Bridging
If you are in need of fast borrowing a bridging loan may be right for you. Our team of experts will assist you to explain If this is the best solution for you.
What is a bridging loan?
In simple terms, a bridging loan allows you to quickly borrow money for a short period of time which enables you to “bridge the gap” between selling a property and purchasing another.
Will you need to arrange a mortgage to clear the bridging loan once the property purchase has completed? Are you carrying out renovations before letting a property or perhaps looking to move in yourself? If the answer to either is yes, we can either tailor your bridging product to include the exit mortgage at outset or our mortgage desk can source the right buy to let or residential mortgage to suit your needs.
We are able to arrange mortgages with lenders that do not require a minimum of 6 months ownership.
We also have bridging lenders that offer a combined bridging and buy to let mortgage which can save money on fees and interest rates.
Positive Mortgages are a whole of market mortgage brokerage which means we can access every lender in the UK as long as they market their products through mortgage intermediaries. So make sure your exit options are feasible – speak to us before you agree to buy!
Positive Mortgages has won several bridging finance awards for the quality of our advice. We are known by lenders as being amongst the best brokerages in the UK and we offer an unparalleled service for you.
Mortgages
for everyone.
We regularly arrange bridging finance for customers who are experiencing a wide variety of scenarios including:
- Chain breaks
- Auction purchases
- Investment purchases
- Problem with arranging traditional mortgage finance
- Commercial lending
- Convert a commercial building into residential
- Self-build finance
- Refurbishment / development
- Funding without monthly interest payments to repay
Bridging Loan Highlights
50
Access to over 50 lenders
%
Funding
Available
Years Maximum Term*
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Loans can be arranged from £25,000 to £50million or more | |
Lending can be arranged up to 100% of the purchase price/value of your home (with additional security) | |
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Loans can be serviced as a monthly instalment or retained for non regulated mortgages (such as a Buy To Let). Meaning that you pay the interest when you redeem your mortgage | |
Loans on your own home or that are regulated will have no monthly instalments until you repay the debt in full** | |
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Some loans can be arranged with no survey or legal fees | |
Highly competitive rates with no minimum term | |
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Loans can be arranged to refurbish your property prior to arranging a traditional mortgage |
* For investment properties only. Please note for regulated mortgages the maximum term is 12 months
** Please note that loans that have retained interest may have compounded interest until the loan is repaid in full.
Please be aware that you need to keep up your mortgage payments or you could lose your home.
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