Bridging Loans and Mortgages

Bridging loans for purchase or refurbishment of your next property

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Access £50,000 to £20m

A large range of funding for residential, commercial or land projects
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Rates from 0.39% per month

Highly competitive rates
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Terms up to 36 months

Flexible terms to fit your unique circumstances
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Up to 100% LTV

with additional security. High borrowing amount to suit your project
Get bridging loans now
Apply online
or call our team
on 020 3964 2770

Quick bridging mortgages available in days

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Funding for property at auction, refurbishment work or an uninhabitable property
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Releasing funds for business purposes such as buying stock, funding new contracts or buying IT equipment
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Bridging the gap between selling one property and securing a mortgage on another
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Securing a property before securing construction finance or development finance

Used and trusted by UK businesses, just like yours

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Your bridging loan questions, answered

A bridging loan is a type of short-term business finance, it provides a way to access funds in a shorter timeframe.

UK bridging loans are short-term loans that like a mortgage and are secured against property or land for any legal purpose.

It can be up to 80% against the current value of the property or 100% of the purchase price if you are buying under value, or with additional security.

Bridging loan interest rates can either be rolled up (payable at the end of the bridging loan), or serviced (payable monthly). Terms can go up to 36 months!

Quicker to transact than a conventional mortgage, bridging loans can be used for;

  • Auction purchases
  • Light and heavy refurbishment of a property
  • Property development – to enable yourself to move into the next property whilst an existing development is waiting to be sold otherwise known as a commercial bridging loan
  • Conversions
  • Paying a tax bill
  • Gifted deposits
  • House purchases – cover a gap between the sale of your new home
  • To release cash for your business
  • Farm and land purchases with or without planning

  • Residential, commercial & land property bridging loans
  • From £50,000 – £20m
  • Rates from 0.39% per month
  • Up to 80% LTV (100% LTV with additional security)
  • Up to 36 months
  • 1st or 2nd charge

  • Contact information for everybody involved in the deal, including your solicitor
  • The amount you are looking to borrow
  • Details of the security and its valuation, both before and after development or refurbishment
  • Costs and timelines for any refurbishment or development activity
  • Planning permissions, if applicable
  • Information about you and any other applicants and guarantors
  • Your repayment proposals

1 Fill out the form in less than one minute, with some basic information about your business and how much money you need.

2.  A dedicated advisor will be in touch with you within 24 hours, between our working hours of Monday – Friday taking the time to understand your specific requirements. We will then request a few more details from you.

3.  With direct access to 150+ lenders we will then find the best deal for you. With no fee charged unless we have successfully supplied you with funding.

4. After the enquiry stage you will go through valuation, underwriting, legals until we complete.

There are more than 150 specialist property lenders, each with their own rates, credit appetite and geographic focus. Bridging Finance brokers will have decades of knowledge working with property investors, developers and landlords and can help position your deal with the most appropriate lenders to finance your bridging loan. Bridging finance can be secured relatively quickly and using a broker can help you secure fast bridging loans.

The main benefit of a bridging loan is the quick availability of funds. Most individuals can receive them in as little as 3 weeks, and in special cases just 3 days, which is much quicker than a standard mortgage.

A bridging exit is how you are going to repay the bridge. This is typically completed by rent on a buy to let property, sale of said property or by refinancing.

Bridging finance interest rates in the UK vary, however typically they are normally paid monthly starting from 0.39%.

Fees include legals and valuation. These will vary and are bespoke to the project in question. In addition to this a lender will typically charge a 2% arrangement fee to transact a bridging loan.

We offer both commercial and regulated bridging loans.

Subject to receiving advice from a regulated bridging finance broker, you can get residential bridging loans .

Contact us today to speak to a regulated broker.

The difference between a regulated and unregulated bridging loan is  that a regulated bridging loan is only applicable if you or your family members intend on living in the property. An unregulated bridge would be a loan for any other reason.

It is recommended to use development finance for financing developments due to lower interest rates, however, if time is not on your side and you have not sold your previous developments, you can use a bridging loan until you have sold your previous development and your development finance has come through.

A bridging loan for property development can be used for property refurbishment, lenders will typically provide up to 80% of the purchase cost and then up to 100% of the build cost

Bridging loans are typically used to convert properties into a state where the buyer can then obtain a commercial mortgage. Not all properties will be eligible for all types of mortgages, but it would be worth checking with your broker first. It is much more cost effective to exit your bridge when you can into a full-term mortgage.

