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Superfast Completion, Often Within Days

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Land, With or Without Planning

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2nd Charge (consent not always required)

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Quick Auction Finance

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3rd Charge (consent not always required)

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Adverse Credit Considered

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2nd Charge Behind Bridging Lender

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2nd Charge Behind Equity Release Lender

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Up to Age 85

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Pure Equity Based Lending

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Residential & Commercial

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Valuations Not Always Required

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Loans from £25,500

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Free Legal Option

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No monthly payments


  • When Time is a Factor,
  • Fast & Highly Flexible
  • Bridging Loans
  • Can be a Real Lifesaver!

What is a Bridging Loan?

A bridging loan is a shorter term loan than your usual loans and can provide immediate cash flow. The most popular use is to bridge the gap that when purchasing property and waiting to sell an existing one. Bridging loans are commonly utilised by individuals or businesses in the following scenarios:

  • Purchasing a new home: When considering the purchase of a new home while still in possession of your current one, a bridging loan can be a valuable solution to secure the necessary financing. This particular option proves particularly advantageous if you are in need of making a prompt decision on an appealing property and wish to mitigate the risk of losing out on the opportunity.
  • Property Development: Property developers commonly utilise bridging loans to purchase and modify residences before refinancing with a long-term mortgage or selling the enhanced property for a profit.
  • Auction purchases: When buying property at auction, you typically need to provide a deposit immediately and settle the full purchase price within a short period, often 28 days. Bridging loans can provide the necessary funds quickly for auction purchases.
  • Break property chains: In a property chain, where multiple transactions are linked, delays in one sale can affect all the others. A bridging loan can help break the chain by allowing you to complete your purchase before selling your property, reducing the risk of the whole chain collapsing.

Bridging loan mortgages differ from your standard mortgage offered on the High Street in terms of their shorter duration and higher interest rates. Bridging loans are usually repaid within 6 to 12 months. Borrowers are given the flexibility to either make monthly interest payments or settle the full interest amount at the end of the agreed loan term.

Bridging Loan Example

The below table shows examples of a 12-month bridging loan taken out at rate of 0.55%, and the repayment to be expected excluding any broker or other associated fees.


Loan Repayment
£50,000 £59,254
£60,000 £70,148
£70,000 £81,042
£80,000 £91,936
£90,000 £102,829
£100,000 £113,723
£110,000 £124,836
£120,000 £135,948
£130,000 £147,060
£140,000 £158,172

Best Bridging Loan Rates 0.55%

get-in-touch
Get in Touch

Clients approach UK Bridging loans either directly or via introducers. Basic questions by way of a “fact-finding” process are used by UK Bridging Loans to determine if the lending requirements are a possibility.

home-valuation
Fast Approval

An immediate yes or no answer is given and if suitable, a quotation is formulated and forwarded to the client, usually by email.

fast-approval
Formal Offer

A formal offer is produced for any client wishing to proceed and forwarded for signature, again, usually by email.

representative-visit
Representative Visit

Each client is visited at the security address for signature of the remaining loan paperwork, including a CH1, land registry charging order. We will also collect any additional pre-requested documentation.

underwriting
Dedicated Underwriting

The signed documentation is immediately sent to our underwriters. Our model is based on very quick completions as each deal is funded using all of our own money. On rare occasions we may request additional information.

access-funds
Payment of Funds

Average completion from initial acceptance to pay-out is usually just a few days. We rarely require valuations or additional legal representation. The land registry charge is removed once the bridging loan is repaid.

Who can use Bridging Finance?

people

Age

The applicant could be too old to obtain a standard high street mortgage as most mortgage lenders now prevent borrowing into what is deemed, “normal retirement age”.

property-condition

Property condition

The property may be in a condition where it is not suitable for mortgage finance and as such a Bridging Loan could be used to complete the purchase and any required work prior to refinancing.

credit

Credit

The applicant may have some adverse credit, however minor, which was previously acceptable to lenders but now no longer fits the high street lending criteria.

income

Income

The applicant may have difficulty proving income requirements needed for more regular finance. This may be due to poor self-employment records, a break from work or a reduction in self-employed workloads or overtime.

USP's

  • cloud Superfast Completion, Often Within Days
  • cloud Land, With or Without Planning
  • cloud 2nd Charge (consent not always required)
  • cloud Quick Auction Finance
  • cloud 3rd Charge (consent not always required)
  • cloud Adverse Credit Considered
  • cloud 2nd Charge Behind Bridging Lender
  • cloud 2nd Charge Behind Equity Release Lender
  • cloud Up to Age 85
  • cloud Pure Equity Based Lending
  • cloud Residential & Commercial
  • cloud Valuations Not Always Required
  • cloud Loans from £25,500
  • cloud Free Legal Option
  • cloud No monthly payments

Bridging Loan uses

Contact Us

Contact Details

pinBusiness Address: Office Block 2, Kibworth Business Park, Kibworth Harcourt, Leicestershire, LE8 0EX

callTelephone:  0116 366 6338

Opening Hours

Mon-Thurs: 9am-8.30pm

Fri: 9am-5pm

Sat: 10am-5pm

Sun: 11am-5pm


For job vacancies please email us on jobs@ukpf.co.uk