising cash to pay a Personal or Business Tax bill
- Raising cash to stave off a repossession order
We can move very quickly giving an immediate decision and very often have the loan offer issued the same day. Funds can draw down generally within a matter of days and our experienced team will assist with all the necessary administration and valuations in order to ensure a smooth process.