How Does A Property Bridging Loan Work

How Does A Property Bridging Loan Work

A property bridging loan is a type of short-term business finance designed to get you from A to B by bridging a gap in your finances for a short to medium time period. It’s commonly used by property buyers and investors, but is suitable for a range of other business purposes too. When you take out bridging finance, the lender will usually have a first or second legal charge against your property.

How does a bridging loan work?

A bridge loan allows you to purchase a property before you’ve sold your payment on the purchase of the new one. Property bridging finance can be

Bridging loan finance is available from specialist brokers who have access to

A business property bridging loan is a type of commercial finance that, again, enables you to access funding over a short period of time. Providing you meet

Businesses may also seek out a short term bridge loan when awaiting long-term funding. For instance, a startup engaging in an equity financing round

Property bridging loan

A property bridging loan can come in useful if you want to buy a property but

Property bridging loans can also be used if you’re in a chain and part of it falls

One of the benefits of short term property bridging loans for property is that eg Bridging Loans

Open vs closed bridge loans

Property bridging finance falls into two categories: open and closed. A closed

Bridging loans explained — FAQs

What is a bridge loan?

How do bridging loans compare to regular term loans?

What can I use bridging finance for?