This short-term loan facility is provided in England and Wales and available for those who require funds for a limited period of time.

It includes open-ended bridging for a variety of purposes, including purchase before the sale of an existing property, renovation and adverse consolidation.

When should you consider bridging finance?

• To finance the home improvements required to get a traditional mortgage - e.g. ioo% retention
• Repairing adverse credit, including bankruptcy, prior to a mortgage application
• Borrowing against the value rather than the purchase price (for bona tide reasons)
• Buying property at auction or as a limited, or offshore company
• To renovate dilapidated properties with a view to selling them
• Non-redemption of existing property for a short period - e.g. when moving job
• Borrowings can also be made on let properties with a view to refurbishment or to fund a further property purchase
• Help with cashflow as the monthly repayments
• Urgency - e.g. echange has taken place without an Offer