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.
What it is used for
Auction purchases
Completion is usually 28 days from the fall of the hammer. That is the deadline the facility is built around.
Buying before selling
A property secured while the existing one is still on the market.
Buying without the deposit in cash
Where you already own property, a charge can be taken against it and applied 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Terms withdrawn, a lender that has gone quiet, or a case that has run out of road.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
What matters is the property, what it is worth, what is already secured against it, and how the facility gets repaid. A clean credit file helps. It is not what the decision turns on.
On agreements in principle. An agreement in principle is a statement of appetite. It is not the number. The real figure arrives after valuation, and it is common for the two to differ. That is where most bridging disappointment comes from, and it is avoidable.
We will give you a realistic view before you commit to a valuation fee, not after.
A bridge is decided on the asset and the exit. Not on a credit score, not on a turnover figure.
How it works
- Amount
From £150,000. Size decided on the asset and the exit.
- Term
Typically 12 to 24 months.
- Security
First or second charge against property.
- Repayment
Interest only, with the capital repaid at the end.
- Exit
Sale or refinance, agreed at the outset.
- Borrower
A company you already have, or one set up for the purchase. What the money is for decides the case, not the wrapper.
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. That is deliberate.
A bridge is not a form and a submission. It is a valuation, two sets of solicitors, a lending partner that has to stay engaged, and a deadline that does not move. Cases fall over between those steps, not at the application.
So we are selective about what we take. What we do take, we run ourselves, to completion.
Is this for you
This works if
- £150,000 or more
- A property transaction with a real deadline
- A clear exit, with evidence behind it
- Business or investment purpose
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
Tell us the property, the transaction and the date it has to happen by.