Bridging loans are designed to help people who need liquidity to function in completing a property portfolio or project and a bridging loan can provide you with capital quickly over a relatively short period of time.

How Does a Bridging Loan Work?

Typically, a property owner can raise up to 70% loan to value to bridge the capital shortfall and loans can be placed as quickly as 48 hours.

BiG does not have any hidden exit fees unlike many lenders. However, we would advise you to think carefully about your exit strategy. This might, for example, involve getting a mainstream mortgage or a buy-to-let mortgage, or selling the property altogether.

When to use a bridging loan?

A bridging loan can be useful to raise capital for any legal purpose but in typical circumstances borrowers can obtain a bridging loan for the purposes of:

• Buying to let
• Auction property purchases
• Development or refurbishment to get a property to acceptable condition to mortgage
• Houses of multiple occupancy (HMO)
• Borrow against value rather than purchase price
• Raising debt secured against two or more properties with equity.

However, more recently, there has been a growing trend among borrowers to use bridging loans because high street and private banks are taking longer to process applications for larger residential loans.

 

Our Case Studies

BIG Property Finance are a provider of short term secured loans offering a unique and fresh approach to lending to property owners, investors and developers.

Bridging Loan Enquiries

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Bridging Loan Questions?

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