Finding the right short-term finance can be difficult, especially when you need to complete quickly or your situation does not fit standard lender criteria. Bridging finance can provide temporary funding to help you purchase, refinance or release capital from a property while you arrange a longer-term solution.
Whether you are buying at auction, purchasing a new property before selling your current one, refinancing an existing loan, or funding a property investment opportunity, Discount Mortgages can help you search the market for suitable bridging finance options.
We make bridging finance as simple as possible.
The overall cost for comparison is variable and will depend on your circumstances. Please ask for a personalised illustration.
To get a suitable bridging finance quote, your advisor will review your loan amount, property value, security, timescale, repayment plan and intended exit strategy. Discount Mortgages can compare available lenders and help identify a bridging loan that matches your requirements.
If your current lender cannot support your application, or you need funds faster than a standard mortgage can be arranged, bridging finance may offer a flexible short-term option. It is often used by homeowners, landlords, investors, developers and businesses who need quick access to property finance.
Bridging finance is a short-term secured loan designed to “bridge” a temporary funding gap. It can be used when you need money quickly before a property sale, mortgage, refinance or another source of funds becomes available.
This type of finance is commonly secured against residential property, commercial property, land, mixed-use property or investment property. The loan is usually repaid through a clear exit strategy, such as selling the property or refinancing onto a longer-term mortgage.
There are many reasons why borrowers use bridging loans. The main benefit is speed. Bridging finance can often be arranged more quickly than a standard mortgage, making it useful when there is a tight deadline or urgent property opportunity.
Another benefit is flexibility. Some bridging lenders may consider situations that high street banks cannot support, including unusual property types, auction purchases, refurbishment projects or complex income circumstances.
Bridging finance may help you:
There are different types of bridging finance depending on how the property will be used. A regulated bridging loan may apply where the finance is secured against a property that you or a close family member live in or intend to live in.
Unregulated bridging finance is commonly used for investment, buy-to-let, commercial, semi-commercial, development or business purposes.
Your advisor will explain which type of bridging finance applies to your circumstances and help you understand the options available.
Lenders will usually assess the property value, loan-to-value, borrower profile, credit history, security offered, loan purpose and repayment strategy. The exit route is especially important because bridging finance is designed to be short term.
Common exit strategies include selling the property, refinancing onto a residential mortgage, moving onto a buy-to-let mortgage, arranging commercial finance, completing a development project, or repaying the loan from another confirmed source.
Finding the right bridging finance can be complex because every borrower, property and lender is different. Discount Mortgages can help you compare suitable options and guide you through the application process from enquiry to completion.
Our advisors can help assess your requirements, search available lenders, explain the costs, and support you with the paperwork required for your bridging finance application.
Our advisors will do their very best to keep you informed at every stage:
Just need to enter some basic information into our online enquiry form and we will search the market for suitable bridging finance options.
Or if you prefer, call us today and speak with an advisor who can discuss your property, funding requirement, timescale and exit strategy.
Bridging finance is subject to status, valuation, lender criteria and affordability checks. Your home, property or security may be repossessed if you do not keep up repayments on a loan or mortgage secured against it.
