Bridging finance is an interest-only short term loan that can be secured on any type of residential or commercial property in the UK. Bridging loans are ideal if you need funds to be available quickly and you will be able to clear the balance within 12 months.

A bridging loan can be used in several ways:

• The most common use for a bridging loan is as a 'chain breaking mortgage', where you are buying a property before your existing property has been sold (perhaps a sale has fallen through at the eleventh hour and you risk losing your deposit and the property you are buying).
• Personal bridging finance can be used while waiting for a remortgage, endowment or an inheritance payment
• Commercial bridging finance can be used for property development, to fund a property purchase, or for business investment or expansion.

Bridging loans can be used for almost any purpose and you are only required to pay the interest for the term of the loan (typically 12 months). At the end of the term you will be required to pay back the full outstanding amount.


Commercial Bridging

As part of our bridging loan services, we offer commercial bridging loans for up to 12 months to be used specifically for commercial purposes.

A commercial bridging loan is an interest-only short term loan that can be can be secured on any type of commercial property in the United Kingdom. Bridging finance is often the ideal option if you are purchasing a property and need to complete the process quickly so as not to lose your deposit.

Commercial bridging finance can be used for almost any purpose, provided you have the finance to pay off the balance within the next 12 months. For example, a business bridging loan can be used for short term projects such as property development to fund a property purchase, business investment or expansion.

Our short term commercial bridging finance options come with a variety of repayment options including capital and interest options as well as stage payment facilities. If you require long term business funding, we offer business mortgages for a period of up to 30 years.

Whatever your commercial circumstances and whatever your requirements for a business bridging loan in the UK, we can help! All our solutions are tailored to suit your own personal needs.

Enquire with Phone a Loan today and let us help you find a bridging loan that is right for you. ENQUIRE TODAY!