Independent & personal service
98% SUCCESS rate
Access to 1,000+ MORTGAGES
5 star reviews
  • Independent & personal service
  • 98% SUCCESS rate
  • Access to 1,000+ MORTGAGES
  • 5 star reviews

Bridging Loans

Trust our bridging loan specialists for a smoother transition.

Bridging finance is a form of property finance that allows you to take advantage of opportunities in the property market and move quickly.

A traditional mortgage can take months to arrange and complete but at The Commercial Branch we can organise a bridging loan within days. A bridging loan enables you to quickly ‘bridge’ the gap to secure residential, land or commercial property.

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Bridging Finance is a strategic necessity with the aim of making a healthy return after all costs. We work with our clients to ensure you have a viable exit and there is enough profit in the deal to work and pay you dividends.

There are so many bridging lenders out their and on the face of it they seem to all offer the same, however, they are play a very different game. We understand each lender and advise you to ensure we work with the right funder for your requirements as this strategy is short and crucial to have the right lender on our side.

Here are some key elements we assist you with:

  • Working to your timescale (as quick as 3 working days to receive funds)
  • Achieving you the amount needed
  • Searching across the whole market to obtain the best deal
  • Working closely with all parties to ensure deadlines are met
  • Providing experience and knowledge to give you the best outcome
  • And most importantly giving your our advice on the deal you are assessing

There is no time like now to pick up the phone and discuss how we can help you obtain the right assets to achieve your financial goals.

98%

Success
rate

We’ll support you with round-the-clock service, right through to completion.

Examples of clients we’ve helped:

Property developer – we used the value in their main residence to raise funds to buy a run-down property that they will redevelop. Although there were some historic credit issues we were able to arrange a facility that the developer could use repeatedly to acquire further land property for development.

Landlord – new regulations regarding minimum room size for HMOs (House of Multiple Occupation) meant that new purchase for our client would need extending before being suitable for letting. We arranged funding to acquire the 3-bed semi, and then fund 100% of the refurbishment to a 5 bed HMO.

Auction finance – dilapidated and run-down properties that you would not be able to secure a traditional mortgage on are the norm at auctions – we’ve helped investors buy properties without kitchens & bathrooms, even without a roof! Most auctions also require you to complete within 28 days of the hammer falling – we’ve worked with many investors to ensure they meet this timeframe. It’s always best to talk through your options with us beforehand, and we can ensure the speediest and most cost-effective solution, enabling you to bid with confidence and move quickly when an opportunity arises

A family secure their dream property –  current house sale was dragging and they were going to lose their purchase – we were able to help them with a bridge and then move them onto a long term mortgage at a great rate.

You may have heard that bridging finance is ‘expensive’ and yes, it is when compared to a traditional mortgage, but it a fantastic tool to drive property acquisitions and refurbishments when used correctly. Those clients who use it for the first time and are initially apprehensive, more often than not then use bridging again and again.

At The Commercial Branch we’re experienced at helping you secure all types of bridging finance – get in contact today for a free initial chat to see if we can help.

Bridging loan FAQs

  • What is a bridging loan?

    There are 2 types of Bridging loans.

    First is, for you buying a home to live in where you are unable to get a standard mortgage e.g. the property is in bad condition and needs repairing before you can get a standard mortgage or you are not able to sell your existing home but need to buy your new home before, this could be from your buyer not being ready, the seller needing to move quickly or you simply don’t want to miss out on your dream house.

    Second, purchasing an investment property (residential, commercial or land with or without planning) Where again you are unable to buy it with a standard mortgage due to condition or speed is of the essence to buy the property/site or you need to change the use through planning consents but again need to buy it before you obtain these consents.

  • How to get a bridging loan?

    Bridging loans are available mainly through specialist banks/lenders some clearing banks offer them to but only for experienced commercial clients. Criteria across the different lenders vary hugely, so it is recommended to use a Mortgage broker to help you find the most suitable product across the market which fits the lender’s appetite to lend.

  • How does a bridging loan work?

    A bridging loan is different from a standard mortgage, as you do not pay anything monthly. The interest is added to the loan each month until you are able to redeem the loan through remortgaging the property once in a suitable condition, sale of the asset, sale of another asset or any planned windfall, typically within a period of 6-18 months.

  • How much does a bridging loan cost?

    Bridging loans are more expensive than a standard mortgage as they are short term lending which standard mortgages cannot facilitate. You would expect between 0.5% to 1.25% interest per month, plus a Lender fee of 2% and other associated costs; solicitors, valuation, broker fee.

  • How long does a bridging loan take?

    There are 3 main steps to take out a bridging loan, 1. have it agreed by the underwriting team 2. carry out a satisfactory valuation on the property/s 3. complete the transaction through your solicitor. It is possible in the correct circumstances to complete a bridging loan within several days, other lenders offer a guarantee of 2 weeks to complete and others will take about 2 months. So it is vital to choose the right lender for your transaction.

  • Do banks offer bridging loans?

    Some high street banks do offer bridging loans but this is normally only for their existing commercial clients who have built up a relationship with them and had experience in this area.

  • What is a bridging loan in the UK?

    A bridging loan in the UK is only for properties or land in the UK only, which come in 2 forms Residential (for your own home) & Investment (BTL or development project).

    First is, for you buying a home to live in where you are unable to get a standard mortgage e.g. the property is in bad condition and needs repairing before you can get a standard mortgage or you are not able to sell your existing home but need to buy your new home before, this could be from your buyer not being ready, the seller needing to move quickly or you simply don’t want to miss out on your dream house.

    Second, purchasing an investment property (residential, commercial or land with or without planning). Where again you are unable to buy it with a standard mortgage due to condition or speed is of the essence to buy the property/site or you need to change the use through planning consents but again need to buy it before you obtain these consents.

  • Can I get a bridging loan with bad credit?

    Yes, there are 100s of lenders who offer bridging loans and within this market, there are lenders who can help you acquire a loan even with bad credit.

  • What is a short term bridge loan?

    Bridging loans are short terms typically between 6-18 months, as they are only there to facilitate a transaction. So it is crucial to have a viable exit strategy to pay off the bridging lender in time.

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When you put down roots,
so do we.

Working with our long-standing charity partner, Gloucestershire Wildlife Trust, we pledge to plant a tree in your name when your mortgage completes.

423

Trees planted

in the last 12 months

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To discover your options, call us today on 01242 696 235 or email hello@themortgagebranch.com

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