Auction purchases
Completion is usually 28 days from the fall of the hammer. That is the deadline the facility is built around.
FacilitiesBridging Finance
Bridging Finance
Short-term finance, on the timeline of the deal.
Lending secured against property and repaid on sale or refinance. Arranged for investors and developers, where a transaction has a date on it and conventional lending will not move fast enough.
28Days, typical completion.
- Amount
- From £150,000
- Term
- Up to 24 months
- Exit
- Sale or refinance
What it is used for
Buying before selling
Secure a property while your existing one is still on the market. If you already own property, a charge can be taken against it and used toward the purchase. The equity is the deposit.
Releasing equity for something else
Capital taken out of a property you already hold and used elsewhere, including in a trading business.
A deal that has stalled
Terms withdrawn, a lender that has gone quiet, or a case that has run out of road. These can be picked up part way through.
What decides it
The decision rests on the property, what it is worth, what is already secured against it, and how the facility is repaid. A clean credit file helps, but it is not what decides it.
If the asset and the exit are clear, the rest is a conversation. Tell us what you need
On agreements in principle. An agreement in principle shows a lender’s appetite, not the final number. The real figure comes after valuation and often differs, which is where most bridging disappointment starts. We will give you a realistic view before you commit to a valuation fee.
A bridge is decided on the asset and the exit, not on a credit score or a turnover figure.
How it works
Security
First or second charge against the property being bought, or one you already hold.
Repayment
Interest only, with the capital repaid at the end, from the sale or the refinance.
Borrower
An individual, a developer or a property company (an SPV), including one set up for the purchase.
Submission to completion28days, typical
01Submitted to lending partners02Indicative terms03Valuation instructed04Lending partner credit sign-off05Legal process, both sides06Funds released
ThenRepaid on sale or refinance
Ours. Getting the case in front of the right lending partner and terms on the table.
The lending partner’s. A valuer goes out, then credit signs it off.
The solicitors’. Two firms, and where a case is usually won or lost.
Completion
Terms are set by the lending partner and confirmed after valuation.
How we work on bridging
We take on a small number of bridging cases at a time, deliberately.
A bridge involves a valuation, two sets of solicitors, a lending partner that has to stay engaged and a deadline that will not move. Cases fall over between those steps, not at the application.
So we are selective, and what we take we run ourselves, to completion.
Is this for you
This works if
- You want to borrow £150,000 or more
- You have a property transaction with a real deadline
- You have a clear exit, with evidence behind it
- The purpose is business or investment
This does not work if
- A residential purchase you intend to live in
- Ground-up development, which is a different product
- Cases without a credible exit
- The same case already running with other brokers
Secured against property. Property given as security may be repossessed if repayments are not maintained.
Tell us the property, the transaction and the date it has to happen by.