Fast, flexible, short term finance
Bridging Loans for property development provide the versatility many property developers and professional landlords need. This form of finance is suited to a wide range of circumstances, including:
- On auction day, when you need to pay a deposit there and then, the pre-auction bidding facility provided by some specialist lenders can ensure the finance you need is in place.
- If you have a 28-day deadline to raise the rest of the capital for a property purchased at auction, a conventional mortgage will not always be ready in time. Bridging finance can ‘bridge’ the funding gap to make sure the sale goes through.
- Some mortgage providers will not lend on properties that lack amenities or require essential repairs. Property refurbishment bridging loans provide the funds you need to install a kitchen or bathroom so you can remortgage the property or sell it on for a profit.
- Bridging loans on land can help you buy land that does not currently have planning permission, allowing you to move ahead with the deal.