Auction purchases have to be purchased within 28 days which is  not long enough for the mainstream banks to complete the purchase.

At Newable Finance, as an alternative finance provider, we can source bridging finance in as little as 21 days, so you can buy at auction with ease.

First and second charge bridging loans differ depending on whether the property already has loans secured against it. If it does then a second charge will be taken out, however if it doesn’t then it would be applicable for a first charge.

A second charge bridging loan will usually be more expensive than a first charge, and will require consent from the first charge lender. This is because the loan or mortgage will sit behind the first charge, and will encounter a greater risk.

Typically, if you still have a mortgage on your property, the bridging loan will be a second charge loan.

For bridging finance loans you can borrow up to 80% LTV (Loan-to-Value) or up to 100% LTV of the purchase price with additional security or for an under-valued property.

You can obtain a bridging mortgage between £50k and £20million

Bridging loans for businesses and property backed individuals:

A bridging loan is suitable for anyone who has a UK based property or other asset such as land, with equity that can be released for a short-term loan. Even if you have a poor credit history, a bridging loan may still be an option for you as long as you have enough equity in your UK property. A bridging loan can be initiated in either a company name or in a personal name and there is usually no age restriction.

An advantage to bridging finance is that multiple properties can be used as security if there is not enough equity in one property to cover the amount of money needed to be raised.

As bridging loan brokers, Newable Finance have access to 150+ lenders across the UK who specialise in different areas of bridging as well as bridging loan lenders. Newable specialists have extensive knowledge and experience when placing cases, and exclusive access to special rates and deals which means you receive the most suitable terms to meet your requirements.

As an alternative finance specialist, we can provide finance a lot quicker than mainstream banks, allowing you to start your project promptly.

Plus, we are renowned for our customer service with a rating of 4.9/5 stars on Trustpilot!

We source a range of property and business finance products to find businesses and individuals the most competitive deals on the market.

Property Finance products include:

 

Business Finance products include:

 

Contact us today for more details!

  • What is a bridging loan?
  • How does bridging finance work?
  • What can bridging loans be used for?
  • What is the bridging loan criteria?
  • How to get bridging loan - what do I need?
  • How does the application process work?
  • Why use a bridging finance broker?
  • What are the benefits of bridging finance?
  • What is a bridging exit?
  • What are UK bridging finance interest rates like?
  • How much does a bridging loan cost and what kind of fees are involved?
  • Can I get regulated bridging loans?
  • What is the difference between a regulated and an unregulated bridging loan?
  • How can I use bridging loans for property development?
  • How would a property bridging loan for refurbishment work?
  • Can I use a bridging loan to buy a property at auction?
  • How do first and second charge bridging loans differ?
  • How much can I borrow?
  • Who is a bridging loan suitable for?
  • Why use Newable Finance for bridging loans?
  • What other types of finance do you source?

A bridging loan is a type of short-term business finance, it provides a way to access funds in a shorter timeframe.

UK bridging loans are short-term loans that like a mortgage and are secured against property or land for any legal purpose.

It can be up to 80% against the current value of the property or 100% of the purchase price if you are buying under value, or with additional security.

Bridging loan interest rates can either be rolled up (payable at the end of the bridging loan), or serviced (payable monthly). Terms can go up to 36 months!

Quicker to transact than a conventional mortgage, bridging loans can be used for;

  • Auction purchases
  • Light and heavy refurbishment of a property
  • Property development – to enable yourself to move into the next property whilst an existing development is waiting to be sold otherwise known as a commercial bridging loan
  • Conversions
  • Paying a tax bill
  • Gifted deposits
  • House purchases – cover a gap between the sale of your new home
  • To release cash for your business
  • Farm and land purchases with or without planning
  • Residential, commercial & land property bridging loans
  • From £50,000 – £20m
  • Rates from 0.39% per month
  • Up to 80% LTV (100% LTV with additional security)
  • Up to 36 months
  • 1st or 2nd charge
  • Contact information for everybody involved in the deal, including your solicitor
  • The amount you are looking to borrow
  • Details of the security and its valuation, both before and after development or refurbishment
  • Costs and timelines for any refurbishment or development activity
  • Planning permissions, if applicable
  • Information about you and any other applicants and guarantors
  • Your repayment proposals

1 Fill out the form in less than one minute, with some basic information about your business and how much money you need.

2.  A dedicated advisor will be in touch with you within 24 hours, between our working hours of Monday – Friday taking the time to understand your specific requirements. We will then request a few more details from you.

