Bridging loans and finance
Are you in need of emergency funding to purchase or finish your property?
Have you exchanged contracts but the lender has let you down?
Are you in need of 100% purchase finance with no deposit?
What is bridging finance?
A bridging loan is a short-term finance option. It “bridges” the financial gap between the sale of your old house and the purchasing of a new one. If you’re struggling to find a buyer to purchase your old house, these loans can help you move into a new home before selling your existing one.
How much can I borrow?
Bridging loan lenders might lend anything between £25,000 and over £25m. But you’ll usually only be able to borrow a maximum loan-to-value ratio (LTV) of 75% of the value of your property.
How quickly can I access the funds?
We have a wealth of experience dealing with bridging loans and finance. We have access to the whole of market so we can secure lending that is not available to the general public. We have seen application and funds released in as short as 4 hours! To secure bridging finance you can use multiple properties for security including a mix of residential/ commercial properties and land. Speak to one of our advisers today to see how we can help you.
Didsbury Mortgage Co. Ltd
Top Floor, Hartley House,
128a Burton Road, West Didsbury,
Manchester M20 1JQ
Mon – Fri: 9.00 – 18.00
Sat: 9.00 – 14.00