Frequently Asked Questions
What is a bridging loan?
A bridging loan is short-term, secured finance designed to “bridge” the gap between buying a property and securing longer-term funding or selling an existing asset. It gives property investors, developers, and landlords quick access to capital when timing is critical.
How does auction finance work?
When you win a property at auction, you typically have 28 days to complete. Auction finance is a type of bridging loan that gives you the funds to meet that deadline, even if your mortgage isn’t in place yet.. We can agree terms quickly so you can bid with confidence.
Who can apply for a bridging or auction loan?
We work with a wide range of borrowers including property investors, landlords, developers, and business owners. Whether you’re purchasing your first investment property or managing a large portfolio, we can explore options suited to your situation.
How fast can I get a bridging loan?
We can provide a decision in principle within hours, with funds released in as little as 7 days. Speed is at the core of what we do. We understand that in property, missing a deadline can mean missing the deal.
What can a bridging loan be used for?
Bridging loans can be used for a variety of purposes, including purchasing property at auction, funding refurbishments, buying before selling, refinancing an existing portfolio, or completing time-sensitive transactions that a standard mortgage can’t move fast enough to support.
How much can I borrow?
We arrange loans from £50,000 up to £20 million, with lending available up to 90% Loan to Value (LTV). The amount you can borrow depends on the property value, your exit strategy, and your overall circumstances.
What is an exit strategy?
An exit strategy is your plan for repaying the bridging loan at the end of the term. Lenders will want to see a clear and credible one before approving finance. Common exit strategies include selling the property, refinancing onto a buy-to-let or commercial mortgage, or using proceeds from another asset sale.
What are the typical interest rates and fees?
Rates start from 0.55% per month, with terms available from 1 to 24 months. We charge no broker fees on straightforward loans. As an independent, whole-of-market broker, we negotiate directly with lenders to secure the most competitive terms available for your situation.