What Is a Bridging Loan?
A bridging loan is short-term finance used to:
- Buy property quickly
- Buy inhabitable property
- Bridge a gap between transactions
Because bridging finance is arranged over a short term, it can move much faster than a standard mortgage, making it a useful option when timing is tight.
Bridging loans can be used for:
- Breaking property chains
- Refurbishments
- Conversions
- Buy to let properties
- Auction properties
- Inheritance, tax and probate
- Unmortgageable properties
- Developments
Auction purchases in particular often come with strict completion deadlines, so having finance arranged in advance can make all the difference.
Is It Right for You?
Bridging loans are a great tool for the right property project or transaction, but having the right advice is even more important.
Fast, Flexible Lending
We help you access lenders quickly and structure deals efficiently.
Working with a mortgage broker in Cornwall gives you:
- Access to specialist bridging lenders
- Help structuring an exit strategy
- Guidance through a fast-moving process
Remember – when taking on a mortgage, make sure you have the correct insurances in place too.
