Bridging loans are short term loans, usually between 3-12 months, and typically used for the following purposes;

• To enable the purchase of one property before completion on the sale of another.

• To fund the purchase of a property abroad.

• Temporary funding for the purchase of a 'defective' property, pending completion of repairs and draw down of a long-term mortgage.

• To capital raise for any purpose, pending a sale of the security property.

Bridging loans can be arranged on commercial, semi-commercial and residential properties, against either a first or second charge. Funds can be raised for any purpose and generally funding can be obtained within seven working days. Funding of up to 75% of the market value of the property can be obtained, in addition to 100% of the construction / development costs.

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