Bridging Loan

Bridging loans are short term facilities that can be arranged quickly and are secured on property.

Bridging loans are usually just interest only, but of a higher than normal rate, but they are usually for just a short term, hence have little or no settlement penalty. Not a good idea to take one out long term. Interest on these is usually calculated and charged monthly.

At Dolphin we have access to a wide range of bridging facilities. Our panel of lenders will consider all circumstances. As specialist bridging brokers we work quickly and efficiently to ensure that our customers receive the facility that is best suited to their financial needs.

Bridging Loans Are Commonly Used:

1. For property purchase at auction

2. To purchase another property before the sale of the existing one

3. To buy a property in poor condition and refurbish it. This increases the property's value and the bridging loan is settled by replacing it with a long term mortgage.

4. To pay for improvements to a property in order to increase the value prior to it being sold.