Bridging loans are a specialist type of loan which are typically used to ‘bridge the gap’ before finances become available, or a longer term loan can be secured. One of the most common uses of bridging loan finance is to fund the purchase of a residential property before another property can be sold, which then frees up the money to pay off the loan.
Bridging loans might also be used for a range of commercial purchases or for property development purposes. In London especially, property development can be a very lucrative investment so when an opportunity comes along, you don’t want to risk missing out on it due to not having the finances available straight away.
Our network bridging loan brokers in London have experience working with commercial and residential bridging finance applications. Whether you’re looking for auction finance, funding a new property development project or you want to make a quick purchase on what will be your next home, get in touch with our team today.
Your Mortgage Options are completely impartial and independent with access to the Whole of the Market. This means we’re able to place you with the right finance provider and the best bridging loan deal to meet your needs. To discuss bridging loans in London with a helpful and friendly advisor, enquire online today for a no-obligation consultation.