3.  With direct access to 150+ lenders we will then find the best deal for you. With no fee charged unless we have successfully supplied you with funding.

4. After the enquiry stage you will go through valuation, underwriting, legals until we complete.

There are more than 150 specialist property lenders, each with their own rates, credit appetite and geographic focus. Bridging Finance brokers will have decades of knowledge working with property investors, developers and landlords and can help position your deal with the most appropriate lenders to finance your bridging loan. Bridging finance can be secured relatively quickly and using a broker can help you secure fast bridging loans.

The main benefit of a bridging loan is the quick availability of funds. Most individuals can receive them in as little as 3 weeks, and in special cases just 3 days, which is much quicker than a standard mortgage.

A bridging exit is how you are going to repay the bridge. This is typically completed by rent on a buy to let property, sale of said property or by refinancing.

Bridging finance interest rates in the UK vary, however typically they are normally paid monthly starting from 0.39%.

Fees include legals and valuation. These will vary and are bespoke to the project in question. In addition to this a lender will typically charge a 2% arrangement fee to transact a bridging loan.

We offer both commercial and regulated bridging loans.

Subject to receiving advice from a regulated bridging finance broker, you can get residential bridging loans .

Contact us today to speak to a regulated broker.

The difference between a regulated and unregulated bridging loan is  that a regulated bridging loan is only applicable if you or your family members intend on living in the property. An unregulated bridge would be a loan for any other reason.

It is recommended to use development finance for financing developments due to lower interest rates, however, if time is not on your side and you have not sold your previous developments, you can use a bridging loan until you have sold your previous development and your development finance has come through.

A bridging loan for property development can be used for property refurbishment, lenders will typically provide up to 80% of the purchase cost and then up to 100% of the build cost

Bridging loans are typically used to convert properties into a state where the buyer can then obtain a commercial mortgage. Not all properties will be eligible for all types of mortgages, but it would be worth checking with your broker first. It is much more cost effective to exit your bridge when you can into a full-term mortgage.

Auction purchases have to be purchased within 28 days which is  not long enough for the mainstream banks to complete the purchase.

At Newable Finance, as an alternative finance provider, we can source bridging finance in as little as 21 days, so you can buy at auction with ease.

First and second charge bridging loans differ depending on whether the property already has loans secured against it. If it does then a second charge will be taken out, however if it doesn’t then it would be applicable for a first charge.

A second charge bridging loan will usually be more expensive than a first charge, and will require consent from the first charge lender. This is because the loan or mortgage will sit behind the first charge, and will encounter a greater risk.

Typically, if you still have a mortgage on your property, the bridging loan will be a second charge loan.

For bridging finance loans you can borrow up to 80% LTV (Loan-to-Value) or up to 100% LTV of the purchase price with additional security or for an under-valued property.

You can obtain a bridging mortgage between £50k and £20million

Bridging loans for businesses and property backed individuals:

A bridging loan is suitable for anyone who has a UK based property or other asset such as land, with equity that can be released for a short-term loan. Even if you have a poor credit history, a bridging loan may still be an option for you as long as you have enough equity in your UK property. A bridging loan can be initiated in either a company name or in a personal name and there is usually no age restriction.

An advantage to bridging finance is that multiple properties can be used as security if there is not enough equity in one property to cover the amount of money needed to be raised.

As bridging loan brokers, Newable Finance have access to 150+ lenders across the UK who specialise in different areas of bridging as well as bridging loan lenders. Newable specialists have extensive knowledge and experience when placing cases, and exclusive access to special rates and deals which means you receive the most suitable terms to meet your requirements.

As an alternative finance specialist, we can provide finance a lot quicker than mainstream banks, allowing you to start your project promptly.

Plus, we are renowned for our customer service with a rating of 4.9/5 stars on Trustpilot!

We source a range of property and business finance products to find businesses and individuals the most competitive deals on the market.

Property Finance products include:

 

Business Finance products include:

 

Contact us today for more details!

Ready to start? Apply now for bridging finance

Apply now - it's quick and free

1
Send us your details
Fill out the form in less than one minute, with some basic information about you and your business
2
We will contact you within 24 hours
A dedicated advisor will be in touch with you within 24 hours, between our working hours of Monday - Friday.
3
Get your funding
We will be there every every step of the way, with access to 150+ lenders we will find you the best deal for your requirements. No fee charged unless we have successfully supplied you with funding.

Or speak to one of our experts over the phone on 020 3964 2770