Get finance for your buy to let. Talk to the experts.
80,000+ Satisfied Customers
Credit Repair Specialists.
Why use us?
We will be in touch to seek further information about your case and discuss options available to you.
Experienced administrators work with you to provide the lender with all the details required to obtain a mortgage offer.
The Process For Your Mortgage.
Complete our 2 minute mortgage availability check.
3 Simple Steps.
How it works and what you need to know:
Bridging loans provide immediate cash flow so you can quickly fund investment in property.
It can be used to remedy a lack of finance and so ‘bridge’ the gap when carrying out one of the following:
Residential purchases (chain breakers)
Commercial property purchases
Purchases at Auction
Refurbishment and renovation of unmortgageable properties
Seek specialist advice to ensure you get the finance you require, and products without lenders fees and redemption penalties.
When is a Bridging Mortgage useful?
For example, if you are currently living in a house worth £300,000 and have a mortgage to the value of £150,000, and want to move into a house worth £400,000 within a short time frame, a bridging mortgage may prove useful. This is because you may not be able to apply for another mortgage until current home is sold. Also, it can take a long period to sell a home due to administration and market forces, hence a bridging loan would cover you for that period of time.
Bridging Mortgage rates of interest.
Bridging mortgages usually charge a higher rate of interest than traditional mortgages due to the short nature of the lending. This does depend upon the lender as rates can vary quite dramatically. Therefore, it is recommended to seek expert advice so you can receive a mortgage with the lowest possible rate.