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Frequently Asked Bridging Loan Questions


How long does it take to set up a bridging loan?

We will aim to complete the loan so the funds are ready when you need them. We are a very experienced and efficient team, so you could have your bridging loan within just 48 hours!

How much can I borrow with a bridging loan?

We can offer bridging loans ranging from £25,000 to £5,000,000. However, we have further specialist facilities that allow us to offer commercial bridging loans ranging from £5,000,000 to £100,000,000.

What can I use a bridging loan for?

You can use a bridging loan for any legal purpose.

What are the costs of setting up a bridging loan?

We do not charge any upfront application fees when setting up a bridging loan for you. There is usually an arrangement fee, but that is only payable once you have your bridging loan facility in place. So, if you don’t receive your bridging loan, you won’t be charged an arrangement fee. Also, if there is no suitable valuation report- a valuation fee would be required. Any arrangement fees and any required legal costs can usually be added to the loan facility if required. Read more on our fees page.

What are the average interest rates on a bridging loan?

Due to a bridging loan being a short-term funding option- interest rates are generally higher than other loan types. The average rate is around 1% per month.

What can I have my bridging loan secured against?

A bridging loan can be secured against any residential property, commercial property, building plots or land- regardless of the condition.

Can you arrange bridging loans for limited companies and partnerships?

Yes. We can offer any commercial bridging loans provided there is sufficient security and the ability to re-pay the loan.

Can I secure a bridging loan on a property that already has other finance secured against it?

Yes, a bridging loan can be a first or second charge loan. It can even be a third, provided there is enough equity in the property.

Can I get a bridging loan if I have a bad credit rating?

In most cases, the lender is mainly concerned with the amount of security you can offer for the loan and the viability of your exit strategy. As long as the lender is happy with this, you shouldn’t have trouble securing a bridging loan even if you don’t have a good credit rating.