Bridging finance is a short-term mortgage secured against your property. It can be a mechanism to release equity from your home quickly before refinancing with another lender. Bridging finance comes in many shapes and forms. It can be used to buy a new home before your current property sells, renovate a property before you put it up for sale or upsize or downsize without going through a lengthy mortgage process. There’s practically no limit to how this type of financing can be used.
You can take advantage of bridging finance if:
You have complex or low income
A significant portion of your wealth is tied up in assets like property
You know banks and mainstream lenders won’t want to lend for the project you want to explore
You have an ambitious project and aggressive plans
The opportunity you wish to pursue requires significant borrowing
The relatively short-term nature of bridging finance can be challenging, requiring experience, contacts and negotiating skills to secure the best possible terms with as much flexibility as possible. Extremely competitive interest rates, staged funding release to save on interest and utilising assets and income as security are vital elements of bridging finance deals.
We excel in these areas as well as pre-arranging cheaper traditional refinancing of bridging loans at the end of the term.