A bridging loan is a loan against the freehold or long leasehold interest of a property.
Bridging Finance is well suited to circumstances where finance is needed quickly and for relatively short periods of time. Typical examples of the uses of bridging finance are:
• Traditional chain breaking
• Auction Finance
• The subject property is uninhabitable / unsuitable for mainstream lenders
• Speculative property purchases where future planning permission changes are intended
The repayment of such loans typically comes from the sale of the asset or restructuring onto a longer term loan.
Bridging Finance is currently supported by:
• Specialist Banks and Lenders
Bespoke Business Finance has extensive experience in the arrangement of such loans, so please feel free to contact us today for further information.